TITLE AND RISK OF LOSS/INSURANCE. 16
10.1 Title to Supply Items 16 10.2 Risk of Loss 16 10.3 Insurance 16
TITLE AND RISK OF LOSS/INSURANCE. 1. Risks of loss or damage, as well as any additional costs due to events occurring after the time of delivery shall pass to the DISTRIBUTOR on delivery in accordance with C.I.F. Incoterms 2000.
2. The PRINCIPAL also has to procure marine insurance against the DISTRIBUTOR's risk of loss of or damage to the Products during the carriage only on minimum insurance coverage in accordance with C.I.F Incoterms 2000.
3. The DISTRIBUTOR shall at its own cost maintain insurance coverage against all risks which would normally be insured against by a prudent businessman in respect of products supplied to it commencing from the time when the Products surpass the rail of the carrying vessel and extending until such time as title in the Products passes to the DISTRIBUTOR in accordance with Par.1 above.
TITLE AND RISK OF LOSS/INSURANCE. Risks of loss or damage, as well as any additional costs due to events occurring after the time of delivery shall pass to the DISTRIBUTOR on delivery in accordance with C.I.F. Incoterms 2000.
TITLE AND RISK OF LOSS/INSURANCE. 1. Risks of loss or damage, as well as any additional costs due to events occurring after the time of delivery shall pass to the DISTRIBUTOR on delivery in accordance with C.I.F. Incoterms 2000: However, title to the Products per specified delivery shall pass to the DISTRIBUTOR only after payment for those particular Products has been received in full.
2. The PRINCIPAL also has to procure marine insurance against the DISTRIBUTOR's risk of loss of or damage to the Products during the carriage only on minimum insurance coverage in accordance with C.I.F Incoterms 2000.
3. The DISTRIBUTOR shall at its own cost maintain insurance coverage against all risks which would normally be Insured against by a prudent businessman in respect of products supplied to it commencing from the time when the Products surpass the rail of the carrying vessel and extending until such time as title in the Products passes to the DISTRIBUTOR in accordance with Par.1 above.
TITLE AND RISK OF LOSS/INSURANCE. 4.1 GM will select the assembly and shipping locations and the modes of transportation for delivery of Vehicles to Manufacturer. Risk of loss shall pass to Manufacturer upon delivery by GM to a carrier (F.O.B. GM's assembly plant), and actual and legal title similarly pass to Manufacturer but with restrictions for mutual benefit as further provided in this Agreement. Delivery shall be to Manufacturer's business premises identified on Exhibit A, unless GM decides another location is appropriate. Any claims for loss or damage to a Vehicle while in the possession of a carrier must be noted on the delivery receipt and submitted to GM.
4.2 Manufacturer's purchase and possession of Vehicles hereunder is a restrictive purchase and possession for mutual benefit, and Manufacturer acknowledges that this Agreement is intended to result in the distribution of quality End Products only to GM's Dealer network for the particular Vehicle brand. The Manufacturer's Statement or Certificate of Origin for each Vehicle, prepared by GM, will not be delivered to Manufacturer, but will be held by GM until the End Product is sold by Manufacturer to a Dealer. Following an agreement by Manufacturer with a Dealer for the Dealer's purchase of an End Product, Manufacturer shall notify GM. Upon such notice and payment to GM by the dealer for the involved Vehicle, GM will credit Manufacturer for the original cost of the Vehicle and charge the Dealer for that Vehicle. Upon receipt of payment, CM will issue the MSO to and in the name of such Dealer.
4.3 Manufacturer shall, absent written agreement to the contrary, be responsible for delivery of End Products to Dealers, and for invoicing and collecting for Its work on or in Vehicles. Manufacturer acknowledges that the date of GM's charge to a dealer for a Vehicle has significance for purposes of price promotion, inventory charges and other purposes, and to the extent possible, Manufacturer shall ship the appropriate End Product promptly upon a dealers purchase of such End Product. Manufacturer agrees to promptly negotiate a reasonable settlement in good faith with any dealer which incurs undue delay in delivery of an End Product.
4.4 Manufacturer hereby indemnifies and holds GM harmless from and against any and all claim, cause of action, loss, damage, or expense, including reasonable attorneys' fees and expenses incurred from any litigation, arising from or relating to any claim for injury or property damage in connection with the manufact...
TITLE AND RISK OF LOSS/INSURANCE. Any risk of loss or damage, as well as any additional costs due to events occurring after the time of delivery shall pass to Buyer based on the trade term stipulated in Article 3.1; however, title to the Products per specified delivery shall pass to Buyer only after payment for those particular Products has been received in full. **** Confidential material omitted and filed separately with the Commission.
TITLE AND RISK OF LOSS/INSURANCE. 1. Risks of loss or damage, as well as any additional costs due to events occurring after the time of delivery shall pass to the PURCHASER on delivery in accordance with C.I.F. Incoterms 2000: However, title to the products per specified delivery shall pass to the PURCHASER only after payment for those particular products has been received in full.
2. The VENDOR also has to procure marine insurance against the PURCHASER’S risk of loss of or damage to the products during the carriage only on minimum insurance coverage in accordance with C.I.F. Incoterms 2000.
3. The PURCHASER shall at its own cost maintain insurance coverage against all risks which would normally be insured against by a prudent businessman in respect of products supplied to it commencing from the time when the products surpass the rail of the carrying vessel and extending until such time as title in the products passes to the PURCHASER in accordance with Par.1 above.
4. In case, the PURCHASER chooses F.O.B. Incoterm 2000, he shall instruct the VENDOR at least two (2) weeks prior to the shipment. He will then be entitled of a price reduction of EURO 0, 03/W/p to compensate for the freight and insurance cost.
TITLE AND RISK OF LOSS/INSURANCE. 1. Risks of loss or damage, as well as any additional costs due to events occurring after the time of delivery shall pass to the PURCHASER on delivery in accordance with C.I.F. Incoterms 2000: However, title to the products per specified delivery shall pass to the PURCHASER only after payment for those particular products has been received in full.
2. The VENDOR also has to procure marine insurance against the Purchaser’s risk of loss of or damage to the products during the carriage only on minimum insurance coverage in accordance with C.I.F Incoterms 2000.
3. The PURCHASER shall at its own cost maintain insurance coverage against all risks which would normally be insured against by a prudent businessman in respect of products supplied to it commencing from the time when the products surpass the rail of the carrying vessel and extending until such time as title in the products passes to the PURCHASER in accordance with Par.1 above.
TITLE AND RISK OF LOSS/INSURANCE. 5.1 Raw Materials Tide: Title to all Raw Materials provided by BioSolar pursuant to the terms and conditions of this Agreement shall remain with BioSolar until the Raw Materials have been processed by Xxxxxxx at the Xxxxxxx Plant, and thereafter title up to including the full value of that portion of the finished goods value which constitutes the full Raw Material value incorporated into finished Product shall remain with BioSolar, title up to and including the full value of that portion of the finished goods value which constitutes the toll extrusion service fee as outlined in Schedule C of this agreement shall remain with Xxxxxxx.
TITLE AND RISK OF LOSS/INSURANCE. Any risk of loss or damage, as well as the ownership of the Products, shall transfer from Seller to Buyer at the export port when Products pass over the ship’s rail.
