A form of sale contract whereby the seller’s `price includes the cost of goods and insurance and freight charges through to the agreed destination. Consequently the seller must effect marine insurance for the entire transit.
Tag: RAW
Costs inclusive limit of indemnity
A limit of indemnity under a liability policy that applies to the insured’s own costs as well as damages and claimant’s costs. Defence costs are commonly a part of the overall limit of indemnity applicable to directors’ and officers’ liability policies. See INDEMNITY LIMITS.
Costs Of Uncertainty
The costs to business, families, and society that arise out of concern about potential losses even if they never occur.
Costs of Uncertainty Itself
The costs of businesses, families and society that arise out of a concern about potential losses even if they never occur.