1/ Which of the following feature/s related to FOB shipping point under shipping terms, except?a.Title and control of the goods the moment the carrier signs the bill of lading with the buyerb.Buyer assumes risk of transportation and is entitled to route the shipmentc.Buyer is responsible for filing claims for loss or damaged.Seller is responsible for filing claims for loss or damage.

This is also called the FOB origin. Under FOB Shipping point the title of goods transfers to the…

Answered: FOB shipping point

Business

Accounting

FOB shipping point

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 19MC: Which of the following is not a characteristic of FOB Shipping Point? A. The buyer pays for...

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1/ Which of the following feature/s related to FOB shipping point under shipping terms, except?

Title and control of the goods the moment the carrier signs the bill of lading with the buyer

Buyer assumes risk of transportation and is entitled to route the shipment

Buyer is responsible for filing claims for loss or damage

Seller is responsible for filing claims for loss or damage.

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