recourse reservation

Recourse is the right to claim reimbursement of costs, damages, or losses arising from a transaction from another party. In logistics and transport, i...

The term KV reservation is not a standardized term in common logistics glossaries. Literally, it denotes a reservation connected to the abbreviation K...

A recourse quote is a price quotation issued by a party that has incurred costs in a contract or shipment and seeks reimbursement or recovery from ano...

A recourse claim is a right of one party against another to recover, from that party, the damages it has already paid to a third party, typically when...

The term does not appear to be an established specialist term in logistics. Without additional context or a source, a precise, generally accepted defi...

A legal right of a party that has paid compensation to a third party to seek reimbursement from the party liable for the loss or damage.