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What are fob terms?

April 26, 2017fob terms

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What are fob terms?

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At Route 66 Marine, our FOB shipping terms of sale are FOB ORIGIN. This means that title of the shipment passes from the Consignor / Seller (Route 66 Marine) to the Consignee / Buyer (you) once your shipment has been dropped of at the freight terminal. Therefore, as FOB Origin: Consignee / Buyer – Pays freight charges Consignee / Buyer — Bears freight charges Consignee / Buyer — Owns goods in transit Consignee / Buyer — Files claims (if any) Depending on the airlines policy and level of service requested by buyer or determined necessary by Route 66 Marine, freight is either: FOB Origin, Freight Prepaid & Additional Charges: When the airline requires payment in advance of carrying the shipment Seller pays and invoices buyer for freight charges. FOB Origin Freight Collect: When the buyer pays for freight at the time of picking up the shipment. When the consignee / buyer pays and bears freight charges.