Terms of Delivery

Also found in: Acronyms.

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 ?

Offers with other terms of delivery, upwards, are subject to additional agreement with the customer.

Supply Of Workshops

the delivery time, - the terms of delivery (Incoterms 2010), the Buyer%s warehouse

Supply For Complex Food Additives

Unconfirmed letter of credit (confirmation at the Supplier%s expense) on the terms of delivery of the DAP in Grodno.

Purchase Of Equipment 6kv

RB per 1 pc without VAT, specifying terms of delivery for residents of the Republic of Belarus, for non-residents of the Republic of Belarus in rubles.