Examlex
Which of the following functions does the Bank of Canada perform?
FOB Shipping Point
A shipping term indicating that the buyer assumes all risk and pays for shipping costs from the point of departure; ownership of goods transfers to the buyer when the carrier picks up the items.
FOB Destination
is a shipping term indicating the seller bears delivery risk and costs until the goods reach the buyer's location, at which point the buyer takes over.
Title
A legal term referring to the formal right of ownership of property, assets, or a company.
FOB Shipping Point
A term used in shipping agreements indicating that the buyer is responsible for the goods and the shipping cost as soon as the goods leave the seller's premises.
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