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TERM PHRASE NUMBER 1. F.o.b. shipping point Legal title passes when goods are delivered to common carrier. 2. Cost flow assumption Legal title passes when

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TERM PHRASE NUMBER 1. F.o.b. shipping point Legal title passes when goods are delivered to common carrier. 2. Cost flow assumption Legal title passes when goods arrive at customer location. 3. Inventory cut-off Not required to correspond to actual product flow. 4. F.o.b. destination Making sure goods in transit are properly accounted for. 5. Specific identification Not feasible for many types of products. method

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