FOB price definition

FOB price means the price paid to the exporter for the product when the goods pass the ship´s rail at the named port of shipment, thereafter, the importer assumes all the costs including the necessary expenses to the shipment;

FOB price means the cost of the equipment delivered free on board the ship or truck or aircraft, all port charges and handling charges (also heavy lift if applicable) included.The contractor must insure the material against all risks from the time it leaves the works until it is placed F.O.B

FOB price means the free-on-board value of the goods as defined in Article 25. FOB price shall be determined by adding the value of materials, production cost, profit and other costs.

Examples of FOB price in a sentence

• The Indian Agency commission will be payable only on FOB prices of goods and it should be quoted as a percentage of the FOB price.

• FOB price includes inland transportation to the port of exportation, inland insurance, handling, and loading charges.

• Statements or modifications that deviate from the Invitation’s terms, conditions, specifications and requirements (such as altering delivery, changing F.O.B., price list changes, etc.) may render the bid non-responsive if the Director determines that the deviation or modification affects the amount of the bid or results in a competitive advantage for the bidder.

• The contractor must insure the material against all risks from the time it leaves the works until it is placed F.O.B "C&F price" shall mean F.O.B. price plus freight including unloading at the port of destination.

• Balance payment of 10 % of net FOB price of goods would be made against ‘Final Acceptance Certificate’ as per Section XVIII to be issued by the consignees through irrevocable, non-transferable Letter of Credit (LC) opened in favour of the Foreign Principal in a bank in his country, subject to recoveries, if any.

More Definitions of FOB price

FOB price means the price delivered U.K. port;

FOB price means the free-on-board value of the goods as defined in Article 25. FOB price shall be determined by adding the value of materials, production cost, profit and other costs. 3. Member States shall determine and adhere to only one (1) method of calculating the RVC. Member States shall be given the flexibility to change their calculation method provided that such change is notified to the AFTA Council at least six (6) months prior to the adoption of the new method. Any verification to the ASEAN Value Content calculation by the importing Member State shall be done on the basis of the method used by the exporting Member State.

FOB price means the free on board value at the Natural Terminal Port of grain of the same type and grade as the Grain;

FOB price has the meaning and value given to that term in Clause 9.2.

FOB price means the entire mount received by FIRST YEARS for the sale of Products manufactured outside the Territory sold F.O.B. the point of delivery outside the Territory.

FOB price the amount calculated in accordance with Clause 11.1.5 of Part B of Schedule 2 in respect of the relevant cargo; FOB SCQ: each scheduled contract quantity of LNG (in MMBtu) scheduled for loading under the FOB ADP or FOB Ninety Day Schedule, as applicable; FOB Specifications: as defined in Paragraph 12.1 of Part A of Schedule 4; Foundation Customer: any customer of Project Co, that enters into an LNG purchase agreement with an annual contract quantity of no less than zero decimal seven (0.7) million metric tonnes per annum of LNG on a firm basis from the Corpus Christi Facility, with a minimum term of twenty (20) years; provided, however, that the Transporter shall not be a Foundation Customer with respect to LNG subject to the terms of this Agreement regardless; provided, further, however, that nothing in this Agreement shall prejudice the Transporter’s status or rights as a Foundation Customer pursuant to any other LNG purchase agreement with Project Co;

FOB price. The FOB Price for the deliveries for coal of 11,800 BTU/lb (as received basis) shall be calculated using the formula described below: The formula should take in consideration the price of the four (4) nearest markets accessible to Puerto Rican Cement. Those markets have different characteristics as follow: BTU's Sulphur ----- ------- United States - Gulf Coast 12,500 1.0% Colombia - Pto. Bolivar 12,000 0.7% Colombia - Santa Martx 11,800 0.8% Venenzuela - Maracaibo 12,600 0.8% The prices to be used should be those reported in the Coal Week International publication of the day of departure from the loading port, or the last publication of that week. The formula should consider the prices of the four established markets in the week of the shipment and the prices of the preceding three weeks of the shipment. The purpose of using all those prices is to neutralize any dramatic change of the market.