While 25 tractor mowers from the John Deere distribution center in Des Moines,Iowa were being shipped via shipment contract by EXpress Trucking to the Home Depot in Little Rock,Arkansas,the truck carrying the shipment was hijacked and all the mowers stolen.Since the mowers were being shipped by a shipment contract,EXpress bears the risk of loss.

Shipment Contract

A type of sales contract where the seller is required to send the goods to the buyer, but the risk of loss passes when the goods are handed to the carrier.

Risk of Loss

A legal term referring to the responsibility for damage, destruction, or loss of goods, especially in the context of the sale or transport of those goods.

Hijacked

When something is hijacked, it is taken control of forcefully or unlawfully, often referring to vehicles like planes or trucks, but also can describe situations where control is usurped illegally or unethically.