F.O.B. ?

[pete-c]

Here's a quick one for someone to hopefully confirm.  Am I right in thinking that F.O.B. may be Forward Operating Base?  A copy of a document in my possession has the following regarding aero engines:

 

'Packed and delivered F.O.B. English Port.'   and also:  'Packed and delivered F.O.B. London.'

 

Anyone ever come across this acronym before?

[glenfamily]

in transportation terms, FOB usually means "free on board", basically determining when ownership of the material transfers.  in this case, it is probably at the English Port.

[Ron Clifton]

It does indeed mean "free on board", which indicates that no further charges needed to be paid when the recipient collected the goods. The opposite is CIF which means "carriage, insurance and freight" to be paid by the recipient.

 

Ron

[pete-c]

I must admit I did come this definition but for some reason dismissed it!   With reference to my document this would in deed make sense.

 

Thanks to you both.