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 ?
If the economic operator in the first position in the ranking can not supply the entire quantity of necessary products and / or can not meet the delivery terms, Then the contracting authority has the right to submit a request for the award of the contract to the second operator economic activity in the ranking based on the prices bid for the respective lot.
The figure would be spent on price promotions, increased margin lines and beneficial delivery terms, Nisa said.
13 December 2011 - Swiss Novartis (VTX:NOVN) will resume drug deliveries to German pharmaceutical distributor Celesio (ETR:CLS1) after the parties agreed on new delivery terms, Celesio spokesman said on Tuesday.
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.
25 November 2011 - German leading drug wholesalers Phoenix and Sanacorp announced on Thursday they had not been receiving pharmaceutical supplies from Novartis (VTX:NOVN) in November on failure to agree on delivery terms.
Contract notice: Delivery of valves according to specification - Annex 1 to the documentation of the procurement and delivery terms - Annex 2 to the order documents.
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.
Instructions/Remarks: Material Is Required To Be Delivered At Madurai Consignee As Per Above Delivery Terms 1 .
Department of Health and Human Services (HHS) agreed to extend delivery terms for a stockpile of H5N1 bulk influenza vaccine(1) for the U.