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Examples of FOB Shipping Point and FOB Destination FOB Shipping Point . Assume a fitness equipment manufacturer receives an order for 20 treadmills from a newly opened gym located across the country.
FOB isn't the only way to ship goods. Another alternative is to ask the seller for CIF – cost, insurance and freight. If you're buying goods from overseas, FOB shipping point, your insurance ...
Free on Board (FOB) is a shipment term indicating the point at which a buyer or seller assumes ownership and liability for goods being transported.