In the world of international trade, a common term that you may come across on invoices is FOB. But what exactly does FOB mean? In this article, we will delve into the concept of FOB, its definition, history, and importance in business transactions. We will also explore the different types of FOB and how to interpret it on an invoice. Furthermore, we will address some common misunderstandings about FOB and clarify its distinction from CIF and other Incoterms.