Common use of Point of Sale Clause in Contracts

Point of Sale. “Point of sale” means the time and place at which the Product (i) exits the end of the chute from any delivery vehicle owned or operated by Supplier or its subcontractor to the specified location; or (ii) is loaded from Supplier’s plant onto any vehicle or equipment owned or operated by Customer or its agent or subcontractor. “Delivery” occurs at the point of sale. Title to and risk of loss of Product shall transfer to Customer at the point of sale.

Point of Sale. “Point of sale” means the time and place at which the Product (i) exits the end of the chute from any delivery vehicle owned or operated by Supplier or its subcontractor to the specified location; or (ii) is loaded from Supplier’s plant or vehicle onto any vehicle vehicle, equipment, or equipment site owned or operated by Customer or its agent or subcontractor. “Delivery” occurs at the point of sale. Title to and Product, risk of loss loss, damage or deterioration of Product, and liability for damage or injury arising out of Product shall transfer to Customer at the point of sale.