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What Does the Following Element Description Actually Mean 186\begin{array} { c } 18 \\6\end{array}

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What does the following element description actually mean? 186\begin{array} { c } 18 \\6\end{array} O


Definitions:

FOB Shipping Point

A term used in shipping contracts to indicate that the buyer assumes responsibility for the goods and the shipping costs from the point of departure.

FOB Shipping Point

A term used in shipping agreements that means "Free on Board Shipping Point," indicating that the buyer is responsible for freight and other shipping costs from the seller's location.

FOB Destination

A shipping term that means the seller retains the risk of loss or damage to goods until they are delivered to the buyer's specified location.

Merchandise Inventory

Goods that a retailer or wholesaler purchases to sell to customers, held as an asset on the balance sheet.

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