Transportation Program Glossary (James Depow)
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FOBFree On Board. Loaded aboard a carrier's vehicle and at which point the responsibiltiy for risk and expense (ownership) passes from seller to buyer. Example:a) For a shipment sent FOB origin, Toronto to Fredericton, the transfer of ownership passes to the buyer once the freight is loaded onto the carrier's vehicle. | |
Fifth WheelA device used to connect a truck tractor to a semi-trailer that permits articulation (turning of the units relative to each other in the horizontal plane) between the units. It is generally composed of a trunnion plate and latching mechanism mounted on the truck tractor, and a king-pin assemble mounted on the semi-trailer.
Coutesty of : Kenworth (http://www.kenworth.com/6100_pre_mor.asp?file=1513) | |
Free On BoardLoaded aboard a carrier's vehicle and at which point the responsibiltiy for risk and expense (ownership) passes from seller to buyer. Example:a) For a shipment sent FOB origin, Toronto to Fredericton, the transfer of ownership passes to the buyer once the freight is loaded onto the crrier's vehicle.b) If the same shipment is sent FOB destination, the transfer of ownership does not happen until the freight is unloaded at the receiver's (consignee). | |
Free Time | |