Final answer:
The question pertains to who is responsible for shipping costs under the FOB destination term. In this case, the seller is responsible for the costs until the goods reach the buyer's location.
Step-by-step explanation:
The question relates to shipping terms, specifically FOB destination, which is a common term used in contracts for the sale of goods that indicates when the ownership and risk of loss is transferred from the seller to the buyer. The phrase 'FOB destination' means that the seller retains the risk of loss until the goods reach the buyer's location and is responsible for the shipping costs. Hence, in the scenario where goods shipped FOB destination on 12/31/12 arrived at the customer's place of business on 1/3/13, the correct answer would indeed be (a) the seller is responsible for shipping costs.
Understanding shipping terms is critical for businesses as they can significantly affect costs, profits, and the management of the supply chain. Operating large container ships or other modes of transport requires careful planning and consideration of various factors, including the efficiency and cost-effectiveness of transportation routes.