Common use of Risk of Loss; Title Clause in Contracts

Risk of Loss; Title. Unless otherwise identified in a Quotation, all shipments of Goods are F.C.A. Seller’s plant, warehouse or dock, as defined by Incoterms® 2020, and all risk of loss with respect to any Goods shipped shall pass to Buyer when such Goods are delivered to the carrier at such plant, warehouse or dock. Title to Goods shall transfer to Buyer upon Seller’s receipt of payment in full for all Goods and Services provided pursuant to a Quotation, Purchase Order or other agreement between Buyer and Seller.