Common use of Transfer of Benefit and Risk Clause in Contracts

Transfer of Benefit and Risk. The benefit and risk shall pass to Customer upon report of its readiness to accept delivery failing this, at the beginning of the transport to the storage site. If delivery, assembly, or installation is delayed at Customer’s request or for other reasons not attributable to Siemens, the risk shall pass to Customer at the date and time originally scheduled.

Transfer of Benefit and Risk. The benefit and risk shall pass to Customer upon report of its readiness to accept delivery failing this, at the beginning of the transport to the storage site. If delivery, assembly, or installation is delayed at Customer’s request or for other reasons not attributable to SiemensSiemens Energy, the risk shall pass to Customer at the date and time originally scheduled.