Asked by
Monica Pantaleon
on Nov 12, 2024
Verified
The seller may prepay the freight costs even though the terms are FOB shipping point.
FOB Shipping Point
A term in shipping contracts indicating that the buyer assumes responsibility for loss or damage once the goods are shipped.
Freight Costs
Expenses incurred by a company to transport goods from one place to another.
- Ascertain who holds ownership and bears the cost of freight in FOB shipping point and FOB destination agreements.
Verified Answer
ÇS
Learning Objectives
- Ascertain who holds ownership and bears the cost of freight in FOB shipping point and FOB destination agreements.
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