Dictionary of Procurement Terms

Welcome to the NIGP Online Dictionary of Procurement Terms, the comprehensive reference for public purchasing terms and concepts.

Search the Dictionary of Terms

Search Results: 1-1 of 1 result for “Free on Board (F.O.B.) Origin, Freight Prepaid and Added”
  • 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. Also known as Free on Board (F.O.B.) Origin, Freight Prepaid and Charged Back.
Advertisement
Advertisement

SUGGESTIONS FOR THE DICTIONARY

 

Is there a term missing from our dictionary?

 

Does a more concise or relevant definition apply?

 

Submit your comments/suggestions to our editorial board at dictionary@nigp.org