What Is FOB Shipping Point?


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Stewart Pinkerton Profile
It means Free On Board, and means that the seller takes responsibility for delivery of the goods to that point, plus loading costs, thereafter the buyer takes responsibility for the shipping cost, and for the security of the goods.
Anonymous Profile
Anonymous answered
FOB shipping point implies terms of sale under which title of goods passes to the buyer at the point of shipment. FOB shipping point is sometimes called FOB origin.

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