F.O.B.

F.O.B. and International Trade Economy

In relation to international trade economy, Christopher Mark (1993) provided the following definition of F.O.B.: An abbreviation (for “free on board”) used in international trade statistics and sales contracts; a method of valuing traded goods that includes the cost of transportation to the port of embarkation and the cost of loading the goods on a vessel, but does not include further shipment or insurance costs. Export data are usually reported in f.o.b. terms.