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 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).