What Is Freight On Board Mean - Web freight on board, also known as free on board, refers to a set of incoterms that govern who owns and pays for a shipment when traveling overseas. Although its original definition was used exclusively for seafaring transport, modern use of the term can be applied to all shipment modes of transit.
Although its original definition was used exclusively for seafaring transport, modern use of the term can be applied to all shipment modes of transit. Web freight on board, also known as free on board, refers to a set of incoterms that govern who owns and pays for a shipment when traveling overseas.