If goods are sold on terms FOB shipping point the:
A)seller normally pays the transportation costs.
B)buyer normally pays the transportation costs.
C)buyer and the seller split the shipping costs.
D)shipping company bears the transportation cost.

Question

Quizplus · Accepted Answer

FOB shipping point means that the buyer takes responsibility for the goods once they are picked up by the carrier, and they are responsible for the transportation costs. The seller is only responsible for getting the goods to the carrier's location.

If Goods Are Sold on Terms FOB Shipping Point The