Common use of TITLE AND RISK OF LOSS; CUSTODY AND CONTROL Clause in Contracts

TITLE AND RISK OF LOSS; CUSTODY AND CONTROL. Title and the risk of loss or damage to the Product shall remain at all times with the owner of the Product. For Marine Vessel deliveries under the BAUTA and throughput through the Pipelines under this Agreement, Operator will have custody of Product from the time it passes the flange connecting the delivery line of the delivering Marine Vessel to the time it passes from the Pipelines to the flange connecting the Pipelines and the Wilmington Refinery. For Marine Vessel loading under the BAUTA of Products throughput through the Pipelines under this Agreement, Operator will have custody of Product from the time it passes the flange connecting the Wilmington Refinery and the Pipelines to the time it passes the manifold of the Marine Vessel. All Product in the Pipelines shall remain in the custody of the Operator.

TITLE AND RISK OF LOSS; CUSTODY AND CONTROL. Title and the risk of loss or damage to the Product shall remain at all times with the owner of the Product, subject to any lien in favor of Operator under Applicable Laws. For Marine Vessel deliveries under the BAUTA and throughput through the Pipelines under this Agreementdeliveries, Operator will have custody of Product from the time it passes the flange connecting the delivery line of the delivering Marine Vessel to the time it either passes the manifold of the receiving third party pipelines or it passes from the Pipelines to the flange connecting the Pipelines and the Wilmington Refinery. For Marine Vessel loading under the BAUTA of Products throughput through the Pipelines under this Agreementloading, Operator will have custody of Product from the time it passes the flange connecting the Wilmington Refinery and the Pipelines to the time it passes the manifold of the Marine Vessel. All Product in the Pipelines Staging Facility shall remain in the custody of the Operator.