known loss

Definition of "known loss"
  1. A loss discovered at, or prior to, the shipment's arrival
How to use "known loss" in a sentence
  1. The factory experienced a known loss when crates of goods fell off the delivery truck.
  2. Shipping insurance did not cover the known loss, as the damage was found upon delivery.
  3. The warehouse was responsible for the known loss of items during transit.
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