FOB POINT OF ORIGIN Definition

Bookmark and Share

FOB POINT OF ORIGIN is where the supplier is responsible for all shipping costs to the point of having the goods loaded unto the vessel for shipment to its destination. The purchaser, from that point forward, is responsible for all further shipping costs to the point of destination, e.g., insurance, transportation, etc.

Learn new Accounting Terms

COMPARE / COMPARISON is an audit procedure where an auditor observes similarities and differences between items such as an account from one year to the next.

BIG BOARD is the New York Stock Exchange.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.