FOB - 2009-09-09 FREE ON BOARD (FOB) Free on Board (FOB)...

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Unformatted text preview: 2009-09-09 FREE ON BOARD (FOB) Free on Board (FOB) FOB Shipping Point: Buyer Pays Freight Buyer is responsible for, and claims ownership of the goods while they are in transit. FOB Destination: Supplier Pays Freight Seller is responsible for, and claims ownership of the goods while they are in transit. 2009-09-09 Free on Board lecture 2 1 2009-09-09 Free on Board (FOB) 2009-09-09 Free on Board lecture 3 Free on Board (FOB) Shipping terms –– determine responsibility and ownership of goods in transit Refers to a point where SUPPLIER transfers responsibility and ownership to the BUYER: 2009-09-09 Free on Board lecture 4 2 2009-09-09 Free on Board (FOB) FOB SHIPPING POINT: SUPPLIER is responsible UP UNTIL THE POINT OF SHIPPING. Buyer is responsible for goods in transit: BUYER PAYS FREIGHT. FOB DESTINATION: SUPPLIER is responsible UP UNTIL THEY REACH THEIR DESTINATION. Supplier is responsible for goods in transit: SUPPLIER PAYS FREIGHT. 2009-09-09 Free on Board lecture 5 3 ...
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This note was uploaded on 11/09/2010 for the course BUSINESS 2257 taught by Professor Iandunn during the Fall '10 term at UWO.

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FOB - 2009-09-09 FREE ON BOARD (FOB) Free on Board (FOB)...

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