FOB Destination describe goods whose risk will be catered by Seller until being delivered to the buyer.
FOB Destination is an acronym for "Freight on Board" Destination
- The FOB Destination is a marine term used to describes that legal title of goods belongs to the Seller until they are delivered to buyer.
- In other word, its means that seller of a product owns the risk of loss on a goods until its is delivered to the buyer.
In conclusion, the term states that the goods are owned by the buyer as soon as it is not delivered to the buyer.
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