Examlex
Rae Ann makes it a point to buy products packaged in reused materials.Which path toward sustainability has Rae Ann chosen?
Shipping Arrangements
The planning and execution involved in the transportation of goods from one location to another, including modes of transport, routes, and logistics.
Shipping Term
Contractual terms between a seller and buyer indicating the delivery details, responsibility for goods, and the point at which risk transfers from one party to the other during transport.
FOB
An incoterm standing for "Free On Board," indicating that the seller bears delivery costs and risk until the goods are loaded on a vessel at the specified shipment point.
Origin Contract
A term referring to the initial agreement between parties, detailing the basis of their contractual relationship.
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