What is the location at which title to goods changes from the shipping organization to the customer known as?

Question

Quizplus · Accepted Answer

FOB (Free On Board) point is the location at which title to goods changes from the shipping organization to the customer. It refers to the transfer of ownership and liability of goods from the seller to the buyer at a specific point in the shipping process. The FOB point is usually agreed upon in advance between the buyer and seller and is stated in the sales contract or invoice.

What Is the Location at Which Title to Goods Changes