What Does FOB Stand For? Differentiate Between FOB Shipping Point

question 85

Essay

What does FOB stand for? Differentiate between FOB shipping point (or FOB factory) and FOB destination.

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Definitions:

Employees

Individuals who are hired by a person or business to perform specific jobs in exchange for compensation, typically salary or wages.

Certainty

The state of being free from doubt or reservation; a condition of predictability and assurance regarding certain facts or outcomes.

Court

A governmental institution with the authority to adjudicate legal disputes between parties and administer justice in civil, criminal, and administrative matters.

Law

A body of enforceable rules governing relationships among individuals and between individuals and their society.