MLchartDataset catalogue

Shipment contract

Term · Law · MLC-T-LAW-004538

A type of sales contract where the seller's responsibility for goods ends once the goods are delivered to a carrier for transport to the buyer. Under a shipment contract, the risk of loss and title to the goods pass to the buyer at the time and place of shipment. This is contrasted with a destination contract, where risk and title pass only when the goods reach the buyer's specified location.

Table 1. Record
IdentifierMLC-T-LAW-004538
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004538",
  "term": "Shipment contract",
  "field": "Law",
  "definition": "A type of sales contract where the seller's responsibility for goods ends once the goods are delivered to a carrier for transport to the buyer. Under a shipment contract, the risk of loss and title to the goods pass to the buyer at the time and place of shipment. This is contrasted with a destination contract, where risk and title pass only when the goods reach the buyer's specified location.",
  "url": "https://mlchart.com/terminology/law/shipment-contract/"
}

Record 4,619 of 5,439 in Law terminology (MLC-0107). Request the full dataset.