„Breakage“

What does Breakage stand for?

1. A monetary allowance that a manufacturer allots for compensation to a buyer for breakage to goods (usually fragile) while in shipment.

2. A fractional amount due either party in a transaction, for example in computing interest.

3. In marine insurance, “breakage” refers to breakage of fragile goods such as glass and china.

Source:

“Dictionary of International Trade: Handbook of the Global Trade Community.” 12th Edition. Edward G. Hinkelman. World Trade Press, 2015.

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