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TeachMeFinance.com - explain free on board free on board -- Commercial term under which the seller's obligations are fulfilled when the goods reach a point specified in the contract. For example, "F.O.B., Seller's Warehouse" means that the buyer assumes all costs and risks in moving the goods from the seller's warehouse. historic definition... Free on board -- Grain or goods delivered free on board car or vessel ; that is, with all charges paid or included up to that time. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.