Best Offer (often abbreviated as BOFO or BOF) is a term in nautical trade negotiations. It represents the highest price a buyer is willing to pay for a specific item at that moment in time. Here’s an example:
In a negotiation for a vintage yacht, the buyer makes a Best Offer of $150,000. The seller, who had initially asked for $200,000, may then accept the Best Offer, reject it, or make a counteroffer.
Explore other nautical terms:
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Want to learn more about life on the water? Check out one of these books:
Light in the Underworld: Diving the Mexican Cenotes
$46.28 (as of October 13, 2024 03:34 GMT -06:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Navigation Rules And Regulations Handbook (Color Print): Containing - International & Inland Rules
$16.99 (as of October 13, 2024 03:34 GMT -06:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Barbarian Days: A Surfing Life
$15.99 (as of October 13, 2024 03:34 GMT -06:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
