Free on Board (F.O.B.) Origin
The point at which
a title changes hands from the supplier to the
buyer at the origin of the shipment. In this
scenario, the buyer owns the goods in transit,
assumes responsibility for carrier selection,
and files any claims for damages incurred
during this period. F.O.B. Origin does not
address the responsibility for the cost of
transportation (freight charges), which must
be specified with the inclusion of additional
Free on Board (F.O.B.) Origin, Freight Collect
point at which a title passes at origin, and the
buyer pays the freight.
Free on Board (F.O.B.) Origin, Freight Prepaid and Added
The point at which a title passes at
origin, and the seller pays the freight and then
collects the charges from the buyer by adding
them to the invoice.
Free on Board (F.O.B.) Origin, Freight Prepaid and Allowed
The point at which a title to the
goods passes from the seller to the buyer at
the point of origin, and the supplier pays and
bears the freight expense. The buyer owns the
goods in transit and files claims, if any.
Free on Board (F.O.B.) Origin, Freight Prepaid and Charged Back
The point at which a title
passes at origin, and the seller pays the
freight and adds it to the seller’s invoice.
An individual or business that wants
to use a public good or service and have
others pay for it.
An international trade policy that
allows goods and services to be bought and
sold across borders with no or few
government prohibitions, quotas, subsidies,
Freedom of Information Act
A law enacted in
1967 that gives the public the right to request
access to records from any federal entity.
Petitioned entities are required to disclose
information requested under the FOIA unless
it falls under certain exemptions that protect
interests, such as personal privacy, national
security, and law enforcement.
Online software that is available for
download and usage without cost (or free of
charge) to the user. See Also: Shareware.
1. Supplies, goods, and transportable property
being moved between locations.
2. Compensation paid for the transportation of
goods or for the use of a carrier.