As an Example of Trade Credit Terms, "3/10, EOM, Net

question 23

True/False

As an example of trade credit terms, "3/10, EOM, net 60" is not valid.

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Definitions:

F.O.B.

An international commercial term defining at which point the risk and expense of shipped goods transfer from the seller to the buyer; F.O.B. stands for "Free On Board."

C.I.F.

Stands for Cost, Insurance, and Freight, a term used in international trade where the seller is responsible for covering the costs, insurance, and freight of delivering goods to a specified port.

Transportation Costs

Expenses associated with the movement of goods or people from one location to another. These can include fuel, labor, and maintenance expenses.

Swift Trucking Company

A transportation and logistics company, typically involved in the movement of freight across various distances.