Approved Shipper definition
Examples of Approved Shipper in a sentence
Alumina owned by any Borrower, which otherwise qualifies as Eligible Inventory, and which is being transported within the United States by an Approved Shipper to one or more Permitted Inventory Locations owned or leased by such Borrower and such alumina is insured in a manner reasonably acceptable to the Agent.
Approved Shipper - any reputable and creditworthy shipper or freight forwarder which has entered into a bailee agreement with Agent on terms reasonably acceptable to Agent regarding in-transit Inventory and which transports raw materials and finished goods Inventory from overseas to an Obligor’s distribution centers.