Free on board (FOB): It refers to the term of sales, which states who will be liable for the risk related to the damage of goods in transit. This liability can be of seller or buyer, depends upon the condition. The types of free board are: Free on board (FOB) shipping point Free on board (FOB) destination To explain: The difference between the FOB shipping point and FOB destination.

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Chapter 6, Problem 6Q

To determine

Free on board (FOB): It refers to the term of sales, which states who will be liable for the risk related to the damage of goods in transit. This liability can be of seller or buyer, depends upon the condition.

The types of free board are:

Free on board (FOB) shipping point

Free on board (FOB) destination

To explain: The difference between the FOB shipping point and FOB destination.

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