Final answer:
True, 'FOB shipping point' indicates that ownership of goods transfers to the buyer as soon as they leave the seller's premises, along with all associated risks and costs.
Step-by-step explanation:
The statement is true: 'FOB shipping point' means that ownership of goods passes to the buyer when the goods leave the seller's place of business. FOB, or Free on Board, is a term used in shipping that indicates when the ownership and responsibility of goods transfer from the seller to the buyer. In the case of FOB shipping point, the buyer assumes responsibility for the goods and any costs associated with shipping once the goods have left the seller's premises. This includes risks of loss or damage to the goods during transit.