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A delivery order (abbreviated D/O [1]) is a document from a consignee, or an owner or his agent of freight carrier which orders the release of the transportation of cargo to another party. [2]
The buyer may want to exit from the contract due to change in market situation or financial situation. When the builder had made use of his contractual remedy to cancel the contract for the future, the buyer’s default indeed will trigger the guarantor’s liability and make the letter of guarantee operative.
These documents contain a variety of transaction details, including information regarding purchase orders, invoices, shipping details, product specifications, and price quotes. Electronic proof of delivery (ePOD) can exchange new data as well as corrections to previously transmitted messages.
After a nearly four-year hiatus, UPS has relaunched its guaranteed 2nd Day Air AM shipping and delivery service. The service provides business and commercial addresses with a guaranteed delivery ...
The amount paid by the bank to the shipper will be debited to the bank's customer who ordered the goods and arranged for the issuance of the letter of credit. The goods in the air consignment are consigned directly to the party (the consignee) named in the letter of credit (L/C). Unless the goods are consigned to a third party like the issuing ...
Make international trade operations more flexible, Use Documentary Collection in cases when the seller does not want to deliver goods to the buyer on "open account" basis, but due to a long-term stable business relationship between the parties there is no need for security provided by a Letter of Credit or payment guarantee, Documentary collection is suitable to the seller: if the seller has ...
A warranty is not a guarantee: it is a mere promise. It may be enforced if it is breached by an award for the legal remedy of damages. Depending on the terms of the contract, a product warranty may cover a product such that a manufacturer provides a warranty to a consumer with whom the manufacturer has no direct contractual relationship because ...
Seaworthiness is a concept that runs through maritime law in at least four contractual relationships. In a marine insurance voyage policy, the assured warrants that the vessel is seaworthy.
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