Examlex
States have become increasingly innovative in devising ways to enhance their revenue systems.
FOB Seattle
A shipping term indicating that the seller's responsibility ends when the goods are placed on board a ship at the Seattle port; the buyer is responsible for freight and risks from that point.
Risk Of Loss
Refers to the legal responsibility regarding who bears the financial burden if goods are damaged or lost during a transaction.
Risk Of Loss
The potential for an asset to decrease in value or become entirely worthless.
Shipping Terms
Conditions agreed upon by the buyer and seller regarding the delivery of goods, including the mode of transport, payment, and point of delivery.
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