GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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19:32 May 23, 2002 |
Italian to English translations [PRO] Bus/Financial | |||||||
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| Selected response from: Daniela McKeeby United States Local time: 01:28 | ||||||
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Summary of answers provided | ||||
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5 | f.o.b. |
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4 | ex our works, loaded on truck |
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f.o.b. Explanation: (also F.O.B.) free on board: without charge to the buyer for goods placed on board a carrier at the point of shipment. It can be f.o.b. factory, port, etc. The opposite is CIF (cost, insurance, and freight) used by the seller to indicate that the price quoted includes the cost os merchandise, packing and freight to a specific destination plus insurance charges. -------------------------------------------------- Note added at 2002-05-23 22:59:51 (GMT) -------------------------------------------------- you usually use the name of the city where the factory is located, not the name of the factory, unless the seller specifies otherwise |
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ex our works, loaded on truck Explanation: It is more literal, but correct! If you use fob you have to add the town where the factory is! rgrds anusca |
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