Indemnity/Release clause for advance payment of costs
Quelle: https://de.wikipedia.org/wiki/Freistellung
TL;DR
An indemnity/ release clause for advance payment of costs in a logistics/transport contract. It is a contractual provision under which a party (e.g., the carrier or forwarder) is relieved from certain claims, obligations, or costs if the client has provided an upfront prepayment for costs. The clause aims to reduce the service provider’s risk by covering or reimbursing costs paid …
An indemnity/ release clause for advance payment of costs in a logistics/transport contract. It is a contractual provision under which a party (e.g., the carrier or forwarder) is relieved from certain claims, obligations, or costs if the client has provided an upfront prepayment for costs. The clause aims to reduce the service provider’s risk by covering or reimbursing costs paid in advance and limiting liability for specified risks through the release.
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