FOB shipping point means that the buyer accepts ownership when the goods arrive at the buyer's place of business.

Question

Quizplus · Accepted Answer

FOB shipping point means that ownership of the goods transfers from the seller to the buyer when the goods are loaded onto the carrier at the seller's shipping dock. Therefore, the buyer accepts ownership when the goods are in transit, not when they arrive at their place of business.

FOB Shipping Point Means That the Buyer Accepts Ownership When