Examlex
Briefly explain the value additivity property.
Common Carrier
An entity that offers transportation services to the public under the license or authority provided by a regulatory body, obligated to serve without discrimination.
Shipping Arrangements
The planning and execution involved in the transportation of goods from one location to another, including modes of transport, routes, and logistics.
Shipping Term
Contractual terms between a seller and buyer indicating the delivery details, responsibility for goods, and the point at which risk transfers from one party to the other during transport.
FOB
An incoterm standing for "Free On Board," indicating that the seller bears delivery costs and risk until the goods are loaded on a vessel at the specified shipment point.
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