{"@context":"https://schema.org","@type":"DefinedTerm","name":"Termination in case of insolvency","description":"When a business partner becomes insolvent or an insolvency proceeding is initiated, freight forwarders or shippers may terminate the contract invoking an insolvency termination clause. This protects the remaining party from further performance obligations and credit default risk. Claims are treated as general unsecured debts in insolvency distribution; early termination reduces the terminated party's stake in the distribution pool. Such clauses are standard in international trade and logistics t","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/termination-in-case-of-insolvency","inLanguage":"en","dateModified":"2026-06-13T18:32:56.575715","citation":"https://de.wikipedia.org/wiki/Insolvenz","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/termination-in-case-of-insolvency","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"Termination in case of insolvency · When a business partner becomes insolvent or an insolvency proceeding is initiated, freight forwarders or shippers may terminate the contract invoking an insolvency termination clause. · Quelle: https://de.wikipedia.org/wiki/Insolvenz"}