( Accounting : Commerce )
If the terms of a sale are FOB destination, delivery generally is not considered to have occurred until a product is delivered
to the customer's delivery site.
If goods are shipped FOB destination point, they remain the legal property of the seller until they reach their destination.
FOB destination is a shipping term indicating that ownership of goods passes at delivery to their
destination, and the seller has total responsibility until then.
Collins English Dictionary. Copyright © HarperCollins Publishers