what does freight on board mean
FOB (Free On Board) is a term in United States and international commercial law specifying at what point the seller transfers ownership of the goods to the buyer.nternational shipments typically use FOB as defined by the Incoterms standards, where it always stands for free on board. Domestic shipments within the United States or Canada often use a different meaning, specific to North America, which is inconsistent with the Incoterms standards.