Fob destination refers to a situation where title to goods while in transit belongs to the ________.

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tamialipford2540 tamialipford2540

11-03-2018
Social Studies

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Fob destination refers to a situation where title to goods while in transit belongs to the ________.

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ahmedishaal ahmedishaal · Answer 1 · 2018-03-20T18:17:38+01:00

Fob destination refers to a situation where title to goods while in transit belongs to the "seller".

FOB destination is a short form of the expression "Free on Board Destination." The term implies that the purchaser or buyer takes conveyance of merchandise being delivered to it by a provider once the products touch base at the purchaser's getting dock. The four variations on FOB destination terms include:
FOB destination, freight prepaid and allowed.FOB destination, freight prepaid and added.FOB destination, freight collect.FOB destination, freight collect and allowed.