pablo
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saw an ad for a car that said it was sold on an FOB basis. anyone know what this means? It was quite cheaply priced too.
FOB?
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pablo
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really?
its an import so maybe its still in japan?
its an import so maybe its still in japan?
What does F.O.B. factory or shipping point mean?
F.O.B. means "Freight on Board" or "Free on Board". What that means is ownership of the merchandise is transferred the moment the freight carrier signs the freight bill. The freight company is responsible for exactly what they signed for. Under the terms, they agree to deliver the specified quantity in tact and undamaged to the customer location. If they do not, the customer must file a freight claim to recover any loss or damage that occurs in transit.
If your gonna buy it.. make sure you take insurance out
F.O.B. means "Freight on Board" or "Free on Board". What that means is ownership of the merchandise is transferred the moment the freight carrier signs the freight bill. The freight company is responsible for exactly what they signed for. Under the terms, they agree to deliver the specified quantity in tact and undamaged to the customer location. If they do not, the customer must file a freight claim to recover any loss or damage that occurs in transit.
If your gonna buy it.. make sure you take insurance out
pablo
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balls to that.
seanbob
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Correct Meganecoupe - its Free On Board, i deal alot with import/export shipping so this term crops up daily, the person selling delivers it to the freight forwarders location (usually in the dock) and covers all costs to get it on board the sailing, its your responsibility then to cover the costs of the transit and getting it off at its destination as well as all VAT & Customs charges.
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