In transport and logistics contracts, a settlement clause determines how damage claims for loss or harm to cargo are handled: instead of individual compensation, a fixed or formula-based indemnification is paid, thereby limiting the carrier's liability.
Source: https://de.wikipedia.org/wiki/Abgeltungsklausel
Tools that match this term
You might also be interested in these terms
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.