Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Shipment
1. The transportation of goods; esp., the delivery of goods to a carrier and subsequent issuance of a bill of lading. 2. The goods so shipped; an order of goods.
drop-shipment delivery
A manufacturer's shipment of goods directly to the consumer rather than initially to a wholesaler. ( If the wholesaler takes the order, it may receive part of the profit from the sale.
shipment contract
A contract in which a seller bears the risk of damage to the items sold only until they are brought to the place of shipment. ( If a contract for the sale of goods does not address the terms of delivery, it is presumed to be a shipment contract. UCC ยงยง 2-319, 2-504, 2-509. Cf. destination contract."A severable contract ... is one the consideration of which is, by its terms, susceptible of apportionment on either side, so as to correspond to the unascertained consideration on the other side, as a contract to pay a person the worth of his services so long as he will do certain work; or to give a certain price for every bushel of so much corn as corresponds to a sample." Ivan Horniman, Wharton's Law Lexicon 215 (13th ed. 1925).
transshipment. Maritime law
The act of taking cargo out of one ship and loading it on another. - transship, ub.