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LSDefine

Simple English definitions for legal terms

free on board

Read a random definition: writ of deceit

A quick definition of free on board:

Free on board (FOB) is a term used in business contracts for buying and selling goods. It means that the seller is responsible for getting the goods ready for export, and the buyer is responsible for arranging transportation. When the goods pass the transporter's rail, the seller's delivery is complete, and the buyer takes on the risk of loss. The buyer is also responsible for paying all transportation costs.

A more thorough explanation:

Definition: Free on board (FOB) is a term used in business contracts that outlines the responsibilities of the buyer and seller regarding the delivery, payment, and risk of loss of goods. The seller is responsible for clearing the goods for export, while the buyer arranges for transportation. The seller's delivery is considered complete when the goods pass the transporter's rail, and the buyer is responsible for all costs of carriage.

Example: A company in China sells 1000 widgets to a company in the United States. The contract states that the terms are FOB Shanghai. This means that the Chinese company is responsible for clearing the widgets for export and delivering them to the port in Shanghai. Once the widgets are loaded onto the ship, the delivery is considered complete, and the risk of loss passes to the US company. The US company is responsible for all costs of transportation from Shanghai to their warehouse.

Explanation: This example illustrates how FOB works in an international business transaction. The Chinese company is responsible for getting the widgets to the port, but once they are loaded onto the ship, the US company takes over responsibility for the goods. This means that if anything happens to the widgets during transportation, the US company is responsible for any losses or damages.

free of all average | free port

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18:39
Yeah I would delay as long as you have plausible deniability
TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
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