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(The buyer will record freight-in and the seller will not have any delivery expense.) Since the buyer takes ownership at the point of departure from the supplier's shipping dock, the supplier should record a sale at that point. Freight on Board Shipping Freight or free on board shipping point means that a company is allowing the purchaser or customer to assume the responsibility as soon as the goods have left the seller’s warehouse or business location. FOB shipping point is the short form for “Free on Board Shipping Point.” When the term is used in shipping, the goods are considered delivered immediately they depart from the seller’s shipping port. Make sure yours are in order with Debitoor. The acronym FOB, which stands for "Free On Board" or "Freight On Board," is a shipping term used in retail to indicate who is responsible for paying transportation charges. The acronym FOB, which stands for "Free On Board" or "Freight On Board," is a shipping term used in retail to indicate who is responsible for paying transportation charges. Consequently, the buyer assumes responsibility and ownership of the goods from that point onwards. FOB stands for "free on board" or "freight on board."

A variation on FOB shipping point is were the seller for convenience prepays the shipping cost and recovers this from the buyer at a later date. Ownership changes when items are shipped. The term “freight on board” originated from the days of sailing ships when goods were “passed over the rail by hand,” as defined in Incoterm.

The term means that the buyer takes delivery of goods being shipped to it by a supplier once the goods leave the supplier's shipping dock.

It is the location where ownership of the merchandise transfers from seller to buyer. It is a contractual term and it indicates several things. The term’s usage has changed since then, and its definition varies from one country and jurisdiction to another. ‘FOB (Free On Board) Shipping Point’ is a shipping term that means that ownership of goods is transferred to the buyer as soon as the public carrier accepts the goods from the seller Starting and maintaining solid, professional sales practices is essential for the growth of a business. Freight or free on board shipping point means that a company is allowing the purchaser or customer to assume the responsibility as soon as the goods have left the seller’s warehouse or business location. Terms indicating that the buyer must pay to get the goods delivered. … The term FOB shipping point is a contraction of the term "Free on Board Shipping Point."

FOB shipping point definition Terms indicating that the buyer must pay to get the goods delivered.