What Does FOB Mean in Freight Shipping?

FOB is the acronym for “Free on Board” or “Freight on Board” and is an internationally recognized commerce term.  If you need to buy or sell goods from another country everyone involved in your commercial transaction will know how to define FOB.   

What is a Bill of Lading?

If you are in a business where you need to ship your goods from A to B you are going to have to deal with a lot of paperwork and bureaucratic systems. Possibly the most important document you will need is a Bill of Lading (BOL acronym). For this reason, you need to know what it is, what it contains and why it is so important to understand it.

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