Risk of Loss in Transit to Destination is Buyer's
54 Risk of Loss Code
Code specifying where responsibility for risk of loss passes
Type
Identifier (ID)Length
Min 2 / Max 2Codes
BY
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