Bona Fide
Also known as: bona fide, in good faith, genuine, legitimate
A Latin term meaning 'in good faith,' referring to actions, statements, agreements, or intentions that are honest, genuine, and made without fraud or deception.
Bona fide is commonly used in shipping, logistics, legal, and commercial transactions to indicate that a party is acting honestly and with legitimate intent. A bona fide offer, buyer, supplier, or claim is one that is genuine and made without the intention to mislead or deceive. The term is frequently used in contracts, chartering negotiations, insurance, and international trade to distinguish legitimate business dealings from fraudulent or bad-faith actions.
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