/fɑb/ – abbreviation
Definition: FOB: Free on Board – Người bán chịu trách nhiệm cho hàng hóa cho đến khi chúng được tải lên tàu hoặc phương tiện vận chuyển khác.
A more thorough explanation: (ABBREVIATION) phrase that identifies the seller as responsible for arrangements to export goods and the buyer as responsible for payment to transport goods once they are loaded on the ship
Example: The negotiations ended when the seller insisted that the goods be FOB because the buyer refused to bear the costs for shipping the goods.