Maritime Abbreviation

FOBAbbr

Free on Board — an Incoterms term in which the seller's obligation ends once goods pass over the ship's rail.

Related maritime terms

Ferry— A vessel operating a regular scheduled service carrying passengers and/or vehicles between… FEUAbbr— Forty-foot Equivalent Unit — a capacity measure based on one standard 40 ft container. FIOAbbr— Free In and Out — freight condition under which the charterer pays all loading and dischar… Flag State— The country in which a vessel is registered and whose laws govern its operation. Force majeure— A contractual clause excusing non-performance caused by extraordinary events outside eithe… FPSOAbbr— Floating Production, Storage and Offloading vessel — an offshore facility that produces, s… Freeboard— The vertical distance from the waterline to the upper deck edge at the vessel's side amids… Freighter— A general term for a commercial cargo-carrying vessel.

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