Protection and Insurance of property. Such property, while in Seller’s care, custody or control, shall be held at Seller’s risk, shall be kept free of encumbrances and insured by Seller at Seller’s expense in an amount equal to the replacement cost thereof with loss payable to Buyer and shall be subject to removal at Buyer’s written request, in which event Seller shall prepare such property for shipment and redeliver to Buyer in the same condition as originally received by Seller, reasonable wear and tear excepted, all at Seller’s expense. All such property shall be clearly marked as Buyer’s property either by mark on any such property or, if a number of goods are held in a consignment storage, by identifying that all goods in that consignment storage are at Buyer’s property.
Protection and Insurance of property. Such property, while in Seller’s care, custody or control, shall be held at Seller’s risk, kept free of encumbrances (except as created by Buyer), and insured by Seller, at Seller’s expense, in an amount equal to the replacement cost thereof with loss payable to Buyer, and subject to removal at Buyer’s request, in which event, Seller shall prepare such property for shipment and redeliver it to Buyer in the same condition as originally received by Seller, reasonable wear and tear excepted, all at Seller’s expense. At Buyer’s request, Seller shall provide Buyer with an ACCORD form certificate of personal property insurance or other evidence of the foregoing coverage acceptable to Buyer. On all such policies, Buyer shall be named as an additional insured and loss payee. All such property shall be clearly marked as Buyer’s property, either by mark on any such property or, if a number of goods are held in consignment storage, by identifying all such goods in that consignment storage as Buyer’s property.
