_____________ is a term of price in which the seller covers all costs and risks up to the point whereby the goods are delivered on board the ship in a designated shipment (export) port, and the buyer bears all costs and risks from that point on.

Question

Quizplus · Accepted Answer

FOB (Free On Board) is the term of price where the seller is responsible for all costs and risks until the goods are loaded onto the ship at the export port. From that point, the buyer takes over all costs and risks.

_____________ Is a Term of Price in Which the Seller