free on board

A mercantile-contract term allocating the rights and duties of the buyer and the seller of goods with respect to delivery, payment, and risk of loss, whereby the seller must clear the goods for export, and the buyer must arrange for transportation.

• The seller’s delivery is complete (and the risk of loss passes to the buyer) when the goods pass the transporter’s rail. The buyer is responsible for all costs of carriage. UCC § 2-319. — Abbr. FOB; F.O.B. Cf. FREE ALONGSIDE SHIP; DELIVERED EX SHIP. [Cases: Sales 77(2). C.J.S. Sales §§ 96–98.]

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词条贡献者

译者David，毕业于亚洲顶尖的高级翻译学院，擅长翻译各种与复杂商业诉讼相关的法律文件。