Glossary
Without Reserve
Tags: Glossary
A type of auction where the seller guarantees the authenticity of the goods being sold.
What does Without Reserve mean?
In the shipping industry, without reserve means that a shipment is sold without any warranty or guarantee. This can apply to various aspects of the shipment, such as the condition of the cargo, the accuracy of the documentation, or the availability of the transport. Buyers who purchase goods without reserve assume all risks and liabilities associated with the shipment.
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