The damages payable amount is the specific monetary sum owed by a carrier, insurer, or supplier to compensate for documented loss or damage to goods in transport or logistics operations.
Source: https://www.law.cornell.edu/wex/damages
Tools that match this term
You might also be interested in these terms
Analyze all 11 Incoterms 2020: cost matrix, risk timeline, insurance gap detector and customs responsibility – free, no login required.
Weekly: Top news, industry facts and insights from the world of logistics – free.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.