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f.o.b.

English translation: free on board


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20:53 Oct 30, 2011
German to English translations [PRO]
Bus/Financial - Business/Commerce (general) / oil field
German term or phrase: f.o.b.
I have already looked at the entries for f.o.b. but do not think they necessarily fit this context so I wanted to ask it again. Let me know if I should have used those though I thought it'd be better to get a second opinion.

content: cost analysis for an oil field

12$/bbl Brent f.o.b.; 1.50DM/$

Die fuer den LC durchgefuehrten Wirtschaftlichkeitsberechnungen ergaben, dass ausgehend von einem "Crashfall" die Lebensdauer des Feldes Ruehlermoor im Jahr 2013 und einer Produktion von 1.437 kt (share) erreicht ist.

I found that Brent could mean a type of oil (brent crude oil) but am still unsure of f.o.b..

Thank you as always!
Martha Oschwald
Finland
Local time: 22:47
English translation:free on board
Explanation:
It means the cost delivered to the tanker.
Selected response from:

philgoddard
Local time: 14:47
Grading comment
Thank you for the confirmation that f.o.b. is indeed correct though the answerer should please note discussion commentary on previous entries.
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +9free on boardphilgoddard


Discussion entries: 2





  

Answers


43 mins   confidence: Answerer confidence 5/5 peer agreement (net): +9
free on board


Explanation:
It means the cost delivered to the tanker.

Example sentence(s):
  • Last month, the producer sold the single October cargo on a cost-and-freight (C&F) basis which worked out to a premium of around $8.30 a barrel to dated Brent free-on-board (FOB) Australia, after deducting freight.

    Reference: http://af.reuters.com/article/energyOilNews/idAFL3E7KQ23S201...
philgoddard
Local time: 14:47
Specializes in field
Native speaker of: English
PRO pts in category: 61
Grading comment
Thank you for the confirmation that f.o.b. is indeed correct though the answerer should please note discussion commentary on previous entries.

Peer comments on this answer (and responses from the answerer)
agree  Manuela Junghans
25 mins

agree  Coqueiro
58 mins

agree  David Hollywood: good ol' INCOTERM
1 hr

agree  casper
6 hrs

agree  Carolyn Brice
10 hrs

agree  Steffen Walter
11 hrs

agree  Sybille
11 hrs

agree  dkfmmuc
13 hrs

agree  Horst Huber
19 hrs
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Changes made by editors
Oct 31, 2011 - Changes made by casper:
FieldScience => Bus/Financial
Field (specific)Geology => Business/Commerce (general)


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