The terms which specify who owns and pays for the cost of the transportation are:
A) Freight on board (FOB) terms
B) Incoterms
C) Both a and b
D) Neither a or b

Question

Quizplus · Accepted Answer

Both FOB terms and Incoterms specify who owns and pays for transportation costs, so the correct answer is C. FOB terms specifically refer to who bears the risk of loss or damage during transportation and who is responsible for paying transportation fees, while Incoterms are a standardized set of terms that specify the obligations and responsibilities of both the buyer and seller in a transaction, including transportation costs.

The Terms Which Specify Who Owns and Pays for the Cost