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 is only used in non-containerized sea freight or inland waterway transport. FOB terms do not define transfer of ownership of the goods. The term FOB is also used in modern domestic shipping within the USA to describe the point at which a seller is no longer responsible for shipping cost. Ownership of a cargo is independent from Incoterms.