Consequential loss

04.07.2013 09:46

Consequential loss

1) The losses (ie financial) incurred as a result of another event (eg the road haulier’s loss of business/profits from his vehicle being off the road due to an accident). It is possible to insure against such losses.

Source: David Lowe. The Dictionary of Transport and Logistics. Kogan Page, 2002. – P.47 (288 p.)




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