Export Drop-Shipments Sample Clauses
The Export Drop-Shipments clause defines the terms under which goods are shipped directly from a supplier to a customer in another country, bypassing the seller’s physical possession of the goods. Typically, this clause outlines the responsibilities for export documentation, compliance with international trade regulations, and allocation of shipping costs and risks between the parties. Its core function is to clarify the logistics and legal obligations involved in international drop-shipment transactions, thereby reducing misunderstandings and ensuring smooth cross-border fulfillment.
Export Drop-Shipments. If agreed, ITT will secure all export licenses and permits required by the U.S. Government for drop-shipments abroad. However, it shall be the sole responsibility of Buyer, and the importing entity as identified on the End User Statement, to provide any additional import documentation that the receiving country may require.