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GlossaryEN1 min readUpdated: Jun 13, 2026

risk period

Transfer of risk is the moment at which ownership and insurance liability of a shipment changes hands, marking the start of the risk period.

Quick Answer

Transfer of risk is the moment at which ownership and insurance liability of a shipment changes hands, marking the start of the risk period.

In international trade, this transition is precisely defined by Incoterms (e.g., EXW, FOB, CIF, DDP) and determines who bears responsibility for loss or damage during transit and which party must…

From transfer of risk until delivery to the consignee, the buyer assumes all liability, even though the goods may still be in the physical custody of the seller or freight forwarder.

Last updated: 13 June 2026Published: 27 January 2026

Source: https://www.kuehne-nagel.com/en/glossary

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Definition & Explanation

Transfer of risk is the moment at which ownership and insurance liability of a shipment changes hands, marking the start of the risk period. In international trade, this transition is precisely defined by Incoterms (e.g., EXW, FOB, CIF, DDP) and determines who bears responsibility for loss or damage during transit and which party must maintain insurance from that point forward. From transfer of risk until delivery to the consignee, the buyer assumes all liability, even though the goods may still be in the physical custody of the seller or freight forwarder. The exact point of transfer is critical for claims and insurance settlements.

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Recommended format: Source: Freight Academy – risk period (https://www.freight-academy.com/en/glossary/risk-period), accessed 2026-09-27
APA style: Freight Academy Editorial Team. (2026). risk period. Freight Academy. https://www.freight-academy.com/en/glossary/risk-period
BibTeX: @misc{riskperiod2026, title = {risk period}, author = {{Freight Academy Editorial Team}}, year = {2026}, url = {https://www.freight-academy.com/en/glossary/risk-period}, note = {Freight Academy, accessed 2026-09-27} }

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