Common use of Passing of Risk Clause in Contracts

Passing of Risk. Any agreed trade term shall be construed in accordance with the INCOTERMS® in force at the formation of the Agreement. If no trade term has been specifically agreed, delivery is Ex works (EXW). If in the case of delivery Ex Works (EXW) SANOVO, at the request of the Buyer, undertakes to send the Product to its destination, the risk will pass not later than when the Product is handed over to the first carrier.

Passing of Risk. Any agreed trade term shall be construed in accordance with the INCOTERMS® in force at the formation of the Agreement. If no trade term has been specifically agreed, delivery is Ex works (EXW). If in the case of delivery Ex Works (EXW) SANOVOSanovo, at the request of the Buyer, undertakes to send the Product spare parts to its destination, the risk will pass not later than when the Product is spare parts are handed over to the first carrier.