Asked by IRINA FEIJOO CALVAO on Jul 30, 2024
Verified
If the buyer bears the freight costs related to a purchase, the terms are said to be FOB destination.
FOB Destination
A shipping term indicating that the seller bears freight charges and remains responsible for the goods until they are delivered to the buyer's location.
Freight Costs
Expenses incurred by a company to transport goods from one place to another, such as shipping charges for receiving or sending out inventory.
- Understand the roles and definitions of various shipping terms, including FOB destination and FOB shipping point.
Verified Answer
ZK
Zybrea KnightJul 31, 2024
Final Answer :
False
Explanation :
If the buyer bears the freight costs related to a purchase, the terms are said to be FOB shipping point, not FOB destination. FOB destination means the seller bears the freight costs to deliver goods to a specific destination.
Learning Objectives
- Understand the roles and definitions of various shipping terms, including FOB destination and FOB shipping point.
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