what is fob in retail
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.OB, stands for free on board so there is no line item payment by the buyer for the cost of getting the goods onto the transport. There are two possibilities: FOB Origin, or FOB Destination. FOB Origin means the transfer occurs as soon as the goods are safely on board the transport.