Common use of Transfer of Risk and Title Clause in Contracts

Transfer of Risk and Title. 6.1 All risks of loss or damage relating to the Goods shall pass to Customer on delivery. 6.2 The property of the Goods will pass to Customer after full payment of all amounts which Corbion is entitled to claim from Customer for the Goods delivered to Customer pursuant to the Agreement as well as due to its being in default of observing the Agreement or these Terms. 6.3 Goods delivered by Corbion under retention of title may only be resold by Customer within the scope of its normal business activities and only in an arm's length bona fide transaction at full market value or at a proper trade discount. 6.4 Customer is obliged to ensure that the Goods that are (still) the property of Corbion remain or are rendered identifiable. Should Customer be in default or should there be good reason to suspect that Customer may default on any of its obligations, Corbion shall be entitled to remove the Goods belonging to it from Customer’s possession or from the possession of a third party holding the Goods on behalf of Customer at Customer’s expense. 6.5 Customer undertakes to insure and keep insured against loss, damage and theft all the Goods delivered under retention of title and to make the insurance policy available for inspection by Corbion on request.

Transfer of Risk and Title. 6.1 All risks of loss or damage relating to the Goods shall pass to Customer on delivery. 6.2 The property title (shoyuuken) of the Goods will pass to Customer after full payment of all amounts which Corbion is entitled to claim from Customer for the Goods delivered to Customer pursuant to the Agreement as well as due to its being in default of observing the Agreement or these Terms. 6.3 Goods delivered by Corbion under retention of title may only be resold by Customer within the scope of its normal business activities and only in an arm's length bona fide transaction at full market value or at a proper trade discount. 6.4 Customer is obliged to ensure that the Goods that are (still) the property of Corbion remain or are rendered identifiable. Should Customer be in default or should there be good reason to suspect that Customer may default on any of its obligations, Corbion shall be entitled to remove the Goods belonging to it from Customer’s possession or from the possession of a third party holding the Goods on behalf of Customer at Customer’s expense. 6.5 Customer undertakes to insure and keep insured against any loss, damage and theft of all the Goods delivered under retention of title and to make the insurance policy available for inspection by Corbion on request.

Transfer of Risk and Title. 6.1 All risks of loss or damage relating to the Goods shall pass to Customer on delivery. 6.2 The property title of the Goods will pass to Customer after full payment of all amounts which Corbion is entitled to claim from Customer for the Goods delivered to Customer pursuant to the Agreement as well as due to its being in default of observing the Agreement or these Terms. 6.3 Goods delivered by Corbion under retention of title may only be resold by Customer within the scope of its normal business activities and only in an arm's length bona fide transaction at full market value or at a proper trade discount. 6.4 Customer is obliged to ensure that the Goods that are (still) the property title of Corbion remain or are rendered identifiable. Should Customer be in default or should there be good reason to suspect that Customer may default on any of its obligations, Corbion shall be entitled to remove the Goods belonging to it from Customer’s possession or from the possession of a third party holding the Goods on behalf of Customer at Customer’s expense. 6.5 Customer undertakes to insure and keep insured against loss, damage and theft all the Goods delivered under retention of title and to make the insurance policy available for inspection by Corbion on request.