Common use of Transfer of Title and Risk Clause in Contracts

Transfer of Title and Risk. Seller shall retain title to the commodities until Seller has been paid in full in accordance to the terms of the Letter of Credit. However, it is acknowledged and agreed that risk of loss and insurance costs shall pass to Buyer upon passing the ship’s rail at the U.S. load port, as provided in Section 4 of this Agreement. Any marine insurance to cover specified loss or damage during the ocean voyage of the commodities shall be at buyer’s sole responsibility and cost, including without limitation the cost of the Seller Endorsement.

Transfer of Title and Risk. Seller shall retain title to the commodities until Seller has been paid in full in accordance to with the terms of the Letter of Credit. However, it is acknowledged and agreed that risk of loss and insurance costs shall pass to Buyer upon passing the ship’s rail at the U.S. load port, as provided in Section 4 of this Agreement. Any marine insurance to cover specified loss or damage during the ocean voyage of the commodities shall be at buyer’s sole responsibility and cost, including without limitation the cost of the Seller Endorsement.

Transfer of Title and Risk. Seller shall retain title to the commodities until Seller has been paid in full in accordance to the terms of the Letter of Creditfull. However, it is acknowledged and agreed that risk of loss and insurance costs shall pass to Buyer upon passing the passingthe ship’s rail at the U.S. load port, as provided in Section 4 of this Agreement. Any marine insurance to cover specified loss or damage during the ocean voyage of the commodities shall be at buyer’s sole responsibility and cost, including without limitation the cost of the Seller Endorsement.