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avatar Charity 2 days ago
What does FOB stand for?
What does FOB stand for in business and shipping? How does FOB affect responsibilities, costs, and risk between a buyer and seller in a transaction? 
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  • C

    Oh that's just "Free On Board," basically it tells you at what point the seller hands off responsibility (and risk) for the goods to the buyer during shipping. So if it says FOB origin, you're on the hook the moment it leaves the seller's dock, but FOB destination means the seller's still responsible till it reaches you.

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