• Skip to main content
  • Skip to primary sidebar
full form directory logo

Full Form Directory

Expand Everything

What is the Full Form of FOB ?

FOB – Free On Board

Free On Board is the transportation term related to the shipping of goods. Normally the term FOB along with some point represents the sellers responsibility to the mentioned point, henceforth all freight, carriage and insurance costs to be borne by the buyer. In other words we can say “The invoice price includes delivery at the seller’s expense to a specified point and no further”.

For Example:
The term FOB is used by a seller “FOB Mumbai” means that the seller will pay all the expenses upto the port of Mumbai (which includes cost of loading, Customs clearance, origin documentation charges, and other charges). Now, it will be the responsibility of the buyer to pay all the charges beyond this point.

Related Full Forms:

  1. What is the full form of DBS ?
  2. What is the full form of CRR ?
  3. What is the Full Form of NASDAQ ?
  4. What is the Full Form of TAN ?
  5. What is the Full Form of ECC ?

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

New Additions

  • What is the Full Form of BEL ?
  • What is the Full Form of BHEL ?
  • What is the Full Form of MTNL ?
  • What is the Full Form of BSNL ?
  • What is the Full Form of LTE?
  • What is the Full Form of 4G?
  • What is the Full Form of 3G?
  • What is the Full Form of TDS?
  • What is the Full Form of ATS?
  • What is the Full Form of GST?

Categories

  • Education
  • Exams
  • Finance
  • General
  • Internet
  • IT
  • Medical
  • Organization
  • Technology
  • Uncategorised

Copyright © 2023 · Full Form Directory · Contact Us · About Us · Privacy