IN TERMS OF FOB, Who pay pre -carriage?
answer: seller
FOB is an acronym for Free On Board. The meaning is that the buyer pays for the transport of materials.
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.
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.
I am guessing "freight on board" which means loaded but not transported.
FOB
makes no journal entry for the transportation
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.
According to international shipping terminology, FOB means the seller pays for transport of the goods to the city named. Ningbo is a port in the People's Republic of China, so the term means that the seller will pay transport to that city, and the buyer will pay from there onwards.
The difference between FOB and landed is that FOB is the price the buyer pays to get the goods they purchased delivered to the nearest clearing house or distribution center the shipper has sent their order to. Landed means the buyer gets their order sent right to their own door in the price quoted.FOB will usually mean the buyer has to pay more to get it delivered to their door..or "landed".
The acronym FOB stands for 'free on board'. It refers to freight costs of shipping deliveries in business, and denotes the point between the seller and buyer where the goods do or do not have the freight charges paid for. For example, if a Los Angeles popcorn company buys popcorn from Alaska, and the Alaska seller declares the purchase to be FOB Alaska, or FOB their own warehouse, this means the buyer must pay the freight from Alaska to California. If the seller states the popcorn purchase is FOB Los Angeles, or FOB 'your door', then the Alaska seller pays the freight to that logistics point.
Free On Board (FOB)
fob