"FOB" was originally an ocean-freight acronym. Once the freight passed beyond this boundary of the ship's rail and moved onto the vessel, the seller had completed all of its delivery obligations to ...

Accountants record transactions between buying companies and selling companies differently depending on when the transfer of purchased goods actually occurs. Which company pays for shipping charges to ...

Christina Majaski writes and edits finance, credit cards, and travel content. She has 14+ years of experience with print and digital publications. David Kindness is a Certified Public Accountant (CPA) ...

Protecting in-transit perishable shipments is a goal shared by stakeholders throughout the cold chain. Producers and growers (aka shippers) want to maintain products at their pre-cooled and/or frozen ...