FOB destination

(noun)

the seller will pay shipping costs and remain responsible for the goods until the buyer takes possession

Related Terms

Examples of FOB destination in the following topics:

  • Recording Purchases

    • When purchases should be added to inventory depends on the Free On Board (FOB) policy of the trade.
    • On the other hand, the purchaser adds the inventory on receipt (and the seller removes the item from inventory when it arrives with the purchaser) if the policy was FOB destination.
    • FOB is an abbreviation which pertains to the shipping of goods.
    • Precise meaning and usage of "FOB" can vary significantly.
    • The initials FOB represent ownership and responsibilities involving the shipping and receiving of goods.

  • Discount Policy

    • Seasonal credit is a loan to help small banks, located in agriculture areas or tourist destinations.

  • Purchasing Power Parity (PPP) Theory

    • Furthermore, the Big Macs would not be fresh, and they would quickly spoil before they reached their destination.