The buyer pays cost of marine freight transport, insurance, unloading, and transportation from the arrival ... FOB shipping point, freight prepaid, CPT destination.
Even though the terms "FOB Origin" and "FOB Destination" define the payment
obligation, it is common practice to add a "
financial-dictionary.thefreedictionary.com/F.O.B. Freight Prepaid
An agreement between a seller and a buyer indicating that the seller has fulfilled his/her obligation to deliver a good when he/she has transferred it to the point ...
Sep 10, 2014
FOB Term, Who Pays Freight, Who Bears the Cost, Who Owns Freight In-Transit,
Who Assumes Transit Risk. FOB Destination,
3) Terms of Sale: F.O.B. ORIGIN,
Seller pays and bears freight charges. FOB Origin,