From the following options, identify the commonly used shipping term that calls for the seller to arrange to ship the goods and put the goods in the carrier's possession.

Question

Quizplus · Accepted Answer

F.O.B. (free on board) means the seller is responsible for arranging shipment and putting the goods on the carrier, but the buyer becomes responsible for shipping costs and risk of loss or damage once the goods are on board. C.I.F. (cost, insurance, and freight) also involves the seller arranging shipment, but they are responsible for the cost of insurance and freight. Ex-ship means the seller is responsible for delivering goods to the port of destination, but the buyer becomes responsible for unloading and clearing customs. No-arrival, no-sale contract means the buyer is not obligated to purchase the goods if they do not arrive at the agreed-upon destination.

From the Following Options, Identify the Commonly Used Shipping Term