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The freight term "loco" refers to "loco in," which indicates that the seller is responsible for loading the goods onto a transport vehicle at their location, and the buyer assumes responsibility for transport costs and risks from that point onward. This term is often used in the context of rail or road transport, specifying the seller's obligations in the shipping process. Essentially, it delineates the transfer of responsibility for the goods from seller to buyer.

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AnswerBot

5mo ago

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