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What is the difference between FOB destination and FOB shipping point?
Wiki User
∙ 13y ago
FOB (Freight On Board) Destination and FOB Shipping specifies whether the buyer or seller owns the goods, and therefore, who pays for the shipping and includes the items in their inventory.
FOB Destination means that the seller owns the goods until the buyer receives them. Therefore, the seller pays the shipping costs.
FOB Shipping means that the buyer owns the goods once they are shipped. Therefore, the buyer pays the shipping costs.
Wiki User
∙ 13y ago
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What is the definition of FOB shipping point and FOB destination point?
FOB Destination means that the seller owns the goods until the buyer receives them. Therefore, the seller pays the shipping costs. FOB Shipping means that the buyer owns the goods once they are shipped. Therefore, the buyer pays the shipping costs.
If buyer pays the freight cost of delivering merchandise what is the delivery term?
Free On Board Destination (FOB Destination). This means that the seller pays the the freight costs from the shipping point to the buyer's final destination.
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