Examlex
In an inference to the best explanation, the less simple the hypothesis, the stronger the argument.
F.O.B. New York
A shipping term indicating that the seller must deliver goods on board a vessel at the port of New York, with the buyer being responsible for freight and insurance.
Risk of Loss
The exposure to potential financial loss in a transaction, often determining who bears the responsibility if goods are damaged or lost.
Carrier
An entity or company that undertakes to transport goods or people for a fee, such as a shipping line, airline, or telecommunications provider.
Shipment Contract
A contract that specifies the seller's responsibility is fulfilled once goods are handed over for transportation, shifting risk to the buyer.
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