Which of the following entities assumes ownership of goods once loaded on an ocean vessel using Incoterms® freight on board (FOB)?
Which of the following entities assumes ownership of goods once loaded on an ocean vessel using Incoterms® freight on board (FOB)?
Under Incoterms® FOB (Free On Board), ownership of the goods transfers from the seller to the buyer once the goods have been loaded onto the ocean vessel at the port of origin.
Under FOB (Free On Board), ownership of the goods transfers from the seller to the buyer once the goods are loaded onto the vessel at the port of origin.