What is FOB ? What does it mean in shipping Industry ? | Citizenshipper

What is FOB? What does it mean in the Shipping Industry? | Citizenshipper

FOB is a term in the shipping industry, which is a short version for Free On Board. Historically it described the transfer of title and liability from buyer to seller and was used just for goods transported by sea. Since then, the term has expanded, and FOB includes all transportation types, and it’s important to Read more about What is FOB? What does it mean in the Shipping Industry? | Citizenshipper[…]