FOB is an acronym for which of the following?
A) first on board
B) free on board
C) freight on board
D) fee on buyer

Question

Quizplus · Accepted Answer

FOB stands for "free on board," which indicates that the seller is responsible for the cost of delivering the goods to the port of shipment and loading them onto the vessel. Once the goods are loaded, the risk of loss or damage transfers from the seller to the buyer.

FOB Is an Acronym for Which of the Following