Posted ByLL on December 15, 2003 at 18:08:09:
In Reply to: Definition of F.O.B. posted byTEADJones on December 15, 2003 at 15:33:17:
: When Jack tries to sell his Maxwell to FA, he says an amount and then "F.O.B." ("for ole Benny"). Anyone know what that means?
It's an accounting term:
F.O.B. (FREE ON BOARD), e.g. “F.O.B New York”, is where the importer would pay all costs for shipping from one point (New York) on to the final destination.