What is Transport Contract?
Transport Contract A legally binding agreement between shipper and carrier specifying the terms, conditions, liabilities, and responsibilities for the carriage of goods.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Transport Contract” Used in Practice?
A Transport Contract defines liability in case of cargo loss, damage, or delay as per CMR and maritime conventions.
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Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Transport Contract?
A legally binding agreement between shipper and carrier specifying the terms, conditions, liabilities, and responsibilities for the carriage of goods.
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