Common use of Title & Risk Clause in Contracts

Title & Risk. Unless otherwise stated on the PO or in this Order: (a) title to the goods shall pass from Supplier to Buyer at the same point that risk of loss transfers from Supplier to Buyer per the applicable Incoterm, with exception of those purchases that are governed by subsection (b); and (b) title to goods shipped from China, India or Mexico for delivery to a different country shall pass after such goods have crossed the territorial land, sea, exclusive economic zone or overlying airspace of the respective source country, as applicable.

Appears in 5 contracts

Samples: Ge Power, Ge Power, Ge Power

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