Pregunta
8 If the shipping terms indicate that the seller owns the goods until delivered to the buyer, this arrangement is known as: FOB shipping point O Goods in transit FOB destination
Ask by Davison Sullivan. in the United States
Feb 20,2025
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The arrangement is known as **FOB destination**.
Solución
In this scenario, the shipping terms indicate that the seller retains ownership of the goods until they are delivered to the buyer. This arrangement is known as "FOB destination."
Here's a brief explanation of the terms:
1. **FOB Shipping Point**: The seller transfers ownership to the buyer as soon as the goods are shipped. The buyer is responsible for the goods during transit.
2. **Goods in Transit**: This term refers to goods that are being transported from the seller to the buyer but does not specify ownership.
3. **FOB Destination**: The seller retains ownership of the goods until they reach the buyer's location. The seller is responsible for the goods during transit.
Therefore, the correct answer is **FOB destination**.
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Simplifique esta solución Mind Expander
When shipping terms specify that the seller retains ownership of the goods until they reach the buyer, this is known as "FOB destination." Essentially, the seller is responsible for any risks or costs associated with the goods until they safely arrive at the buyer's location, making it a more secure option for buyers. Conversely, in "FOB shipping point," the seller transfers ownership as soon as the goods are shipped. This means the buyer assumes responsibility during transit, which can sometimes lead to confusion or disputes about liability. So, knowing these terms helps to set expectations and ensures smoother transactions!
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