Define tram: any of various vehicles: such as; a carrier that travels on an overhead cable or rails; streetcar â tram in a sentence any of various vehicles: such as; a carrier that travels on an overhead cable or rails; streetcarâ¦
Best Answer: Free on board(freight on board) price means a price which includes goods plus the services of loading those goods onto some vehicle or vessel at a named location, sometimes put in parentheses after the f.o.b. example: fob(shipping point)-means the price is good only till the loading /shipping area.
# Free on board (FOB). An acronym for free on board when used in a sales contract. The seller agrees to deliver merchandise, free of all transportation expense, to the place specified by the contract. After delivery is complete, the title to all the goods and the risk of damage become the buyer's.