Shipping Glossary
F.O.B.Free on Board. Shipped under a rate that includes costs of delivery to and the loading onto a carrier at a specified point |
F.O.B. Freight AllowedThe same as F.O.B. named inland carrier, except the buyer pays the transportation charge and the seller reduces the invoice by a like amount |
F.O.B. Freight PrepaidThe same as F.O.B. named inland carrier, except the seller pays the freight charges of the inland carrier |
F.O.B. Named Point of ExportationSeller is responsible for the cost of placing the goods at a named point of exportation |
F.O.B. VesselSeller is responsible for goods and preparation of export documentation until actually placed aboard the vessel |
F/CCfull / complete cargo |
F/OFirm order |
FACForwarding agent's commission |
FACCOPFast as can, custom of the port |
FactorAn agent who will buy receivables at a discount |