Sean,

I believe that FOB stands for FREE ON BOARD. The devil is in the details. The acronym "FOB" has to be accompanied by a shipping point. From THAT point on, it is the buyers responsibility. Use the terminology carefully when negotiating the deal.

Specifically, the definition reads as follows:

"A trade term requiring the seller to deliver goods on board a vessel designated by the buyer. The seller fulfills his obligations to deliver when the goods have passed over the ship's rail.

When used in trade terms, the word "free" means the seller has an obligation to deliver goods to a named place for transfer to a carrier."

Now days, you should insure AND take pictures or video before it goes out the door or gets opened at the destination.....


Tailwinds,

John