FOB Definition and Shipping Terms

Front

What does FOB stand for in shipping terms?

Back

Free On Board

Front

In FOB Origin, who assumes the risk of transportation?

Back

The Buyer

Front

In FOB Destination, the ______ retains title and control of goods until they are delivered.

Back

Seller

Front

What does the modifier 'Prepaid & Add' mean in FOB terms?

Back

The Seller prepays charges and adds them to the invoice.

Front

In FOB Destination, Freight Prepaid & Add, who pays the freight and adds the charges to the invoice?

Back

Seller

Front

Prepaid (in shipping terms)

Back

Prepaid refers to shipping costs that are paid in advance by the sender, rather than the recipient.

Front

What does 'Collect' mean in shipping terms?

Back

Collect refers to a shipping term where the recipient is responsible for paying the shipping charges upon delivery.

Front

What does 'Prepaid/Collect Beyond' mean in shipping terms?

Back

Prepaid/Collect Beyond refers to a shipping arrangement where the shipping charges are either prepaid by the sender or collected from the recipient upon delivery.

Front

Third Party in shipping terms

Back

An entity that is not directly involved in a transaction but may be affected by it or provide services related to it.

Front

What does 'Pre-pay and Add' mean in shipping terms?

Back

The seller pays the shipping cost and adds it to the invoice