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08:14 Apr 30, 2001
Spanish to English translations [PRO] Bus/Financial
Explanation: Try to get information from your client. It is very often, particularly in Latin America, that people talk about Free On Board when they should really say Free On Truck. Obviously, if manufacturing plant is not on the coast or river bank, then you should not use the term FOB which is used only for ships. Hope this helps. Good luck!
FJPN Spain Local time: 18:04 Native speaker of: Spanish PRO pts in pair: 116
Free on board your plant
Explanation: L.A.B. means Libre a Bordo, it normally refers to Free on Board in a port, i.e. once the merchandise is on the ship. They obviously mean Free on Board a lorry departing from their plant. Payment terms are normally related to this fact. Letters of Credit are normally always authorised or deposited once the merchandise is FOB (Free on Board).
Jenette Holyoak United Kingdom Local time: 17:04 Native speaker of: English PRO pts in pair: 351
1.F.O.B (Free on Board Free On Board: point during transportation where title, transport costs, risk, etc. transfer from seller to another party (e.g. FOB Truck, FOB Vessel, FOB Warehouse). See also FAS, FOR, FOT. Also "Freight On Board
2.F.O.R. (Free on Rail):Free On Rail: point during transportation where title, transport costs, risk, etc. transfer from seller to another party (see also FOB, FOT).
3. F.O.T. (Free on Truck) -Free On Truck: point during transportation where title, transport costs, risk, etc. transfer from seller to another party (see also FOB, FOR).