Asked by Milan Golusin on Apr 24, 2024
Verified
If the seller is to pay the freight costs of delivering merchandise, the delivery terms are stated as
A) FOB shipping point
B) FOB destination
C) FOB n/30
D) FOB seller
FOB Destination
A shipping term indicating that the seller retains ownership and is responsible for the goods until they are delivered and the buyer's site.
Freight Costs
Expenses associated with transporting goods from one place to another, which can be paid by the shipper or the receiver.
- Gain insight into the impact of FOB shipping point and FOB destination terms on transportation charges.
Verified Answer
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Final Answer :
B
Explanation :
FOB destination means that the seller is responsible for the freight costs until the merchandise is delivered to the buyer's specified destination.
Learning Objectives
- Gain insight into the impact of FOB shipping point and FOB destination terms on transportation charges.