Shipment in Place Clause Samples
The 'Shipment in Place' clause defines the conditions under which goods are considered shipped even though they remain at the seller's location. In practice, this clause typically applies when the buyer takes ownership or risk of loss while the goods are still physically at the seller's premises, such as when inventory is held for the buyer's convenience or due to logistical constraints. Its core function is to clarify the point at which title and risk transfer, thereby reducing disputes over delivery obligations and liability for the goods.
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Shipment in Place. In the event that Buyer’s Carrier has not been designated by Buyer or otherwise is unready to take delivery of the Equipment on the EXW delivery dates as indicated in Annex A, Seller may ship any such shipment in place, or ship to storage at Buyer’s expense; and, Buyer agrees to make payments for such shipments according to the payment schedule indicated in Article 4 hereunder.