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.
References and further reading
Official background for the related subject and implementation context.
Related glossary terms
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