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SMSN 960.0 -2.439% TYT 2522.0 -0.8258% SMSD 822.0 0.489% SMSN 987.5 0.3557% RIGD 57.4 -0.1739% RIGD 57.5 1.0545% SHEL 2434.5 2.6565% AZN 10254.0 -0.2529% BHP 1746.5 -0.4843% HSBA 787.7 0.5361% ULVR 4749.0 1.3228% CYPC 40.8 0.0% RIO 4353.0 0.0115% LLPC 1.5015 -99.0% DGED 108.8 1.0871% BP 354.25 2.1629% SBID 89.8 0.4474% DGE 2078.0 2.0629% GSK 1345.5 -0.0371% REL 3915.0 0.4877%
SMSN 960.0 -2.439% TYT 2522.0 -0.8258% SMSD 822.0 0.489% SMSN 987.5 0.3557% RIGD 57.4 -0.1739% RIGD 57.5 1.0545% SHEL 2434.5 2.6565% AZN 10254.0 -0.2529% BHP 1746.5 -0.4843% HSBA 787.7 0.5361% ULVR 4749.0 1.3228% CYPC 40.8 0.0% RIO 4353.0 0.0115% LLPC 1.5015 -99.0% DGED 108.8 1.0871% BP 354.25 2.1629% SBID 89.8 0.4474% DGE 2078.0 2.0629% GSK 1345.5 -0.0371% REL 3915.0 0.4877%

Home » Glossary

Free On Board (FOB)

Updated on August 29, 2023

In the shipping industry, Free On Board is a term used in defining the liability of the shipment at a given point of time. It means the supplier of the goods holds the rights and liability of the shipment until that is loaded on the ship. And, when the shipment is loaded on the ship, the liability is transferred to the buyer. 

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