Insurance and Risk. 26.1 Insurance (a) CBH will, to the extent that it is reasonably practicable, take out and keep in force an insurance policy in respect to the risk of loss or damage to the Grain whilst: (i) it is held in the Sites; and (ii) during transit organised by CBH from the Receival Site to an Integrated Site. (b) CBH will advise the Customer if it cannot gain insurance coverage as detailed above. 26.2 Transfer of risk (a) Subject to clause 25, the risk of loss or damage to Grain is transferred to the Customer at the point in time when the Grain exits the Outturning spout of a Site into a form of a Grain transportation vehicle with the exception of clauses 26.2(b), 26.2(c) and 26.2(d). (b) If the Customer has Grain loaded into: (i) containers pursuant to the Container Loading Services, then risk of Grain loss or damage is transferred to the Customer: A. if the Customer utilises CBH’s transport services, immediately upon delivery of the container at the nominated Container Terminal; and
Appears in 5 contracts
Samples: Grain Services Agreement, Grain Services Agreement, Grain Services Agreement
