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FOB (Freight On Board) Destination and FOB Shipping specifies whether the buyer or seller owns the goods, and therefore, who pays for the shipping and includes the items in their inventory. FOB Destination means that the seller owns the goods until the buyer receives them. Therefore, the seller pays the shipping costs. FOB Shipping means that the buyer owns the goods once they are shipped. Therefore, the buyer pays the shipping costs.
Depending on the shipping point whether it is port within the supplier's country or port withing customer's country, Supplier is liable till that point for the consignment.
FOB Shipping point - Till suppliers puts the consignment from starting shipping point he is responsible.
FOB - Destination - Till the destination point, supplier is responsible as agreed. It can be port at destination country and destination address of the customer as agreed
FOB- Free On Boar.
Supplier will liable to move the product up-to the port from there on wards it will come
under customer responsibility up to destination port. ( Such s frieght, insurance & Etc to be bear by customer)
The term, FOB Shipping Point, indicates that the sale occurred at the shipping point—at the seller's shipping dock. FOB Destination indicates that the sale will occur when it arrives at the destination—at the buyer's receiving dock.
Accountants report a merchandiser's and a manufacturer's revenues when a sale is made. The term, FOB Shipping Point, indicates that the sale occurred at the shipping point—at the seller's shipping dock. FOB Destination indicates that the sale will occur when it arrives at the destination—at the buyer's receiving dock. Accountants also assume that the cost of transporting the goods corresponds to these terms. If the sale occurred at the shipping point (seller's shipping dock), then the buyer should take responsibility for the cost of transporting the goods. (The buyer will record this cost as Freight-In or Transportation-In.) If the sale doesn't occur until the goods reach the destination (terms are FOB Destination), then the seller should be responsible for transporting the goods until they reach the buyer's unloading dock. (The seller will record the transportation cost as Freight-Out, Transportation-Out, or Delivery Expense.)
FOB Destination indicates that the sale will occur when it arrives at the destination point means at the buyer's receiving yard. While The term, FOB Shipping Point, indicates that the sale occurred at the shipping point—at the seller's shipping Yard.
-J'aimerai tant donner mon humble avis sur vos opinions mais vous discutez dans un domaine qui m'est techniquement presque inconnu
-I'd love to give my humble opinion on your opinion, but you communicate in an area that is almost unknown to me technically
In consignment the term FOB Shipping Point and FOB Destination Point . In FOB shipping means the consignor bears all the expenses where the FOB Destination the palce where the goods delivered all the expense bears the consignee.
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