The term "FOB" denotes
A) free on board.
B) freight on board.
C) free only (to) buyer.
D) freight charge on buyer.

Question

Quizplus · Accepted Answer

FOB stands for "free on board" which means that the seller is responsible for the cost of transporting the goods to the port of shipment and loading them onto the vessel. Once the goods are loaded, the responsibility shifts to the buyer. Therefore, the buyer is responsible for any further transportation costs and any potential damage or loss of the goods during transportation.

The Term "FOB" Denotes