EDI Blog

(ASC X12) 54 Risk of Loss Code

TYPE=ID MIN=MAX=2

Code specifying where responsibility for risk of loss passes

Codes

BY Risk of Loss in Transit to Destination is Buyer’s
FE Risk of Loss in Transit to Freight Equalization Point is Seller’s
IM Shared Risk and Investor Markets
IR Investor Risk
LR Lender Risk
PP Risk of Loss in Transit to Pool Point is Seller’s
SE Risk of Loss in Transit to Destination is Seller’s
SR Shared Risk and Lender Markets
ZZ Mutually Defined

Appears in

FOBF.O.B. Related Instructions
LUCLoan Underwriting
Review post

Related Article

(EDIFACT) 7143 Item type identification code

TYPE=AN MIN= MAX=3 Coded identification of an item type. Codes (ICNCP) A code established by the International Code of 1) A 12-digit code that uniquely identifies the…

(ASC X12) 1495 Query Type Code

TYPE=ID MIN=1 MAX=1 Code indicating what information is provided in a query request Codes I Subshipment Chassis Identification N Railcar, Trailer or Container V Subshipment Vehicle Identification…

(ASC X12) 1653 Shipment Appointment Reason Code

TYPE=ID MIN=2 MAX=2 Code indicating the reason that a pick-up or delivery appointment status code was transmitted. Codes A1 Missed Delivery A4 Holiday, Closed A5 Appointment Already…

Leave a Reply

Your email address will not be published. Required fields are marked *