Common use of Taxes Clause in Contracts

Taxes. The Price does not include any sales, use, revenue, excise, value added or other taxes or governmental charges, all of which are the Buyer’s sole responsibility. Any tax or other governmental charge payable by the Company due to the sale, delivery or use of the Products, such as, but not limited to, sales tax, use tax, retailer’s occupational tax, gross receipts tax, value added tax and transportation tax, may, at the Company’s option, be added to the Price. The title, risk of loss for the Products delivered shall pass from the Company to Buyer the moment the Products are delivered at the agreed point of delivery. Unless otherwise agreed in writing or indicated on the Order, invoice or elsewhere in any sale agreement, title shall pass from the Company to the Buyer pursuant to INCOTERM version 2010. However in any case, the Company can reclaim title to the Products delivered or to be delivered to Buyer if the Company has not received payment in full of the Price of the Products, the fees for any breach by the Buyer of its obligations in regard to the sale of the Products. Unless otherwise stated in the Contract, the Company shall insure the Products up to the agreed point of delivery and thereafter it will be the sole responsibility of the Buyer to insure the Products.