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.
POPULAR SAMPLE Copied 1 times
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.
View SourceView Similar (3)
Custody Transfer. Gatherer will install custody transfer and measurement facilities at the connection location referenced above at Shipper’s sole cost.
View SourceView Similar (5)
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.
View SourceView Similar (2)
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.
View SourceView Similar (2)
Custody Transfer. Custody transfer points for Frontier delivery and ETCo purchase shall be as designated in Exhibit 2.
View Source
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
View Source
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.
View Source
Custody Transfer. Gatherer will install custody transfer and measurement facilities at the connection location referenced above at Producers’ sole cost.
View Source

Related to Custody Transfer

  • Transfer Subject to Section 6(b)(ii), neither this Agreement nor any interest or obligation in or under this Agreement may be transferred (whether by way of security or otherwise) by either party without the prior written consent of the other party, except that:— (a) a party may make such a transfer of this Agreement pursuant to a consolidation or amalgamation with, or merger with or into, or transfer of all or substantially all its assets to, another entity (but without prejudice to any other right or remedy under this Agreement); and (b) a party may make such a transfer of all or any part of its interest in any amount payable to it from a Defaulting Party under Section 6(e). Any purported transfer that is not in compliance with this Section will be void.

  • Equity Transfer 1.1 Party B agrees to transfer the Relevant Equity Interest to Party A with each of the Party B transferring the all of the registered capital as set forth in the Attachment A. Party A agrees to accept such transfer. After the closing of the transfer, Party A is to hold a 100% equity stake in Party B. 1.2 As the consideration for the equity transfer, Party A shall pay each of the Party B the number of RMB Yuan setting forth in the Attachment A pursuant to Article A. 1.3 Party B agrees to the Equity Transfer under this Article, and is willing to and shall procure the other shareholders (other than Party B) of Party C to be willing to sign necessary documents including resolutions of shareholders’ meeting and letters on waiver of preemptive right to acquire the Relevant Equity Interest in respect thereof and assist in completing other necessary formalities for the Equity Transfer. 1.4 Party B and Party C shall be jointly and separately responsible for taking necessary actions, including but not limited to signing this Agreement, adopting the resolutions of shareholders’ meeting and the amendments to the articles of association etc., in order to achieve the transfer of equity interest from Party B to Party A, and responsible for completing all governmental approval or industrial and commercial registration formalities within ten working days from the sending of the notice of exercise by Party A in accordance with the provisions of the Equity Option Agreement to make Party A become the registered owner of such equity interest in the register.

  • Transfer or Sale The Investor understands that (i) the Securities may not be offered for sale, sold, assigned or transferred unless (A) registered pursuant to the Securities Act or (B) an exemption exists permitting such Securities to be sold, assigned or transferred without such registration; (ii) any sale of the Securities made in reliance on Rule 144 may be made only in accordance with the terms of Rule 144 and further, if Rule 144 is not applicable, any resale of the Securities under circumstances in which the seller (or the Person through whom the sale is made) may be deemed to be an underwriter (as that term is defined in the Securities Act) may require compliance with some other exemption under the Securities Act or the rules and regulations of the SEC thereunder.

  • Charge / Transfer If the separate document of title or strata title for the Property has been issued whether before on or after the date of auction sale, the Assignee shall not be required to procure a Memorandum of Transfer nor to register its charge as prescribed by the National Land Code 1965 or Sarawak Land Code or the Land Ordinance Cap. 68 of the Laws of Sabah (where applicable) in favour of the Purchaser from the Developer and/or Proprietor (as the case may be).

  • Limitations on Execution and Delivery Transfer Etc of Receipts Suspension of Delivery Transfer Etc As a condition precedent to the execution and Delivery, registration, registration of transfer, split-up, subdivision combination or surrender of any Receipt, the delivery of any distribution thereon or withdrawal of any Deposited Securities, the Depositary or the Custodian may require (i) payment from the depositor of Shares or presenter of the Receipt of a sum sufficient to reimburse it for any tax or other governmental charge and any stock transfer or registration fee with respect thereto (including any such tax or charge and fee with respect to Shares being deposited or withdrawn) and payment of any applicable fees and charges of the Depositary as provided in the Deposit Agreement and in this Receipt, (ii) the production of proof satisfactory to it as to the identity and genuineness of any signature or any other matter contemplated in the Deposit Agreement and (iii) compliance with (A) any laws or governmental regulations relating to the execution and Delivery of Receipts or ADSs or to the withdrawal or Delivery of Deposited Securities and (B) such reasonable regulations and procedures as the Depositary may establish consistent with the provisions of the Deposit Agreement and applicable law. The issuance of ADSs against deposits of Shares generally or against deposits of particular Shares may be suspended, or the issuance of ADSs against the deposit of particular Shares may be withheld, or the registration of transfers of Receipts in particular instances may be refused, or the registration of transfer of Receipts generally may be suspended, during any period when the transfer books of the Depositary are closed or if any such action is deemed necessary or advisable by the Depositary or the Company, in good faith, at any time or from time to time because of any requirement of law, any government or governmental body or commission or any securities exchange on which the Receipts or Shares are listed, or under any provision of the Deposit Agreement or provisions of, or governing, the Deposited Securities or any meeting of shareholders of the Company or for any other reason, subject in all cases to Article (22) hereof. The Depositary shall not issue ADSs prior to the receipt of Shares or deliver Shares prior to the receipt and cancellation of ADSs.