08/22/2021
(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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