FOB value means the price actually paid or payable to the exporter for the good when the good is loaded into the carrier at the named port of exportation. The value includes the cost of the good and all costs necessary to bring the good into the carrier.
FOB value means the free-on-board value of the goods, inclusive of the cost of transport to the port or site of final shipment abroad;
FOB value or free-on-board value means the price actually paid or payable to the exporter for a product when loaded onto the carrier at the named port of exportation, including the cost of the product and all costs necessary to bring the product onto the carrier;
Examples of FOB value in a sentence
In case of imported items where the price is on F.O.B. value 90% will be paid against letter of credit.
Any loss of equipment or its accessories on account of theft, fire or any such reasons shall be the sole risk and responsibility of the firm who will compensate the Institute for such losses at FOB value of the damaged/lost equipment/part including accessories.
The F.O.B. value and the F.A.S. value include all expenses up to delivery at the Loading Port.
We shall pay a penalty equivalent to 0.1 % of the FOB value of the equipment for every week or part thereof delay in rectifying the defect.
For every day exceeding permissible downtime, penalty of 1/365 of the 5% FOB value will be imposed.
More Definitions of FOB value
FOB value means the price actually paid or payable to the exporter for a product when the product is loaded onto the carrier at the named port of exportation, including the cost of the product and all costs necessary to bring the product onto the carrier and the valuation shall be made in accordance with the Agreement on Customs Valuation;
FOB value means the free-on-board price paid to the exporter for the product when it leaves the named port of shipment. Thereafter, the importer will assume the costs including the necessary expenses for the shipment. The valuation shall be made in accordance with the Agreement on the implementation of Article VII of GATT 1994.
FOB value means the price actually paid or payable to the exporter for a good when the good is loaded onto the carrier at the named port of exportation, including the cost of the good and all costs necessary to bring the good onto the carrier and the valuation shall be made in accordance with the customs valuation agreement;
FOB value means the value of the good free on board, inclusive of the cost of transport (regardless of the mode of transport) to the port or site of final shipment abroad;
FOB value means the free-on-board value of the goods, inclusive of the costs of transport to the port or site of final shipment abroad; “fungible goods or materials” means goods or materials that are interchangeable for commercial purposes and whose properties are essentially identical;
FOB value means the freeonboard value of exported goods;
FOB value means a value consisting of all costs payable by a purchaser, including those incurred in the placement aboard the convey- ance for shipment, but not including the actual shipping costs and the amount of a charge payable under section 10.