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| French
Equivalent: Prix f.a.b. |
| Definition: |
The f.o.b. price (free on board price) of exports and imports of goods is the market value of the goods at the point of uniform valuation, (the customs frontier of the economy from which they are exported).
It is equal to the c.i.f. price less the costs of transportation and insurance charges, between the customs frontier of the exporting (importing) country and that of the importing (exporting) country.
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| Source
Publication: |
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SNA 14.36 and 14.40 [15.36] and International Merchandise Trade Statistics, Concepts and Definitions, United Nations, New York, 1998, Studies in Methods, Series M, No. 52, Rev. 2, page 35, para. 5.
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| Statistical
Theme: International trade statistics |
| Created
on Tuesday, September 25, 2001 |
| Last
updated on Wednesday, March 05, 2003 |
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