“Free on Board” (or F.O.B.) is an international trade term that means that the seller is considered to have delivered the goods (i.e. they change title to the buyer) as soon as they pass the ship’s rail at the named port of shipment.  For example, the term “FOB Miami” would mean that the goods are considered delivered as soon as they are loaded onto a ship in the port of Miami for export to their destination.  As soon as the goods change title, the buyer is responsible for bearing costs and risks of loss or damage to the goods from that point.  The FOB term requires that the seller arrange the clearance of the goods for export – This trade term definition brought to you courtesy of trade leads from our business to business marketplace Sharpe’s Peril movie download Semi-Pro .

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