What is the meaning of FOB in Custom
Sanket
(!..Live to Give..!)
(16427 Points)
Replied 31 January 2012
FOB stands for "Free on Board."
It refers to the physical location that title to the goods changes hands from the shipper to the recipient. At that point, the recipient assumes the risk of loss and takes responsibility for any shipping charges. It has nothing to do with the method of shipment.
gaurav garg
(Audit Assistant)
(21 Points)
Replied 31 January 2012
Ajay Jain sir has amended his book for May12 IDT Final or not????
plz someone tell
CAclubindia
