Risk in the Goods. transfers to the Buyer on Delivery of the Goods (notwithstanding that payment may have already been made and ownership passed to the Buyer), but remains with the Supplier if the Buyer notices damage following Delivery and lets the Supplier know within 3 Working Days of Delivery. Whilst the risk in the Goods remains with the Supplier, the Supplier shall be responsible for any loss thereof or damage thereto and for arranging and paying for the storage, handling and insurance of the same, which insurance shall be endorsed in the name of and protect the interests of the Buyer on an “all risks” basis and shall also provide cover for loss or damage in transit.
Appears in 2 contracts
Sources: Framework Contract for Goods and/or Non Construction Services, Network Rail Contract for Goods and/or Non Construction Services