Question

FOB ______ is the term used when ownership of the goods transfers to a buyer when the goods arrive at the buyer's place of business.

Answer 1

FOB destination is the term used when ownership of the goods transfers to a buyer when the goods arrive at the buyer's place of business.

What is FOB destination?

FOB which full meaning is freight on board is a form of goods or product shipment in which the seller is fully incharge or in possession of the goods until the goods reach the buyer destination in which  the ownership of the goods is then transfers to a buyer.

Once the ownership of the goods transfers to a buyer, this means that the buyer is the owner of the goods and is liable for any damage that occur to the goods.

Inconclusion FOB destination is the term used when ownership of the goods transfers to a buyer when the goods arrive at the buyer's place of business.

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