Dictionary of Procurement Terms

Dictionary of Procurement Terms

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Search Results: 1-5 of 5 results for “Free on Board (F.O.B.) Destination”
  • Free on Board (F.O.B.) Destination

    The point at which a title changes hands from the supplier to the buyer at the destination of the shipment when the buyer signs for the goods. The supplier owns the goods in transit, assumes responsibility for carrier selection, and files any claims for damages incurred during this period. F.O.B. destination does not address the responsibility for the cost of transportation (freight charges), which must be specified with the inclusion of additional language.
  • Free on Board (F.O.B.) Destination, Freight Collect

    The point at which a title passes at destination and the buyer pays the freight.
  • Free on Board (F.O.B.) Destination, Freight Collect and Allowed

    The point at which a title passes at destination and the buyer pays the freight and deducts it from the seller’s invoice.
  • Free on Board (F.O.B.) Destination, Freight Prepaid and Added

    The point at which a title to the goods passes from the supplier to the buyer at the point of destination and supplier pays the freight expense and then adds the freight expense to the buyer's invoice. Supplier owns goods in transit and files claims, if any.
  • Free on Board (F.O.B.) Destination, Freight Prepaid and Allowed

    The point at which a title passes at destination, and the seller pays the freight.
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