Common use of PRICE BASIS Clause in Contracts

PRICE BASIS. 3.1 Unless otherwise agreed, price of the material shall be free on board (stowed), Xxxxxxxxxxxxx Xxxx, Xxxxxxxxxxxxx, Xxxxx or Xxxxxxxxxx Xxxx, Xxxxxxxxxxxxx, Xxxxx or any other port as per RINL VSP as specified in NIT. 3.2 (Applicable for steel products only): The BUYER shall arrange at his own cost and expense to provide materials including dunnaging required for stowing, dunnaging, lashing, shoring and securing of the material inside the hatches/holds of the vessel at load port to the Master of the vessel nominated by BUYER and accepted by SELLER for delivery as per clause 5., herein below. Labour charges involved in the work of dunnaging/stowing/ lashing/ shoring and securing of the materials shall be borne by SELLER. 3.3 SELLER shall under no circumstances be liable for any costs/ charges/ liabilities/ insurance/ freight/ taxes or duties/ levies/ fees whatsoever nature, including by reason of importation of the material in the country of import, arising subsequent to the delivery of the materials as per the agreement on the basis of FOBST. 3.4 Marine Insurance to be covered by the BUYER.

PRICE BASIS. 3.1 Unless otherwise agreed, price of the material shall be free on board (stowed), Xxxxxxxxxxxxx Xxxx, Xxxxxxxxxxxxx, Xxxxx or Xxxxxxxxxx Xxxx, Xxxxxxxxxxxxx, Xxxxx or any other port as per RINL VSP as specified in NIT. 3.2 (Applicable for steel products only): The BUYER shall arrange at his own cost and expense to provide materials including dunnaging required for stowing, dunnaging, lashing, shoring and securing of the material inside the hatches/holds of the vessel at load port to the Master of the vessel nominated by BUYER and accepted by SELLER for delivery as per clause 5., herein below. Labour charges involved in the work of dunnaging/stowing/ lashing/ shoring and securing of the materials shall be borne by SELLER. 3.3 SELLER shall under no circumstances be liable for any costs/ charges/ liabilities/ insurance/ freight/ taxes or duties/ levies/ fees whatsoever nature, including by reason reson of importation of the material in the country of import, arising subsequent to the delivery of the materials as per the agreement on the basis thebasis of FOBST. 3.4 Marine Insurance to be covered by the BUYERtheBUYER.