damages settlement clause

A contractual provision whereby claims arising from transport, damages, or loss are settled in advance by a predetermined settlement (fixed payment or...

The process by which an insurer, carrier, or other liable party reviews, assesses, and settles a claim for damage, loss, or delay in transport, determ...

An out-of-court offer to settle damages arising from an incident, typically by a monetary payment or other remedial action, in order to avoid litigati...

A settlement or reconciliation of levies, taxes, duties and charges due to authorities in the context of transport or logistics services; it aggregate...

The risk that a transaction, order, or settlement cannot be completed as agreed, due to counterparty default, delays, or errors in payment or document...

A formal closure of a damage claim through a settlement between the parties; may include payment, release of claims, and the termination of further li...