{"@context":"https://schema.org","@type":"DefinedTerm","name":"Transfer of Risk","description":"Transfer of risk defines the precise moment at which the buyer assumes liability for loss, damage, or deterioration of goods – regardless of who holds legal title. In international trade, this point is determined by the Incoterms rule agreed in the sales contract: under FOB, risk passes once the goods are on board the vessel; under CIP, the seller bears risk until handover to the first carrier. The distinction between transfer of risk and transfer of ownership is critical for insurance coverage ","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/transfer-of-risk","inLanguage":"en","dateModified":"2026-06-22T10:44:05.873551","citation":"https://iccwbo.org/business-solutions/incoterms-rules/","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/transfer-of-risk","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"Transfer of Risk · Transfer of risk defines the precise moment at which the buyer assumes liability for loss, damage, or deterioration of goods – regardless of who holds legal title. · Quelle: https://iccwbo.org/business-solutions/incoterms-rules/"}