Asked by netta blinchevsky on Jul 04, 2024
Verified
When the terms are F.O.B. shipping point, the buyer is responsible for the cost of shipping from the seller's shipping point to the purchaser's location, but the title does not pass until it is delivered.
F.O.B. Shipping Point
A shipping term indicating that a buyer is responsible for the goods, including the risk of loss and transportation cost, from the time they leave the seller's premises.
- Distinguish between F.O.B. shipping point and F.O.B. destination terms.
Verified Answer
SM
SaRiah's MommyJul 05, 2024
Final Answer :
False
Explanation :
Under F.O.B. shipping point terms, the buyer is responsible for shipping costs, and the title passes to the buyer when the seller delivers the goods to the carrier, not upon delivery to the buyer's location.
Learning Objectives
- Distinguish between F.O.B. shipping point and F.O.B. destination terms.