January 8

What does FOB mean in delivery?

What does FOB mean in delivery?

You’ve likely seen the acronym FOB in your shipping documents if you’ve ever shipped anything. Though, just exactly how many individuals understand just exactly just what this means? As it happens, perhaps perhaps perhaps not a whole lot. Also those within the delivery industry with familiarity with cargo delivery terminology usually are confused regarding the meaning that is true.

To assist shippers better realize FOB, we have broken it listed below:

What does FOB suggest in delivery?

FOB is short for “free up to speed” or “freight up to speed” and it is https://datingmentor.org/dating-apps/ a designation which is used to point whenever ownership and liability of goods is transmitted from the vendor up to a customer. Continue reading

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