
FOB Definition and Shipping Terms
Flashcard
•
Instructional Technology
•
11th Grade
•
Practice Problem
•
Hard
MICHELLE BOLT
FREE Resource
Student preview

13 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What does FOB stand for in shipping terms?
Back
Free On Board
2.
FLASHCARD QUESTION
Front
In FOB Origin, who assumes the risk of transportation?
Back
The Buyer
3.
FLASHCARD QUESTION
Front
In FOB Destination, the ______ retains title and control of goods until they are delivered.
Back
Seller
4.
FLASHCARD QUESTION
Front
What does the modifier 'Prepaid & Add' mean in FOB terms?
Back
The Seller prepays charges and adds them to the invoice.
5.
FLASHCARD QUESTION
Front
In FOB Destination, Freight Prepaid & Add, who pays the freight and adds the charges to the invoice?
Back
Seller
6.
FLASHCARD QUESTION
Front
Prepaid (in shipping terms)
Back
Prepaid refers to shipping costs that are paid in advance by the sender, rather than the recipient.
7.
FLASHCARD QUESTION
Front
What does 'Collect' mean in shipping terms?
Back
Collect refers to a shipping term where the recipient is responsible for paying the shipping charges upon delivery.
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