Business Quote by Ruby Parker Puckett
““FOB origin is stipulated when the order is placed, and the buyer selects the transport company and pays the freight company, owns the title, and files the claims for bad or damaged goods. If FOB destination is stipulated, the buyer pays the freight charges, but the supplier owns the title and files any claims.””
About This Quote
Source Trade manual: International shipping terms, 2021
FOB terms define who bears risk and cost in shipping; buyer or seller.
In simple terms: FOB rules decide who pays and owns goods during shipping.
Key Takeaway
Know your contract terms clearly.
Themes
logistics
risk
trade
contract
Mood
cautious
analytical
Type
practical
technical
When to use this quote
- import negotiations
- export planning
- customs clearance
- risk assessment
Key Concepts
incoterms
buyer‑seller responsibilities
freight cost allocation
Questions to Reflect On
- Are you clear on who owns the goods at each stage?
- How do you mitigate freight damage risks?
A Different Perspective
Complex supply chains can blur responsibility, leading to disputes.
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