Ex-Warehouse definition
Ex-Warehouse usually applies to cotton stored in ▇▇▇▇▇ or mill points. When such is the case, Seller shall deliver the cotton to Buyer on electronic warehouse receipts or equivalent with all charges, including compression, storage and loading out charges to date of invoice, paid by Seller. Seller shall deduct the light weight penalties as provided in Rule 19. Any deviation from the above terms must be agreed upon by Buyer and Seller at time of sale and confirmed in writing.
Ex-Warehouse goods takes place at the expense of and at the responsibility of our client. The responsibility is theirs at the moment the goods leave our warehouse.
Examples of Ex-Warehouse in a sentence
On or before March 2, 2001 the parties will meet to agree which items (if any) included on such stock list shall be purchased by Cybex and to agree any adjustments to be made to the ExWarehouse Valuation thereof to take into account any obsolete, slow-moving (being a piece of equipment which has not been sold in the six months since it was purchased) or damaged goods.
The purchase price for such parts shall be the Ex-Warehouse Valuation of such parts after taking into account any adjustment for damage (but no adjustment shall be made for obsolescence or slow moving parts).