F.O.B (Free on Board), D.A.T (Delivered at Terminal), and COD (Cash on Delivery) are terms commonly used in shipping and commerce. Here are the differences between them:F.O.B: This term is used to indicate who is responsible for the transportation of goods and at what point ownership of the goods is transferred from the seller to the buyer. With F.O.B shipping point, the buyer takes ownership and responsibility for the goods as soon as they are loaded onto the transportation vehicle. With F.O.B destination, the seller retains ownership and responsibility until the goods are delivered to the buyer's specified location.D.A.T: This term indicates that the seller is responsible for delivering the goods to a terminal agreed upon with the buyer. Once the goods are delivered to the terminal, the buyer takes responsibility for the goods, including the cost of transportation from the terminal to the final destination.COD: This term means "Cash on Delivery" and is used to specify that payment is to be made at the time of delivery of the goods. The buyer must pay for the goods when they are delivered, either in cash or by a certified check.In summary, F.O.B determines the point at which ownership of goods is transferred, D.A.T specifies the responsibility for transportation to a terminal, and COD specifies the payment terms for the delivery of goods.
