Asked by
Mackenzie Pineda
on Nov 12, 2024
Verified
Title to merchandise shipped FOB shipping point passes to the buyer upon delivery of the merchandise to the buyer's place of business.
FOB Shipping Point
A term used in shipping indicating that the buyer assumes responsibility for the goods and the cost of transportation once the goods leave the seller’s premises.
- Pinpoint the proprietors and accountable parties for freight expenses within FOB shipping point and FOB destination stipulations.
Verified Answer
SK
Learning Objectives
- Pinpoint the proprietors and accountable parties for freight expenses within FOB shipping point and FOB destination stipulations.
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