9. Ozzy Optical is a full-service optical store providing eye exams and eyeglasses to customers. To maintain a wide selection of inventory frames, Ozzy purchases the eyeglasses from various manufacturers under different FOB terms. For each of the scenarios, determine which party is responsible for the inventory.

a) What is the significance of shipping terms?

b) $1,500 in eyeglass frames were shipped FOB shipping point to Ozzy Optical but were damaged in transit during a hurricane. Who is responsible for the inventory?

c) $1,900 in eyeglass frames were shipped FOB destination to Ozzy Optical but were lost in transit. Who is responsible for the inventory?