Asked by Mariah Donnally on Jul 27, 2024
Verified
If the ownership of merchandise passes to the buyer when the seller delivers the merchandise for shipment, the terms are stated as FOB destination.
FOB Destination
A shipping term indicating that the seller bears the transportation cost and risk until the goods are delivered to the buyer's location.
- Comprehend the sales conditions and their influence on shipping costs and property rights of merchandise.
Verified Answer
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Final Answer :
False
Explanation :
If ownership passes to the buyer when the seller delivers the merchandise for shipment, the terms are stated as FOB shipping point. FOB destination means ownership passes when the merchandise reaches its destination.
Learning Objectives
- Comprehend the sales conditions and their influence on shipping costs and property rights of merchandise.