shipment contract
- A type of agreement where the seller's responsibility for the goods ends when they are delivered at the designated shipping location
- In the shipment contract, the liability of the seller ceased as soon as the goods reached the port.
- The supplier pointed out that it was a shipment contract, hence his risk ended once the goods arrived at the depot.
- 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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