False.
If goods are shipped FOB (Free On Board) destination, it means that the seller is responsible for the shipping costs and for the risk of loss or damage to the goods until they reach their destination. In other words, the seller retains ownership of the goods and bears the risk of loss until the goods are delivered to the buyer's specified destination. Once the goods have been delivered to the destination, the buyer assumes ownership and bears any further risk of loss or damage.
Therefore, the statement "the seller is responsible for paying shipping charges and bears the risk of loss in transit of goods are shipped FOB destination" is false.