shipment contract

Definition of "shipment contract"
  1. A type of agreement where the seller's responsibility for the goods ends when they are delivered at the designated shipping location
How to use "shipment contract" in a sentence
  1. In the shipment contract, the liability of the seller ceased as soon as the goods reached the port.
  2. The supplier pointed out that it was a shipment contract, hence his risk ended once the goods arrived at the depot.
  3. The shipment contract outlined that once the goods were delivered to the freight carrier, the seller was no longer accountable for any damage or loss.

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