Examples of FOB Terms in a sentence
F.O.B. Terms - Quote F.O.B. Destination Freight Prepaid and Allowed.
In the case of delivery under FOB Terms, late performance shall not exceed seven (7) Business Days.
An order/contract is not effective until: (1) an MCX buyer decides to purchase merchandise from your firm, (2) you and the buyer negotiate all "Vendor-specific terms" such as accepted items, prices, discounts and allowances, the FOB terms as described in the Logistics section Transportation FOB Terms of this document, (3) MCX issues an order to your firm reflecting these negotiated terms, and (4) you accept or begin performance (i.e., fill the first order).
For the purpose of, and except to the extent modified in, these SICOM TSR 20 Rubber Contract Specifications, all expressions used in the Warehouse Delivery Terms and the FOB Terms, if not otherwise therein defined, shall bear the respective meanings ascribed to them by standard rubber industry practice.
In the case of delivery under FOB Terms, for the purposes of determination of the respective rights and obligations of the Buying Member and the Selling Member, notwithstanding the fact that separate Bills of Lading may be issued for different Units in a Delivery Lot or if separate Units of a Delivery Lot are packed into different Containers, such Bills of Lading or separate Containers as the case may be, shall not result in separate and distinct contracts in respect of each such Delivery Lot.
Unless otherwise agreed, in respect of delivery under FOB Terms, the Selling Member shall be responsible for obtaining all necessary governmental clearance in respect of the exportation of the TSR 20 Rubber out of the Port of Loading and the Buying Member shall be responsible for obtaining all necessary governmental clearances in respect of the import of the TSR 20 Rubber into the Port of Discharge.
An order/contract is not effective until: (1) an MCX buyer decides to purchase merchandise from your firm, (2) you and the buyer negotiate all "Vendor-specific terms" such as accepted items, prices, FOB terms as described in the Logistics section Transportation FOB Terms of this document, discounts and allowances, (3) MCX issues an order to your firm reflecting these negotiated terms, and (4) you accept or begin performance (i.e., fill the first order).
In respect of delivery under FOB Terms where the Port of Singapore is the Port of Loading, the Selling Member shall be entitled by prior written notice to the Buying Member to deliver to any Warehouse at the Port of Singapore in the event that the vessel or any alternate vessel nominated by the Buying Member is not able to complete loading in time for the Selling Member to comply with Section 6.10.4.
In the case of delivery under FOB Terms, for the purposes of determination of the respective rights and obligations of the Buying Member and the Selling Member, notwithstanding the fact that separate Bills of Lading may be issued for different bales in a Delivery Lot or if separate bales of a Delivery Lot are packed into different Containers, such Bills of Lading or separate Containers as the case may be, shall not result in separate and distinct contracts in respect of each such Delivery Lot.
Unless otherwise agreed, in respect of delivery under FOB Terms, the Selling Member shall be responsible for obtaining all necessary governmental clearance in respect of the exportation of the RSS 3 Rubber out of the Port of Loading and the Buying Member shall be responsible for obtaining all necessary governmental clearances in respect of the import of the RSS 3 Rubber into the Port of Discharge.