Inventory; Shipment Clause Samples

The 'Inventory; Shipment' clause defines the responsibilities and procedures related to the storage and delivery of goods under a contract. It typically outlines how inventory levels are to be maintained, who is responsible for managing stock, and the terms under which products are shipped to the buyer, such as delivery schedules, shipping methods, and risk of loss during transit. This clause ensures that both parties have clear expectations regarding the handling and movement of goods, thereby minimizing disputes over inventory shortages or shipping delays.
Inventory; Shipment. Nomaco shall diligently and in good faith use commercially reasonable efforts to maintain an adequate inventory of Products and, in consultation with RBX, to adopt a shipping policy that allows for shipment of Products to customers in the Markets within lead times which are consistent with Competitive Practices. Available inventory of Products shall be allocated in the sole discretion of Nomaco.
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Related to Inventory; Shipment

  • Inventory To the extent Inventory held for sale or lease has been produced by any Borrower, it has been and will be produced by such Borrower in accordance with the Federal Fair Labor Standards Act of 1938, as amended, and all rules, regulations and orders thereunder.

  • Shipment Dell will ship the APEX System to the Site when included as part of the APEX Service. The terms and process for shipment and delivery of the APEX System will be stated in the applicable Service Offering Description.

  • Inventories All of the Assets constituting inventory are owned or used by Company, are in good, current, standard and merchantable condition and are not obsolete or defective.

  • Drop Shipped Off loaded by carrier to an Agency loading dock or designated area. There will be no charge to the ordering Agency for this delivery method.

  • Inventory Records Each Loan Party keeps correct and accurate records itemizing and describing the type, quality, and quantity of its and its Subsidiaries’ Inventory and the book value thereof.