Common use of Risk of Loss; Insurance Clause in Contracts

Risk of Loss; Insurance. The risk of unintentional loss or devastation of the Consigned Product while in the possession of company shall be borne by the Supplier. Company shall have no liability to the Supplier as a bailee or otherwise with respect to Consigned Product apart from any damages may be directly and proximately caused exclusively by company gross negligence or company’s intentional damage to, or destruction of, Consigned Product. It shall be the responsibility of the Supplier to sufficiently insure the Consigned Product at its own cost, for the benefit of and in the name of the Supplier.

Risk of Loss; Insurance. The risk of unintentional loss or devastation of the Consigned Product while in the possession of company shall be borne by the Supplier. Company shall have no liability to the Supplier as a bailee or otherwise with respect to Consigned Product apart from any damages may be directly and proximately caused exclusively by company gross negligence or companyCompany’s intentional damage to, or destruction of, Consigned Product. It shall be the responsibility of the Supplier to sufficiently insure the Consigned Product at its own cost, for the benefit of and in the name of the Supplier.

Risk of Loss; Insurance. The risk of unintentional loss or devastation of the Consigned Product while in the possession of company shall be borne by the Supplier. Company shall have no liability to the Supplier as a bailee or otherwise with respect to Consigned Product apart from any damages may be directly and proximately caused exclusively by company gross negligence or company’s intentional damage to, or destruction of, Consigned Product. It shall be the responsibility of the Supplier to sufficiently insure the Consigned Product at its own cost, for the benefit of and in the name of the Supplier.

Risk of Loss; Insurance. The risk of unintentional loss or devastation of the Consigned Product while in the possession of company shall be borne by the Supplier. Company shall have no liability to the Supplier as a bailee Bailee or otherwise with respect to Consigned Product apart from any damages may be directly and proximately caused exclusively by company gross negligence or company’s intentional damage to, or destruction of, Consigned Product. It shall be the responsibility of the Supplier to sufficiently insure the Consigned Product at its own cost, for the benefit of and in the name of the Supplier.