A character string that denotes the location where the seller fulfills his obligation to deliver the goods or services.
a. FOB Destination. FOB at destination, or where the seller or consignor delivers the supplies on the seller’s or consignor’s conveyance to a specified delivery point. In this case, unless the contract provides otherwise, the cost of shipping and the risk of loss are borne by the seller or consignor.
b. FOB Origin. FOB at the place of origin, or where the seller or consignor places the supplies on the conveyance by which they are to be transported. Unless the contract provides otherwise, the cost of shipping and the risk of loss are borne by the buyer or consignee.