When I was the Director of Purchasing at one of the BIG TEN schools, I dealt with the FOB business many times. FOB on a purchase order can be a minor item or a big expense. There is such a thing as FOB Dock. Ordered a heavy and expensive piece of equipment from Germany and It was dropped off the crane hook when they were unloading it. We didn't have to absorb the cost of replacement because the ownership of the product hadn't changed to us. It fell into the water and not on the dock. Of course it wouldn't have been ours until is was SAFELY on the dock.
Another time I ordered some TV camera lenses from NY and they were stolen off a loading dock. The order I had written stated the they were to be shipped FOB DESTINATION. The lenses cost over $6,ooo. Someones insurance ate the cost.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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