Common use of TRANSFER OF RISK Clause in Contracts

TRANSFER OF RISK. The transfer of risks takes place upon the handover of the products to the carrier for shipment. 8.RETENTION OF TITLE - Transfer of ownership of the products sold is postponed until they have been fully paid for. Products may not be pledged or be subject to a transfer of ownership until they have been paid for in full. Products in possession of the Buyer are deemed to be yet unpaid.