Examples of FOB value in a sentence
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.
In case the firm wants confirmed Letter of Credit, the charges shall be borne by the firm.i) 80% of FOB value of equipment & spares will be released at sight of shipping documents along with DGMS approval if required.ii) Balance 20% of FOB value of the equipment along with 100% charges for erection & commissioning of the equipment, if any, will be released after successful erection, commissioning and testing as specified in the order.
For every day exceeding permissible downtime, penalty of 1/365 of the 5% FOB value will be imposed.
NOTE:- Mine owners are required to substantiate domestic sale value/ FOB value for each grade of ore quoted above with copy of invoices.
In the case of goods exported from and imported by Cambodia and Myanmar, the FOB value shall be included in the Certificate of Origin or the back-to-back Certificate of Origin for all goods, irrespective of the origin criteria used, for two (2) years from the date of entry into force of the First Protocol or an earlier date as endorsed by the Committee on Trade in Goods.