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. desti...
Who Pays Freight for FOB Origin? If the terms include the phrase "FOB Origin, freight collect," the buyer handles freight charges. If the terms include "FOB Origin, freight prepaid," the buyer assumes responsibility for goods at the point of origin, but the seller pays the cost of shippi...