Rye Terms

Rye Terms

Summary of Rye Terms

A condition of sale often included in contracts for shipment of grain in bulk whereby the seller warrants the condition of the goods on arrival, less a stipulated allowance for deterioration. This condition is most commonly applied when shipment is to be made by tanker, rather than by dry- bulk type vessels. See also TALE QUALE.

(Main Author: William J. Miller)


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