Keyword Analysis & Research: fob

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What is FOB in shipping and how does it work?

‘On board’ simply means that the goods are on the ship. As such, FOB shipping means that the supplier retains ownership and responsibility for the goods until they are loaded ‘on board’ a shipping vessel. Once on the ship, all liability transfers to the buyer. The FOB incoterm is only applied to shipments being sent by sea or waterway.

What does FOB stand for in the military?

What does FOB stand for in the military? FOB: Forward operating base. A temporary, secured operational position that supports strategic goals and tactical objectives.


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