FOB Terminology - Shipping Point

FOB Terminology - Shipping Point



FOB SHIPPING POINT (ORIGIN)

 

  • Implies that the buyer assumes title and owns the goods in transit, pays the freight bill and handles any necessary claims for loss or damage.
  • Ownership changes when items are shipped.

 

FOB Shipping Point, Freight Allowed

 

  • Title passes buyer when goods leave the seller's dock
  • Seller pays freight charges
  • Seller bears freight charges
  • Buyer owns goods in transit
  • Buyer files claims, if any

 

FOB Shipping Point, Freight Collect

 

  • Title passes to buyer when goods leave the seller's dock
  • Buyer bears freight charges
  • Buyer pays freight charges when goods received
  • Buyer owns goods in transit
  • Buyer files claims, if any

 



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