What Does Free on Board Destination Mean?

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What does Free on Board Destination mean? Read on to discover the definition & meaning of the term Free on Board Destination - to help you better understand the language used in insurance policies.

Free on Board Destination

Free on Board Destination

One of several standard terms used in contracts of sale to indicate responsibility for damage to goods during shipment. When goods are shipped free on board (FOB) destination, the seller's responsibility for the goods continues until they are delivered to the buyer in accordance with the contract terms.

We hope the you have a better understanding of the meaning of Free on Board Destination.

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