tty iron ore price will surprise on the upside, page-18

I think it was the Dutch mariners who first used the term FOB when cargo was transferred from one country to another, back then it was things like tobacco and spices, it was an official stamp on the bill of laden, manifest, it has since been carried through to present day in the shipping industry, when companys report on thier financial statements, profit and losses and expenditures you will often see the term FOB next to GST in the small print related to cost, if your wondering whats this got to do with the price of Iron Ore i can tell you, Absolutely nothing, but Empress2 summed it up just nicely when she said it means

F Full
O of
B bill#hit