☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Free on Board

A commercial term (FOB) indicating the point at which the seller's obligation ends and the buyer assumes risk of loss and cost of transport. FOB origin means the buyer bears risk from the seller's location.

Category: Maritime Law · Source: UCC §2-319
0 terms published 0 awaiting endorsement
Propose a New Term

Submit a term for the community. Two endorsements from other members will publish it.

Per page: