GlossaryEN1 min readUpdated: Jun 8, 2026
contracting party
Every transport and logistics service rests on a contract—and the contracting parties are all those named within it: shipper, logistics provider, carrier, freight forwarder.
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Source: https://de.wikipedia.org/wiki/Vertragspartner
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Incoterms 2020 Simulator: Who bears costs & risk?
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Every transport and logistics service rests on a contract—and the contracting parties are all those named within it: shipper, logistics provider, carrier, freight forwarder. In transport law, parties may assume different roles: the principal (who orders the service), the service provider (who performs it), and intermediaries such as the actual carrier. Each bears liability according to their contractual obligations.
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