trade loss


The normal and inevitable loss of weight during a shipment that is considered routine to particular job.  For example, loss caused by evaporation in ore shipments. May also include shortages due to other causes which are considered routine and inevitable. Theses losses are usually uninsurable underwriters will usually apply a deductible equal to, or more than, the expected loss percentage, in order to avoid paying inevitable losses.

Was this article helpful?

Need Support?

Can't find the answer you're looking for?
Contact Support