Inventory and Warehousing · Odoo glossary

Free on Board (FOB)

An Incoterms rule for sea or inland waterway transport under which delivery occurs when goods are placed on board the vessel at the named port of shipment.

Definition

In general ERP practice

An Incoterms rule for sea or inland waterway transport under which delivery occurs when goods are placed on board the vessel at the named port of shipment.

In Odoo

For an Odoo sales or purchasing workflow, record the agreed delivery term consistently with the contract and transport documents. Record the named port and agreed Incoterms version. FOB allocates delivery responsibilities and risk; it does not itself determine ownership transfer or payment terms.