Asked by
mauricia williams
on Nov 12, 2024
Verified
When the terms of sale are FOB shipping point, the buyer should pay the freight charges.
FOB Shipping Point
A term in shipping where the buyer assumes responsibility for the goods and shipping cost as soon as the goods leave the seller’s premises.
Freight Charges
Costs incurred for transporting goods from one place to another by sea, air, or land.
- Clarify the division of ownership and obligation for freight costs under the FOB shipping point and FOB destination provisions.
Verified Answer
RC
Learning Objectives
- Clarify the division of ownership and obligation for freight costs under the FOB shipping point and FOB destination provisions.
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