What Does FOB Mean? How Can FOB Terms Affect Your Company?
The buyer then assumes all costs, risks, and liability, including shipping costs, insurance, shipping documents, and customs. For example, under a UCC FOB Destination agreement, the seller may take full responsibility to the point of final warehousing. Under an Incoterms agreement, you’d need a DAP destination agreement for the same coverage. What is FOB Destination? […]
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