3" D2 Terra firma Lift

super88

Well-known member
Nov 28, 2004
94
0
Mile High City
jafir said:
FOB? I googled it and even read the wikipedia article and I still have no idea what it means.

Fuel on Board. Generally expressed in hours and minutes in block 12 of the FAA form when filing a flight plan.
 

roverover

Well-known member
Feb 27, 2005
3,819
28
69
Lancaster PA
www.UsedLandRoverParts.com
FOB (shipping)From Wikipedia, the free encyclopediaJump to: navigation, search
For other uses, see FOB (disambiguation).
FOB is an initialism which pertains to the shipping of goods. Depending on specific usage, it may stand for Free On Board or Freight On Board. FOB specifies which party (buyer or seller) pays for which shipment and loading costs, and/or where responsibility for the goods is transferred. The last distinction is important for determining liability for goods lost or damaged in transit from the seller to the buyer.

Precise meaning and usage of "FOB" can vary significantly. International shipments typically use "FOB" as defined by the Incoterm standards, where it always stands for "Free On Board". Domestic shipments within the US or Canada often use a different meaning, specific to North America, which is inconsistent with the Incoterm standards.

North American FOB usage corresponds to Incoterms approximately as follows:

North America Incoterm
FOB shipping point or FOB shipping point, freight collect FCA shipping point
FOB shipping point, freight prepaid CPT destination
FOB destination or FOB destination, freight prepaid DDU destination
FOB destination, freight collect No Incoterm equivalent
Contents [hide]
1 Incoterm
2 North America
3 Accounting and auditing
4 References


[edit] IncotermFurther information: Incoterm
Under the Incoterm standard published by the International Chamber of Commerce, FOB stands for "Free On Board", and is always used in conjunction with a port of loading.[1] Indicating "FOB port" means that the seller pays for transportation of the goods to the port of shipment, plus loading costs. The buyer pays cost of marine freight transport, insurance, unloading, and transportation from the arrival port to the final destination. The passing of risks occurs when the goods pass the ship's rail at the port of shipment.

For example, "FOB Vancouver" indicates that the seller will pay for transportation of the goods to the port of Vancouver, and the cost of loading the goods on to the cargo ship (this includes inland haulage, Customs clearance, origin documentation charges, demurrage if any, origin Port handling charges, in this case Vancouver). The buyer pays for all costs beyond that point (including unloading). Responsibility for the goods is with the seller until the goods pass the ship's rail. Once the cargo is off of the ship, the buyer assumes risk.

Due to potential confusion with domestic North American usage of "FOB", it is recommended that the use of Incoterms be explicitly specified, along with the edition of the standard.[2][3] For example, "FOB New York (Incoterms 2000)". Incoterms apply primarily to international trade, not domestic trade within a given country.

This use of "FOB" originated in the days of sailing ships. When the ICC first wrote their guidelines for the use of the term in 1936,[4] the ship's rail was often still relevant, as goods were often passed over the rail by hand. In the modern era of containerization, the term "ship's rail" is somewhat archaic for trade purposes. The standards have noted this. Incoterms 1990 stated, "When the ship's rail serves no practical purpose, such as in the case of roll-on/roll-off or container traffic, the FCA term is more appropriate to use." Incoterms 2000 adopted the wording, "If the parties do not intend to deliver the goods across the ship's rail, the FCA term should be used."[1]

[edit] North AmericaWithin the United States, the term FOB is commonly used when shipping goods to indicate who pays loading and transportation costs, and/or the point at which the responsibility of the goods transfers from shipper to buyer.

"FOB shipping point" or "FOB origin" indicates the buyer pays shipping cost and takes responsibility for the goods when the goods leave the seller's premises. "FOB destination" designates the seller will pay shipping costs and remain responsible for the goods until the buyer takes possession.[5]

Previously, under the Uniform Commercial Code, both "FOB origin" and "FOB destination" left the seller responsible for paying costs of loading goods on board the carrier; hence "Free On Board". When the buyer was responsible for loading costs as well, the UCC term was "FAS", "Free Alongside".[6] Currently, the UCC has removed FOB and FAS leaving the definition of these terms up to the interpretation of the parties or the applicable state's law. Many states have wholly or in part adopted the UCC terms without realizing that the UCC has abandoned the definitions. [7][not in citation given]

A related but separate term "CAP" ("customer arranged pickup") is used to denote that the buyer will arrange a carrier of their choice to pick the goods up at the seller's premises, and the liability for any damage or loss belongs to the buyer.

[edit]

Means they are in lancaster and you can pick them up or pay to have them shipped to you
 

jafir

Well-known member
May 4, 2011
1,628
0
Northwest Arkansas
roverover said:
Precise meaning and usage of "FOB" can vary significantly.
[edit out rest of worthless wiki article that still doesn't say what YOU mean by FOB]

Means they are in lancaster and you can pick them up or pay to have them shipped to you

Ok. I got it now.
 

DrFodge

Well-known member
Sep 1, 2010
61
0
Delaware
So what you're saying is, is that FOB might indicate that when preceded by a price or other legal tender or instrument of barter (as allowed by law) associated with and directly representative of an item designated as 'merchandise' including but not limited to the reference of "for sale" it could infer that it may or may not be indicative of the price a person may or may not have to pay to have said 'merchandise' delivered to one's place of legal appointment and affect the final transfer of property from one owner to another assuming that no warranties implied or otherwise are previously agreed to verbally or in writing. Subject to local, state, and/or federal law. Obviously, some purchasers, buyers, purveyors of Rover or other motor vehicle related memorabilia either associated with organized labor, non-represented, exempt, non-exempt, full time, part time, casually interested, die-hard enthusiasts, related to any of the aforementioned, or geographically assimilated to planet earth, the moon, or any other entity associated with the galaxy known as or referred to, or associated with the Milky Way or any other neighboring galaxies or entities known as or refereed to and associated with 'universes', whether OEM, after-market, fabricated, replicated, duplicated, photographed or represented 'in likeness' shall pay upon demand of seller to said buyer the amount quoted in said referenced advertisement of the aforementioned product, service, or 'time rendered' the price quoted when followed by the acronym 'FOB' which will be inclusive of cost plus shipping to a known or unknown person(s) who presents an instrument of value to seller.

The above referenced definition of 'FOB' may or may not be an accurate definition but may or may not be an indication to any person(s) who do(es) not have the intellect to deduce, within context, that a listed price followed by 'FOB' may or may not indicate an inclusive or exclusive total to an interested purchaser.

OR.....

it means "Friends of Bronies" :eek:
 
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mbs13

Well-known member
Mar 23, 2008
284
0
Chicagoland
To satisfy the FOB terms of sale, you're going to have to load them into the buyer's car (otherwise it's EXW).