Common use of Transportation Loss Clause in Contracts

Transportation Loss. As to loss of or damage to Consigned Material which is reasonably apparent upon delivery from the carrier, Company shall cause the following to be done: (i) At time of delivery, mark xxx delivery receipt before signing with appropriate exceptions describing the damage; (ii) At the time of delivery, request the carrier to either inspect the loss or damage and forward to Supplier a signed exception report outlining the extent of loss or damage, or issue a written waiver of inspection and forward it to Supplier; and (iii) Within ten days after delivery, inspect the damaged Material and notify Supplier whether Company will (a) accept it at a mutually agreed lower Price reflecting the transportation damage (if Supplier had the risk of loss), or (b) reject it. Rejected items shall As to concealed transportation damage, if after withdrawal of any Consigned Material from Consigned Material Storage, Company discovers concealed transportation damage, Company shall notify Supplier within five days of such discovery, take reasonable steps to preserve evidence of how such damage occurred and take all actions provided in for (b)(iii) above. Where Consigned Material Storage is located on premises other than Company premises, Company shall direct the owner of such other premises to comply with the procedure set forth in this clause.