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Differences of FOB Shipping point and FOB destination 



Differences of FOB Shipping point and FOB destination
 
FOB Shipping Point requires that shipping goods from the seller 
to the buyer borne by the buyer, so that the ownership of the goods 
have passed from the seller to the buyer at the seller's premises. 
So that in case of purchase of goods from the seller to the FOB 
Shipping Point and the goods are still in transit to the buyer, 
goods in transit are the property of the buyer even though at the 
time of closing of the goods has been received. Consequently, 
the value of such goods should be included as inventory on the 
balance sheet at the end of the year the company buyer.
 
FOB Destination requires that shipping goods from the seller 
to the buyer paid by the seller, so that the ownership of the goods 
will transfer from the seller to the buyer at the buyer. 
So that in case of purchase of goods from the seller to the 
FOB Destination and the goods are still in transit to the buyer, 
goods in transit are the property of the seller. At the end of the 
fiscal year have not received the goods, the consequences of the 
value of goods should not be included as inventory on the 
balance sheet of the company's year-end buyer.

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