54 Risk of Loss Code

Code specifying where responsibility for risk of loss passes

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Type
Identifier (ID)
Length
Min 2 / Max 2
Codes
CodeDescription
BYRisk of Loss in Transit to Destination is Buyer's
FERisk of Loss in Transit to Freight Equalization Point is Seller's
IMShared Risk and Investor Markets
IRInvestor Risk
LRLender Risk
PPRisk of Loss in Transit to Pool Point is Seller's
SERisk of Loss in Transit to Destination is Seller's
SRShared Risk and Lender Markets
ZZMutually Defined
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