Examples of using Fob-type in English and their translations into Arabic
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Colloquial
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Political
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Ecclesiastic
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Ecclesiastic
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Computer
In addition, a number of countries confirmed that they compile and publish the FOB-type valued imports data.
FOB-type values include the transaction value of the goods and the value of services performed to deliver goods to the border of the exporting country.
It follows that, in principle, under the Agreement, countries can choose FOB-type or CIF-type values.
The CIF-type values of imports and FOB-type values of exports satisfy several analytical needs, but FOB-type values of imports are also needed for some purposes.
If other kinds of terms of delivery apply in any transaction(such as Ex works, Free Alongside Ship etc.),other sources of data need to be used to establish an FOB-type or a CIF-type value for the transaction. 64.
FOB-type values of imported goods can also enhance the analytical use of trade statistics; for instance, imports of country A from country B on an FOB basis can be used to estimate the exports of country B to country A on an FOB basis.
It is recommended that countries which use CIF-type values of imports make efforts to collect separately data for freight and insurance, at the most detailed commodity/partner level possible,in order to derive the FOB-type values needed for national accounts and balance of payments statistics.
FOB-type values(of both exported and imported goods) provide a uniform price basis for goods(in the sense of giving a single point of valuation for exports and imports, namely, the border of the exporting country ' s statistical territory) and therefore serve the purposes of the compilation of national accounts and balance of payments statistics at the aggregate level(for valuation, particularly uniform valuation, see 1993 SNA, para. 3.85, and BPM5, paras. 221- 225).
The recommendation should be(a) to endorse the WTO definition of transaction value as a basis for statistical valuation;(b) to use the CIF-type valuation(border of importing country)for imports and the FOB-type valuation(border of exporting country) for exports; and(c) in the case of imports, to collect data on freight and insurance separately at as detailed a partner/ commodity level as possible.
Country responses to the questions on valuation confirm that the recommendation to use the cost, insurance and freight(CIF)-type valuation for imported goods and the free on board(FOB)-type valuation for exported goods is very well implemented(93.4 per cent of respondents use the CIF-type valuation for imported goods and96.7 per cent use the FOB-type valuation for exported goods).