Examlex
Explain why a large equipment provider that sells to many of its commercial customers on account may use a finance company.
Tender of Delivery
The process by which a seller makes goods available to a buyer in fulfillment of a sales contract and notifies the buyer that the goods are ready for receipt.
Destroyed Through Fire
Refers to property or goods that have been damaged or annihilated as a result of fire.
Shipping Term
A stipulation or condition specified in a shipping contract that outlines the responsibilities, costs, and risk allocation between a seller and buyer.
Free Alongside
A shipping term indicating that the seller is responsible for delivering the goods next to a designated vessel, after which the buyer takes over the transportation costs.
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