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X12 004040 Release
Transaction Set
Segments
Elements
Reference
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X12 Release 004040
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Elements
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54 Risk of Loss Code
54 Risk of Loss Code
Code specifying where responsibility for risk of loss passes
Type
ID
Length
Max 2 / Min 2
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