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re: FOB Shipping Point question
Posted on 3/12/14 at 6:00 pm to htownjeep
Posted on 3/12/14 at 6:00 pm to htownjeep
quote:
I think FOB and Exworks is getting confused here.
The two are pretty much the same. The only case where I have seen Exworks is when it involves international deliveries.
From my knowledge with EXW Incoterm, the seller takes almost no responsibility. The buy still has to come and pick it up. I think the liability still switches once the goods are loaded.
The liability would still transfer and revenue recognized when the goods are loaded per FOB shipping.
The only difference is if they are talking strictly Incoterms. Then, you would still have the identifier FOB "port" or something to designate somewhere besides the seller's premises.
This post was edited on 3/12/14 at 6:01 pm
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