Common use of DELIVERY, RISK & TITLE Clause in Contracts

DELIVERY, RISK & TITLE. 7.1 Unless otherwise expressly stated in the Contract, the Goods will be delivered Carriage Paid, to the Seller, the destination named in the Contract; freight, packing and handling will be charged at Seller’s standard rates. Risk of loss of or damage to the Goods shall pass to Buyer upon delivery as aforesaid and Buyer shall be responsible for insurance of the Goods after risk has so passed.

DELIVERY, RISK & TITLE. 7.1 Unless otherwise expressly stated in the Contract, the Goods will be delivered Carriage Paid, Ex Works to the Seller, the destination named in the Contract; freight, packing and handling will be charged at Seller’s standard rates. Risk of loss of or damage to the Goods shall pass to Buyer upon delivery as aforesaid and Buyer shall be responsible for insurance of the Goods after risk has so passed. Delivery terms used in the Contract shall be defined in accordance with the latest version of Incoterms.