Free On Board

1) A price quotation under which the exporter quotes a price that includes delivery of the goods on board the vessel. Subsequent risks and expenses are for the account of the buyer. 2) A transaction whereby the seller makes the product available within an agreed-on period at a given port at a given price. It is the responsibility of the buyer to arrange for the transportation and insurance. (DOE3) (DOE5) (TNDOT1) (USTTA1)

Cost of a product before transportation costs are figured in.