33:799:301 Lecture Notes - Lecture 10: Product Defect, Federal Aviation Act Of 1958, Reverse Logistics
10 Apr 2017
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Document Summary
Intermodal is the use of multiple modes of transportation to execute a single transport shipment. Intermodal is growing substantially because it is fairly cost-efficient and cost-effective. The most common forms of intermodal transportation involve: Terms of sale is the delivery and payment terms agreed between a buyer and a seller. It establishes the point where ownership is transferred and payment clock starts. Seller states price at point of origin and agrees to load a carrier. Buyer selects the carrier and pays for the transportation. Title passes to the buyer when the shipment originates. Buyer assumes the risk for in-transit loss or damage. Seller arranges for transportation and adds charges to the sales invoice. Seller assumes the risk for in-transit loss or damage. Title does not pass to the buyer until delivery is completed. Pro - regulation tends to assure adequate transportation service throughout the country. Protects consumers from monopoly pricing, safety, and liability.
