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.nder the Incoterms 2010 standard published by the International Chamber of Commerce, FOB is only used in non-containerized Sea Freight, and also defines ownership transfer. The owner of the goods is responsible for damage or loss during transport, so the point of ownership transfer is important.