Free on Board (FOB) is a shipment term used to indicate whether the seller or the buyer is liable for damaged or destroyed goods during shipping. FOB means the purchaser pays the shipping cost from the factory or warehouse and gains ownership of the goods as soon as it leaves its point of origin.
Freight is the products or the goods that are transported. The term refers to the commercial transportation of goods by any means, either by land, air, or sea. Freight is generally the bulk transportation of goods. It is usually divided into air freight and freight shipments.
Shipping is the transport of goods. Shipping can be either commercial or non-commercial. It can also be different-sized shipments, not just bulk. Nowadays, shipping can use various means of transport, not just by ship. Whether it is by ship, air, or other means, shipping is used to refer to the transporting of goods in bulk from one location to another. Shipping is often used to refer to personal goods being sent by mail, or the transport of consumer items to customers.
Work to Commence
Start date of service contract.