Common use of Shipment to Storage Clause in Contracts

Shipment to Storage. Seller shall be responsible for all storage costs prior to Delivery except in the case where, after the Scheduled Ready to Ship (“RTS”) Date (“Scheduled RTS Date”), any part of the Equipment cannot be shipped to the Delivery Point because Purchaser cannot accept delivery due to reasons other than those caused by Seller. If Purchaser cannot accept delivery after the Scheduled RTS Date, Seller may ship such part of Equipment to storage upon written notice to Purchaser and approval by Purchaser of the proposed storage facility, which approval shall not be unreasonably withheld, conditioned, or delayed. For the purposes of this section, unless otherwise specified herein, the Scheduled RTS Date for any part of the Equipment shall be the date that is four (4) weeks prior to the date for delivery of such part as is specified in Attachment 3 (“Schedule of Values”). Upon Purchaser’s notice of its ability to accept Delivery of the Equipment, Seller shall resume transportation of the Equipment to the Delivery Point. To the extent the Equipment or part thereof is placed in storage as provided under this Article after the Scheduled RTS Date, the following conditions shall apply: