Common use of TITLE AND RISK Clause in Contracts

TITLE AND RISK. Where any item of Contractor’s Equipment is ultimately intended to become the property of the Corporation pursuant to this Contract (whether through incorporation in the Facilities or otherwise), title to such item shall be transferred to the Corporation with effect from the first arrival of such item at the Site but the risk and responsibility for the damage, loss, care and maintenance of such item shall remain with the Contractor until the date of issue of the Completion Certificate in respect of the whole of the Facilities.

TITLE AND RISK. Where any item of Contractor’s Contractor‟s Equipment is ultimately intended to become the property of the Corporation pursuant to this Contract (whether through incorporation in the Facilities or otherwise), title to such item shall be transferred to the Corporation with effect from the first arrival of such item at the Site but the risk and responsibility for the damage, loss, care and maintenance of such item shall remain with the Contractor until the date of issue of the Completion Certificate in respect of the whole of the Facilities.

TITLE AND RISK. Where any item of Contractor’s Equipment Equipment/facility is ultimately intended to become the property of the Corporation Company pursuant to this Contract (whether through incorporation in the Facilities or otherwise)Contract, title to such item shall be transferred to the Corporation Company with effect from the first arrival of such item at the Site Site, but the risk and responsibility for the damage, loss, care and maintenance of such item shall remain with the Contractor until such item has been delivered into the date of issue care, custody and control of the Completion Certificate in respect of the whole of the FacilitiesCompany.