In a transaction where the merchandise invoice indicates F.O.B.shipping point,who pays the cost of shipping?
A)The buyer
B)The seller
C)The common carrier
D)The freight forwarder
E)None of the above

Question

Quizplus · Accepted Answer

F.O.B. shipping point means that the title and risk of loss transfer from the seller to the buyer when the goods are shipped. Therefore, the buyer is responsible for paying the shipping cost from the shipping point to the final destination.

In a Transaction Where the Merchandise Invoice Indicates F