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Home > Legal Research > Glossary

Shipment contract

Definition
: a contract in which the seller bears the risk of loss from damage to the goods only until they are brought to the place of shipment
compare destination contract in this entry

Based on Merriam-Webster's Dictionary of Law ©2001.
Merriam-Webster, Incorporated
Published under license with Merriam-Webster, Incorporated.
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Shipment contract