Marine & LogisticsVerified
fob meaning in oil and gas
fob means FOB = "Freight On Board". FOB is an International Commercvial Term meaning "Freight On Board" and refers to shipments by Marine vessel from a named point of origin. This should not be confused with f.o.b. which…
Definition
FOB = "Freight On Board"
FOB is an International Commercvial Term meaning "Freight On Board" and refers to shipments by Marine vessel from a named point of origin. This should not be confused with f.o.b. which is a commonly US freight acronym referring to "freight on board" at the point of origin regardless of transportation mode.