Common use of Transfer of Title and Risk Clause in Contracts

Transfer of Title and Risk. Notwithstanding anything to the contrary set forth in Incoterms 2020, the transfer of title to and the risk of loss/damage of the Purchased Commodities to the Buyer takes place upon passing over the ship’s rail at the U.S. load port.

Transfer of Title and Risk. Notwithstanding anything to the contrary set forth in Incoterms 20202010, the transfer of title to and the risk of loss/damage of the Purchased Commodities to the Buyer takes place upon passing over the ship’s rail at the U.S. load port.