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Exam CSCP topic 1 question 758 discussion

Actual exam question from APICS's CSCP
Question #: 758
Topic #: 1
[All CSCP Questions]

Which of the following entities assumes ownership of goods once loaded on an ocean vessel using Incoterms® freight on board (FOB)?

  • A. The carrier
  • B. The buyer
  • C. The seller
  • D. The insurer
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Suggested Answer: B 🗳️

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Rajiv8047
7 months, 1 week ago
Selected Answer: B
Under FOB (Free On Board), ownership of the goods transfers from the seller to the buyer once the goods are loaded onto the vessel at the port of origin.
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