Definition: Free on board price

Category: SNA 1993

The free on board price (f.o.b. 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. http://ec.europa.eu/eurostat/ramon/statmanuals/files/SNA_1993_EN.pdf