FOB Origin
Free On Board (FOB) Origin is a term used in international trade. It is a method of shipment where the title passes at origin, and the buyer has total responsibility for the goods while in shipment.
When goods are shipped FOB Origin, the seller is responsible for the cost of shipping the goods to the buyer’s requested location. The title to the goods also passes to the buyer at this point, meaning that the buyer assumes all risks associated with the shipment.
- The main advantage of this type of shipment for sellers is that they are not responsible for any damages or losses that may occur during transit.
- For buyers, the main advantage is that they can track and ensure their own shipment, giving them more control over its safety.
Related Links
What Does F.O.B. Mean? (Part 1) – Transportation Insight
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What Does FOB Mean in Shipping? – Freightquote
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What Does FOB Mean in Freight & Transportation? – Cannonball Express
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