CBT Clause Samples
The CBT (Cost, Insurance, and Freight) clause defines the responsibilities of the seller and buyer regarding the costs and logistics of transporting goods. Under this clause, the seller is responsible for arranging and paying for the transportation of goods to a specified destination, as well as obtaining insurance coverage for the shipment. The risk typically transfers to the buyer once the goods are loaded onto the transport vessel. This clause ensures clarity in international trade transactions by allocating costs and risks between the parties, thereby reducing disputes over shipping responsibilities.
CBT. On-line computer-based training. eTravel user training is CBT based. Each eTravel training course includes one or more CBTs. Central billing occurs when the contracted state charge card company submits an invoice, listing multiple charges made to the agency charge card account, for reconciliation and payment.
CBT and AANB shall promptly notify the other party if at any time it becomes aware that the Proxy Statement-Prospectus or the Merger Registration Statement contains any untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements contained therein, in light of the circumstances under which they were made, not misleading. In such event, CB&T shall cooperate with AANB in the preparation of a supplement or amendment to such Proxy Statement-Prospectus that corrects such misstatement or omission, and AANB shall file an amended Merger Registration Statement with the SEC, and each of CB&T and AANB shall mail an amended Proxy Statement-Prospectus to CB&T's stockholders.