Common use of Title and Insurance Clause in Contracts

Title and Insurance. (a) Unless and until otherwise agreed in writing on the Purchase Order, or elsewhere in these Terms, all Product shall be delivered FCA at Seller's designated location (in accordance with INCOTERMS® 2010). Save and except as provided in the Agreement, title to and risk of loss, damage and contamination of the Product passes to Buyer when Seller makes the Product available to the carrier at the point of shipment and the Product shall be deemed and considered "delivered" at such time. Upon transfer of ownership of the Product to Buyer, Xxxxx assumes all risks and obligations, and Seller shall not be liable to Buyer for any damage or injury to people, property or the environment resulting from or in connection with the Product. (b) Buyer undertakes and agrees to maintain at all times, until the purchase price of the Products is paid in full, with an insurance company reasonably satisfactory to Seller, insurance for damage to the products for their invoiced value and shall furnish to Seller upon request, a current certificate of insurance showing Seller as loss payee and providing that Seller shall receive at least ten (10) business days prior written notice of any modification or cancellation of the insurance policy.

Title and Insurance. (a) Unless and until otherwise agreed in writing on the Purchase Order, or elsewhere in these Terms, all Product shall be delivered FCA at Seller's designated location (in accordance with INCOTERMS® 2010). Save and except as provided in the Agreement, title to and risk of loss, damage and contamination of the Product passes to Buyer when Seller makes the Product available to the carrier at the point of shipment and the Product shall be deemed and considered "delivered" at such time. Upon transfer of ownership of the Product to Buyer, Xxxxx assumes all risks and obligations, and Seller shall not be liable to Buyer for any damage or injury to peoplepople, property or the environment resulting from or in connection conne ction with the Product. (b) Buyer undertakes and agrees to maintain at all times, until the purchase price of the Products is paid in full, with an insurance company reasonably satisfactory to Seller, insurance for damage to the products for their invoiced value and shall furnish to Seller upon request, a current certificate of insurance showing Seller as loss payee and providing that Seller shall receive at least ten (10) business days prior written notice of any modification or cancellation of the insurance policy.