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.
FOB (Free On Board) is a term in United States and international commercial law specifying at what point the seller transfers ownership of the goods to the buyer.OB, stands for free on board so there is no line item payment by the buyer for the cost of getting the goods onto the transport. There are two possibilities: FOB Origin, or FOB Destination.