FOB Shipping Definitions

FOB Shipping Definitions

FOB Origin “Free on Board Origin” when written into an I2r POWER Purchase, Sales Agreement, Acceptance Order or Quotation for goods or services determines the responsibility for goods transferred from Seller to the Buyer; with or without a line item of payment by the buyer for cost of getting the goods onto transport. Seller assumes responsibility as the Goods are safely on board of transport and not final destination. Buyer assumes all Liability or Risk of loss of goods, lost or damaged and all other liabilities in transit from seller to the buyer.

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