Timothy Li is a consultant, accountant, and finance manager with an MBA from USC and over 15 years of corporate finance experience. Timothy has helped provide CEOs and CFOs with deep-dive ...

Typically when you see FOB in a document it's followed by a place name – Los Angeles, Marseilles or Miami, for example ... contract may simply say FOB shipping point or FOB destination.

Free on Board is a shipping term for the point in the supply chain when a buyer or seller becomes liable for the goods being transported. Free on Board (FOB) is a shipment term that defines the ...