Common use of Interpretation of Trade Terms Clause in Contracts

Interpretation of Trade Terms. Trade terms shall be interpreted in accordance with Incoterms 2000. Title shall pass to Buyer at the same time as the risks of loss or damage under Incoterms 2000. If this Contract does not specify trade terms as defined in Incoterms 2000, title and risk of loss shall pass to Buyer upon delivery into the custody of the carrier. For pipeline deliveries, title to and risk of loss of Product will transfer from Seller to Buyer when Product passes the connecting flange of Seller’s pipeline to the inlet flange of Buyer’s receiving pipeline at delivery point.

Appears in 3 contracts

Samples: Sales Contract (Styron Canada ULC), Sales Contract (Styron Investment Holdings Ireland), Sales Contract (Trinseo S.A.)

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Interpretation of Trade Terms. Trade terms shall be interpreted in accordance with Incoterms INCOTERMS 2000. Title shall pass to Buyer at the same time as the risks of loss or damage under Incoterms INCOTERMS 2000. If this Contract does not specify trade terms as defined in Incoterms INCOTERMS 2000, title and risk of loss shall pass to Buyer upon delivery into the custody of the carrier. For pipeline deliveries, title to and risk of loss of Product will transfer from Seller to Buyer when Product passes the connecting flange of Seller’s pipeline to the inlet flange of Buyer’s receiving pipeline at delivery point.

Appears in 3 contracts

Samples: Ethylene Sales Contract (Styron Canada ULC), Ethylene Sales Contract (Styron Investment Holdings Ireland), Ethylene Sales Contract (Trinseo S.A.)

Interpretation of Trade Terms. Trade terms shall be interpreted in accordance with Incoterms INCOTERMS 2000. Title shall pass to Buyer at the same time as the risks of loss or damage under Incoterms INCOTERMS 2000. If this Contract does not specify trade terms as defined in Incoterms INCOTERMS 2000, title and risk of loss shall pass to Buyer upon delivery into the custody of the carrier. For pipeline deliveries, deliveries title to and risk of loss of Product will transfer from Seller to Buyer when Product product passes the connecting flange of Seller’s pipeline to the inlet flange of Buyer’s receiving pipeline at delivery point.

Appears in 2 contracts

Samples: Sales Contract (Styron Canada ULC), Sales Contract (Trinseo S.A.)

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Interpretation of Trade Terms. Trade terms shall be interpreted in accordance with Incoterms INCOTERMS 2000. Title shall pass to Buyer at the same time as the risks of loss or damage under Incoterms INCOTERMS 2000. If this Contract does not specify trade terms as defined in Incoterms INCOTERMS 2000, title and risk of loss shall pass to Buyer upon delivery into the custody of the carrier. For pipeline deliveries, deliveries title to and risk of loss of Product will transfer from Seller to Buyer when Product passes the connecting flange of Seller’s pipeline to the inlet flange of Buyer’s receiving pipeline at delivery point.

Appears in 1 contract

Samples: Sales Contract (Styron Investment Holdings Ireland)

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