Dictionary of Procurement Terms

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Search Results: 1-1 of 1 result for “Free on Board (F.O.B.) Origin, Freight Prepaid and Allowed”
  • Free on Board (F.O.B.) Origin, Freight Prepaid and Allowed

    Title to the goods passes from the supplier to the agency at Point of Origin and supplier pays and bears the freight expense. Agency owns goods in transit and files claims, if any.