Perishable goods definition

Perishable goods means personal property maintained under controlled conditions for its preservation, and susceptible to loss or damage if the controlled conditions change.

Perishable goods means any Goods liable to waste, deterioration or spoilage, and includes without limitation fruit, vegetables, dairy products, meat, and animals. PPSA means the Personal Property Securities Xxx 0000 (Cth).

Perishable goods means such of the Goods as shall be in fact or law liable to deteriorate in quality and/or value and shall include, but not be limited to, fruits, vegetables, dairy products, meat, etc.

Examples of Perishable goods in a sentence

• EXAMPLE 1 (Underinsurance)When:The actual value of “perishable goods” at the location of loss at the time of the Covered Cause of Loss is $200,000.The Perishable Goods limit is $100,000 @ 80% coinsurance.The loss under Perishable Goods coverage resulting from the Covered Cause of Loss is$60,000.The Perishable Goods deductible is $5,000.

• Step 1: $200,000 x 80% = $160,000Step 2: $100,000/$160,000 = .625 Step 3: $60,000 x .625 = $37,500 Step 4: $37,500 - $5,000 = $32,500The total Perishable Goods loss recovery, after deductible, would be $32,500.

• Except as specifically provided for under Civil Authority, Contingent Business Income, Off Premises Equipment Breakdown, Service Interruption, paragraph (2) of Data Restoration and paragraph (2) of Perishable Goods, such equipment must be at a location indicated in the Declarations and must be owned or leased by you, or operated under your control.

• Step 1: $100,000 x 80% = $80,000Step 2: $100,000/$80,000 = 1.25Coinsurance does not apply.Step 3: $60,000 - $5,000 = $55,000The total Perishable Goods loss recovery, after deductible, would be $55,000.

• However, this exclusion does not apply to “spoilage” of personal property that is “perishable goods” to the extent that such “spoilage” is covered under Perishable Goods coverage.

More Definitions of Perishable goods

Perishable goods means stock preserved and maintained under controlled conditions and susceptible to loss or damage if the controlled conditions change.

Perishable goods means any goods of a perishable nature and includes goods which require temperature control or goods with a short shelf-life.

Perishable goods means goods considered by customs authorities to deteriorate by being kept for up to 20 days from the date of their suspension of release or detention;

Perishable goods means goods that rapidly decay due to their natural characteristics, in particular in the absence of appropriate storage conditions;

Perishable goods means Goods that over a short period of time may be physically destroyed or so changed, altered or deteriorated and/or of un-merchantable qualities and/or have lost their commercial identity and which no longer fulfill their contract description.

Perishable goods means goods liable to rapid deterioration and, in particular, means fish, fruit, vegetables, potatoes, plants, bread, meat, game, butter, eggs, milk, cheese, birds, poultry, small animals and any other thing which the Managing Director may by notice in the Gazette declare to be perishable goods;

Perishable goods means any Goods which are subject to waste, deterioration or spoilage over time or through contact with other goods or elements and include fruit, vegetables, dairy products, meat, newspapers and magazines.