What does F.O.B. stand for?
When a Thomson-Shore estimator quoted your project it was most likely quoted F.O.B. Origin, freight prepaid and charged back. In simple terms, F.O.B. (Free On Board) refers to the responsibility for freight cost and transit risk. F.O.B. origin means that under the terms of sale the buyer bears all freight and associated charges, owns the goods in transit, and is responsible for any claims that may arise as a result of transit.
