Which of the following statements is true of shipping costs?
A) "FOB installed" indicates that the title and responsibility are transferred before an equipment is installed and used for operation.
B) FOB origin is also referred to as FOB installed.
C) The terms and conditions of a sale exclude shipping costs involved in transporting the goods.
D) Shipping costs are solely borne by the seller.
E) FOB destination means the buyer will take responsibility for goods once they reach the buyer's location and the seller will pay the freight.

Question

Quizplus · Accepted Answer

FOB destination means that the seller is responsible for shipping costs until the goods reach the buyer's location, at which point the buyer takes responsibility for them.

Which of the Following Statements Is True of Shipping Costs