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Inherent vice

Related Terms:

intrinsic preservability in built tendency shipper liability evaluation shortcoming insurability legal acceptability degrade

Noun

Definition: An intrinsic shortcoming in an object, especially an object's in-built tendency to degrade, which adversely affects its evaluation, preservability, insurability, or acceptability to be transported by a shipper, and which usually limits the legal liability of those who handle or care for it.

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