What does FOB mean in British?
fob in British English (fɒb ) noun. a chain or ribbon by which a pocket watch is attached to a waistcoat. any ornament hung on such a chain.
What is the word origin of FOB?
The term may have originated from watch fobs, according to Webopedia, an online dictionary for words related to computer and Internet technology. Coming from the low German dialect for the word Fuppe, meaning “pocket,” watch fobs were around as early as 1888.
What does CIF and FOB mean?
The abbreviation CIF stands for “cost, insurance and freight,” and FOB means “free on board.” These are terms are used in international trade in relation to shipping, where goods have to be delivered from one destination to another through maritime shipping. The terms are also used for inland and air shipments.
What does FOB mean in Qatar?
FREE ON BOARD (FOB) means that the seller delivers the goods to the buyer on board the vessel nominated by the buyer at the named port of shipment or procures the goods already so delivered.
What is difference between CIF and FOB?
The abbreviation CIF stands for “cost, insurance and freight,” and FOB means “free on board.” These are terms are used in international trade in relation to shipping, where goods have to be delivered from one destination to another through maritime shipping.
What is a FOB Indian?
FOB: Fobs are immigrants a.k.a. Fresh off the boat. How to tell a Fob – You speak your native language fluently and so do all your friends. You do not have any non-Indian friends. When you speak English, you like to make everything plural (Hairs, Popcorns, or Furnitures)
Is CIF better than FOB?
The advantage of buying FOB is that the buyer can get better deals on freight services, unlike in CIF where the buyer has to rely on the freight services chosen by the seller. This is because the seller might be looking to make profit from the freight services. The buyer therefore makes profit from buying FOB.
