Common use of Custody of Rail Receipts and Deliveries Clause in Contracts

Custody of Rail Receipts and Deliveries. For Product received by rail, custody shall pass to TLO when the switching locomotive used to transfer Customer’s rail cars to the Terminal is uncoupled from such rail cars at the Terminal.

Custody of Rail Receipts and Deliveries. For Product received receipts and deliveries by railrail for the Anchorage Terminal, custody shall pass to TLO when the switching locomotive used to transfer Customer’s rail cars to the Terminal is uncoupled from such rail cars at the Terminalnear-by yard of the Alaska Railroad Corporation.