A shipping term indicating that the seller retains responsibility, ownership, and risk of loss for goods until they are delivered to the destination specified in the contract. The seller is responsible for transportation costs and any damage or loss that occurs before delivery.
FOB Destination
A shipping term under which the seller retains ownership and risk of loss until goods reach the specified destination.
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Related Glossary Terms
The official compilation of permanent U.S. federal laws, providing the statutory basis for many contracting requirements.
A global classification system used to categorize products and services for procurement and spend analysis.
A unique 12-character identifier assigned via SAM.gov to organizations doing business with the federal government, replacing the DUNS number.
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