54 Risk of Loss Code
Code specifying where responsibility for risk of loss passes
- Type
- Identifier (ID)
- Length
- Min 2 / Max 2
- Codes
Code | Description |
---|
BY | Risk of Loss in Transit to Destination is Buyer's |
FE | Risk of Loss in Transit to Freight Equalization Point is Seller's |
IM | Shared Risk and Investor Markets |
IR | Investor Risk |
LR | Lender Risk |
PP | Risk of Loss in Transit to Pool Point is Seller's |
SE | Risk of Loss in Transit to Destination is Seller's |
SR | Shared Risk and Lender Markets |
ZZ | Mutually Defined |