destination contract

Definition of "destination contract"
  1. A destination contract refers to an agreement involving goods where the seller is responsible for any damage or loss to the goods until they reach the agreed-upon destination mentioned in the contract
How to use "destination contract" in a sentence
  1. Some suppliers prefer a destination contract to minimize disputes with buyers about damaged goods.
  2. In a destination contract, the seller cannot claim payment until the goods are successfully delivered at the specified location.
  3. The buyer preferred a destination contract to ensure that the goods were not damaged during transit.

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