Terms of Delivery

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Terms of Delivery

The part of a sales contract that indicates the point at which title and risk of loss of merchandise pass from the seller to the buyer. See: Incoterms.

Terms of Delivery

In international commerce, an agreement between the seller and the buyer as to who is responsible for the cost and risk of delivering the goods. Cost and risk may rest exclusively with either party, or may be split at a certain point. The International Chamber of Commerce has set approximately a dozen different terms of delivery. See also: Incoterm.
References in periodicals archive ?
According to him, proper geographical location, blooming market and delivery terms are the most important causes making Hyundai to choose Shahid Rajaee Port Complex for its services.
Categories: Bid Protest, Army procurement, Delivery terms, Federal procurement, Foreign military sales, Indefinite delivery contracts, Military personnel, Multiple award procurement, Protective clothing, Protective equipment, Requirements definition, Small Arms Protective Insert (SAPI) plates, Small business contracts, Small business set-asides, Solicitations
Something else you might want to control on your sales order is the delivery mode and delivery terms.
Delivery terms shall be intimated in the technical bid.
The companies agree to purchase those bids that meet the terms of the agreement, the required specifications, price, quality of deliverables and delivery terms.
Additional terms of the agreement called for the company to continue purchasing its requirements from these trade creditors at competitive prices and delivery terms and to maintain payables to these creditors on a current basis by effecting payment upon delivery.
Lengthy delivery terms of up to 18 months, as this contract demonstrates, are becoming more common as customers are willing to commit to preferred equipment suppliers such as Graham sooner in their procurement process to ensure the timely delivery of quality equipment.
The Company has also satisfied the stock delivery terms contained in the LOI by issuing stock from the Company's treasury to each investor group in the original Clayton Field investment.
Department of Health and Human Services (HHS) agreed to extend delivery terms for a stockpile of H5N1 bulk influenza vaccine(1) for the U.
We are also impressed with Emerson Process Management's commitment over issues like product quality, engineering services and delivery terms.
Corporate Trading Rooms: Buyers and sellers of chemicals and plastics participate in pre-arranged auctions, during which they can make decisions on price, delivery terms, levels of service, and product specifications.
Fujitsu's procurement operators will have 24-hour visibility into supply status, including quantity, price and delivery terms of specific electronic products.