In an F.O.B. point of shipment, the buyer bears the risk of loss while the goods are in transit.

Name: In an F.O.B. point of shipment, the buyer bears the risk of loss while the goods are in transit.
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Question

Quizplus · Accepted Answer

In an F.O.B. point of shipment, the responsibility for the goods transfers from the seller to the buyer at the point of shipment. This means that the buyer bears the risk of loss or damage to the goods while they are in transit.

In an FOB Point of Shipment, the Buyer Bears the Risk of Risk