Definition of FOB
Free on board some location (for example, FOB shipping point; FOB destination). A delivery term which requires a seller to ship goods and bear the expense and risk of loss to the F.O.B. point designated. The invoice price includes delivery at seller’s expense to that location. Title to goods usually passes from seller to buyer at the FOB location. U.C.C. § 2-319(1).
That's the definition of FOB in Black's Law Dictionary 6th Edition. Courtesy of Cekhukum.com.