Custody Transfer Clause Samples
The Custody Transfer clause defines the point at which responsibility and ownership of goods shift from the seller to the buyer. Typically, this occurs at a specified location or upon completion of certain delivery conditions, such as when goods are loaded onto a carrier or received at the buyer’s facility. This clause is essential for clarifying which party bears the risk of loss or damage during transit, thereby preventing disputes and ensuring both parties understand their obligations during the shipping process.
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Custody Transfer. Custody of all NGLs delivered from the Company into the Medford Spheres shall be transferred from Company to Holdings at the Company’s meter. Title to all of Company’s NGLs received, stored, and handled by Holdings at the Medford Spheres shall remain at all times in Company’s name.
Custody Transfer. Gatherer will install custody transfer and measurement facilities at the connection location referenced above at Shipper’s sole cost.
Custody Transfer. (a) As of the Effective Time, custody of the crude oil held in the Delta Assets and in the Na Kika Assets (the “Crude Oil Inventory”) will be transferred to SHLX or Pecten as its designee, and SHLX, or Pecten as applicable, shall become responsible to each shipper or customer with an interest in the Crude Oil Inventory.
(b) As of the Effective Time, custody of the refinery gas held in the RGP Assets and NBR Assets (the “RG Inventory”) will be transferred to SHLX or Sand Dollar as its designee, and SHLX, or Sand Dollar as applicable, shall become responsible to Shell Chemical for its interest in the RG Inventory.
(c) From and after the Effective Time, the Purchasers and Sellers waive all claims and audit rights as to the Crude Oil Inventory and RG Inventory and the volumes, measurement, and quality thereof.
Custody Transfer. Officers of ▇▇▇▇▇▇▇ placing a prisoner in custody of ▇▇▇▇▇▇▇▇▇ will be required to remain in the immediate presence of the prisoner at all times until relieved of custody by Nisqually Corrections Staff. Booking out and/or release of ▇▇▇▇▇▇▇’▇ prisoners shall be the responsibility of ▇▇▇▇▇▇▇’▇ Officers. ▇▇▇▇▇▇▇ Officers shall immediately transport any prisoner that is refused booking off the Nisqually Reservation. The parties agree that dumping of inmates denied booking on or near the Nisqually Reservation shall be grounds for immediate for-cause termination of this Agreement.
Custody Transfer. Custody transfer points for Frontier delivery and ETCo purchase shall be as designated in Exhibit 2.
Custody Transfer. The Refinery transfers Gasoline and Distillates via the four pipelines and a loading rack located on the west boundary of the Refinery. The custody transfer points for the pipelines are the product meters located at the pipeline pump station and the loading rack meters located on the east side of the loading bays for the loading rack. Each pipeline has a meter prover in place, which is used on each batch and the loading rack has meter provings on a six months basis. The Loading rack meters are as follows: Meter Number Product Tanks
Custody Transfer. Officers of Tumwater placing a prisoner in custody of ▇▇▇▇▇▇▇▇▇ will be required to remain in the immediate presence of the prisoner at all times until relieved of custody by ▇▇▇▇▇▇▇▇▇ Corrections Staff. Booking out and/or release of Tumwater’s prisoners shall be the responsibility of Tumwater Officers.
Custody Transfer. Gatherer will install custody transfer and measurement facilities at the connection location referenced above at Producers’ sole cost.