Passing of title

Passing of title,

Definition of Passing of title:

  1. Transfer (conveyance) of title to a good or property from its seller to its buyer. In trading, this transfer is determined by the terms of sale (such as FOB, CIF, C&F) and is ensured by the use of standard commercial terminology such as INCOTERMS.

Meaning of Passing of title & Passing of title Definition