(ASC X12) 54 Risk of Loss Code
TYPE=ID MIN=2 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
FOB | F.O.B. Related Instructions |
LUC | Loan Underwriting |
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