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SHIP ACCOUNTING UNIT 1 AND 2 > 1B > Flashcards

1B Flashcards

1
Q

FOB

A

free on board

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2
Q

contract terms of FOB

A

it is necessary to choose the point at which responsibility passes from seller to the buyer

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3
Q

FOB point

A
  • place from which the goods are shipped aka the shipping point
  • buyers destination
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4
Q

FOB shipping point / FOB origin

A

seller has to get the goods to the shipping point

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5
Q
A
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SHIP ACCOUNTING UNIT 1 AND 2 (2 decks)

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