Common use of International Purchases Clause in Contracts

International Purchases. The Seller / the Company shall be responsible for insuring the Products as per INCOTERM version 2010. However, in the event of any damage to the Products before the title passes to the Company, the Company shall be entitled to receive the claim from the Seller’s insurer to the extent the Company is entitled. The insurance provided by the Seller must be made to cover any damages or loss of the Products for full amount of the Products insurable value.

Appears in 24 contracts

Samples: General Terms and Conditions of Purchase, General Terms and Conditions of Purchase, General Terms and Conditions of Purchase

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International Purchases. The Seller / the Company shall be responsible for insuring the Products as per INCOTERM version 20102020. However, in the event of any damage to the Products before the title passes to the Company, the Company shall be entitled to receive the claim from the Seller’s insurer to the extent the Company is entitled. The insurance provided by the Seller must be made to cover any damages or loss of the Products for full amount of the Products insurable value.

Appears in 3 contracts

Samples: General Terms and Conditions of Purchase, General Terms and Conditions of Purchase, General Terms and Conditions of Purchase

International Purchases. The Seller / the Company shall be responsible for insuring the Products as per INCOTERM version 2010. However, in the event of any damage to the Products before the title passes to the Company, the Company shall be entitled to receive the claim claimed amount directly from the Seller’s insurer to the extent the Company is entitled. The insurance provided by the Seller must be made to cover any damages or loss of the Products for full amount of the Products insurable value.

Appears in 2 contracts

Samples: General Terms and Conditions of Purchase, General Terms and Conditions of Purchase

International Purchases. The Seller / Seller/ the Company shall be responsible for insuring the Products Goods as per INCOTERM version 2010. However, in the event of any damage to the Products Goods before the title passes to the Company, the Company shall be entitled to receive the proceeds of any claim from the Seller’s insurer to the extent the Company is entitled. The insurance provided by the Seller must be made to shall cover any damages damage to, or loss of of, the Products Goods for the full amount of the Products Goods’ insurable value.

Appears in 1 contract

Samples: General Terms and Conditions of Purchase

International Purchases. The Seller / the Company shall be responsible for insuring the Products as per INCOTERM INCOTERMS version 2010. However, in the event of any damage to the Products before the title passes to the Company, the Company shall be entitled to receive the claim from the Seller’s insurer to the extent the Company is entitled. The insurance provided by the Seller must be made to cover any damages or loss of the Products for full amount of the Products insurable value.

Appears in 1 contract

Samples: General Terms and Conditions of Purchase

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International Purchases. The Seller / the Company shall be responsible for insuring the Products as per - INCOTERM version 2010. However, in the event of any damage to the Products before the title passes to the Company, the Company shall be entitled to receive the claim from the Seller’s insurer to the extent the Company is entitled. The insurance provided by the Seller must be made to cover any damages or loss of the Products for full amount of the Products insurable value.

Appears in 1 contract

Samples: General Terms and Conditions of Purchase

International Purchases. The Seller / the Company shall be responsible for insuring the Products as per INCOTERM version 20102000. However, in the event of any damage to the Products before the title passes to the Company, the Company shall be entitled to receive the claim from the Seller’s insurer to the extent the Company is entitled. The insurance provided by the Seller must be made to cover any damages or loss of the Products for full amount of the Products insurable value.

Appears in 1 contract

Samples: General Terms and Conditions of Purchase

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