F.O.B.
Defined in 3 places across 2 titles — 2 distinct definitions of the United States Code.
The term “F.O.B.” means free on board, regardless of the mode of transportation, at the point of direct shipment by the seller to the buyer.
Same definition in 2 sections
- 1999–present7 U.S.C. § 1635AAgriculture · Definitions · in this subchapter
- 1994–present19 U.S.C. § 3332Customs Duties · Rules of origin · for purposes of this section
The term “F.O.B.” means a value consisting of all charges payable by a purchaser, including those charges incurred in the placement of merchandise on board of a conveyance for shipment, but does not include the actual shipping charges or any applicable export charges.
Source
- 2008–present19 U.S.C. § 1683Customs Duties · Definitions · in this subtitle