Common use of International Sales Clause in Contracts

International Sales. The Buyer / the Company shall be responsible for insuring the Products as per INCOTERM version 2010 as indicated in the Order, invoice or elsewhere in any sale agreement. However, in the event, the title of the Products passes on to the Buyer but the Buyer has not made payment for the Products, in such case the Company shall be entitled to receive the insured claim amount from the insurer of the Buyer to the extent due to the Company. The insurance provided by the Buyer must be made to cover any damages or loss on the Products for full amount of the insurable value of the Products.

International Sales. The Buyer / the Company shall be responsible for insuring the Products as per INCOTERM version 2010 as indicated in the Order, invoice or elsewhere in any sale agreement. However, in the event, event that the title of the Products passes on to the Buyer but the Buyer has not made payment for the Products, in such case the Company shall be entitled to receive the insured claim amount directly from the insurer of the Buyer to the extent due to the Company. The insurance provided by the Buyer must be made to cover any damages or loss on the Products for full amount of the insurable value of the Products.

International Sales. The Buyer / the Company shall be responsible for insuring the Products as per INCOTERM version Ex Works under INCOTERMS 2010 or as indicated in the Order, invoice or elsewhere in any sale agreement. However, in the event, the title of the Products passes on to the Buyer but the Buyer has not made payment for the Products, in such case the Company shall be entitled to receive the insured claim amount from the insurer of the Buyer to the extent due to the Company. The insurance provided by the Buyer must be made to cover any damages or loss on the Products for full amount of the insurable value of the Products.