Common use of Free Issue Clause in Contracts

Free Issue. Items shall be clearly labelled and delivered with the official documentation mentioning that export is on behalf of ITER IO. The Articles 5 and 6 of the ITER Immunities and Privileges Agreement shall apply and Free-Issue shall be exempt from all duties and taxes. The Contractor shall be responsible for the custom clearance and formalities, the unloading and, as may arise, free-storage on site. The transfer of risks to the Contractor shall happen at the moment the goods are made available to him at the place of destination, in accordance with the INCOTERMS referred to in article 11.2 From the moment of the transfer of risks, the Contractor shall bear the risks of any damage, loss or destruction of any or all the Free-Issue Items. The Contractor shall be responsible for providing surveillance and guarding for these Free-Issue Items, including for contracting any suitable insurance, at its expense until Final Acceptance.

Appears in 2 contracts

Sources: Contract, Contract