Month: August 2020

What Does FOB Mean? How Can FOB Terms Affect Your Company?

Content FOB Terms: FOB Origin, Freight Prepaid FOB: shipping point vs destination FOB Shipping and Pricing Understanding Free on Board (FOB) Imagine the same situation as above except the terms of the agreement called for FOB destination. Instead of ownership transferring at the shipping point, the manufacturer retains ownership of the equipment until it is