As a general term, FOB means ‘Freight On Board’ or ‘Free On Board’ as it is more generally used in international shipping. This means that the seller will pay for the goods to be loaded onto the vehicle of transport. The term FOB can be used to clarify which part of the shipment is being paid for by the supplier and which part is to be paid for by the purchaser. For instance FOB, (port of loading) indicates that the seller will pay...