An FOB shipping point transaction is more profitable for the seller because the buyer is responsible for shipping. This allows the seller to retain more revenue as profit from the transaction.

How to Post FOB Charges in the Accounting General Journal. FOB shipping – an acronym that stand stands for free on board ... As the shipper of goods in an FOB transaction, ...

Incoterms, and the Transfer of Risk and Title in Sale of Goods Transactions 6 minute read April 13, 2023. By. Keith Letourneau. Email. Share. ... if a contract of sale includes the term FOB vessel ...