When a product is sold “FOB shipping point,” the buyer pays the seller or supplier nothing more than the cost of transporting the product to the designated shipment point. The transaction is completed when the shipping company accepts possession of the merchandise for delivery to the customer, ...
Who pays the freight cost when the terms are FOB destination? a. the seller b. the buyer c. the customer d. either the buyer or the seller The term used when the seller is responsible for the cost of freight is: a. Purchases. b. F.O.B. dest...
FOB is a widely used shipping term that applies to both domestic and international transactions. It's an agreement between the buyer and seller that specifies when the ownership and liability for the goods being shipped transfer from the seller to the buyer. FOB terms are typically included in ...
Who decides shipping carrier on a shipment under FOB basis? This article is for beginners of exports and imports. In an FOB consignment, who nominates shipping carrier? Whether exporter or importer? Shipping carrier is a person or company who carries goods to final destination as per certain ter...
Answer to: A business that sells goods and services to other business, who in turn resell the goods or services is a a) wholesaler b) rack jobber...
b) For FCL sea shipment, we do FOB Shenzhen or CIF term; For LCL shipment, we do EXW Shenzhen term. 4) Delivery time for samples: 1 days after get your samples require and sample cost, then by express shipping 5 days can arrive. Delivery time for ma...