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French Equivalent: Prix f.a.b.

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.

Source Publication:
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.

Cross References:
Cif price


Statistical Theme: International trade statistics

Created on Tuesday, September 25, 2001

Last updated on Wednesday, March 5, 2003