What does FOB stand for

[Willy P]

See alot of adds for hay for sale and some say FOB,what does that stand for? Just curious Thanks

 

[Duner Wi]

Free on Board

 

[souNdguy]

Also known as 'Freight on board'

as well as what dunner posted.

has to do with who usually pays loading.. etc..

Soundguy

 

[rrlund]

I thought it was more like "from our base". In other words,that's the price here. Shipping extra.

 

[Bob]

It basically means YOU, the buyer, pays the freight FROM the seller's location TO your location.

 

[Anonymous-0]

EXAMPLE : hay for sale $1o.oo per ton F O B . means $10.00 per ton at the location of hay.

 

[souNdguy]

Not that wiki is such a gret info source.. however it does get close many timese.. Here's some info, as turned up by a google search..

Soundguy
google turns this up on wiki-FOB

 

[rrlund]

From the looks of that then,everybody's right in one way or another. That's the price where it sits.

 

[Anonymous-0]

Freight On Board . The buyer arranges the collection of the item, it is your or the carriers responsibility after that.

 

[noncompos]

That Wikipedia piece is weird; I gotta read that 2-3 more times..
As to 20"s-30"s-40s etc US usage, when most anything heavy or bulky went wholly or partially by rail, it was an industry term abbreviation for "Fare On Buyer", meaning the FOB price was at the mfr or warehouse, and the buyer paid shipping costs. The fine points of who was responsible for damaged goods was always a hassle, but I believe obviously damaged goods, when seen at the RR depot, could be refused on those grounds without any buyer liability.

 

[Coloken]

I think every body missed the question for me, "does the seller load the hay"? Course it means at the seller place, but it used to mean that the seller loaded it on the carrier.

 

[Tramway Guy]

If the terms are "F.O.B. Factory", it means that the seller will load it and then their responsibility ends. It becomes the trucker's or the new owner's problem in case there is a loss during transit.
Yes, it means "Free on Board"....
Goods can be sold F.O.B. destination; F.O.B. nearest terminal; F.O.B. delivered; or whatever the buyer and seller can agree on.

 

[Anonymous-0]

At summer camp the kids get F.O.B. time. Feet On Bed. I wish myself and the other staff could get a little Feet On Bed time.

 

[David, Surrey UK]

Another vote for "Free On Board".

I understand it to mean that they'll load it for you at the factory gate or whatever, but you have to transport it at your own cost. In other words, delivery is not included.

I assume it goes back to the days when shipping actually involved ships!

David

 

[Pooh Bear]

FOB = From Off Back.
They will load it on the truck and send it on its way.
When it gets to your place it is your responsibility to unload it
The delivery drivers responsibility stops at the back of the truck.
FOB is usually used for big items that require a forklift to unload.
Or sometimes the hauler just has a no touch policy for freight.
Any stuff that requires heavy lifting can be shipped FOB.

It just means when it gets there you have to unload it.

Pooh Bear

 

[Anonymous-0]

It is Free On Board. The FOB may be stipulated as anywhere along the route from seller to buyer. FOB Supliers plant = shipping is buyers cost and buyers arrangement. FOB railhead in your town = means supplier will ship by rail to your town and you (buyer) will have to pick it up at railhead and transport to your farm at your expense. Tom

 

[Goldman]

It actually involves legal-sleaze....Freight on Board, or Free on Board, then Ship Point or destination....the term dictates when title (ownership) to the goods changes from buyer to seller and is seperate from who pays shipping....so "caveat emptor" and don't use loosely.

(not a lawyer, just a remnant brain factoid from B-school and the UBC)

 

[john in la]

FOB is a term used to tell you when you own the product. Freight on board. Once it is loaded at the shippers expence (why many think it is free on board)you own the freight. Any charges incured from this point on are yours.

 

[tg in VA]

If you are going to purchase hay FOB and you want the loading included, then tell the seller you you will purchase it FOB his farm and you understand that includes the seller loading your conveyance. If the seller thinks FOB means that you load the hay, he will have to tell you that and it will give you a negotiating point.

 

[billyiron]

freeeking off breed sheeeeet