FOB First Destination definition

FOB First Destination means that all costs of all freight, unloading at Delivery Site, insurance, brokerage, import and customs duties, royalties, handling, overhead, profit, and all other costs of delivery to the Energy Centre or temporary storage location as advised by the City will be borne by the Contractor, and that ownership and title to all goods, materials, and equipment are transferred to the City when same are delivered to the Energy Centre, or temporary storage location, by the Contractor, and the risk of loss or damage to the goods, materials and equipment transfers to the City only at such time as same are received and accepted by the City at the Energy Centre, or temporary storage location. All costs, risk and responsibility associated with the conveyance from the temporary storage location to the Energy Centre will be borne by the City;
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Related to FOB First Destination

  • F.O.B. Destination means goods are to be delivered to the destination designated by the user which is the point at which the user accepts ownership or title of the goods. Laws of New Mexico specifically prohibit acceptance of ownership of goods in transit. Any exception to F.O.B. Destination may cause a bid to be declared nonresponsive.

  • Host At Destination means the person with whom the Insured is sharing prearranged overnight accommodations in the host's home.

  • Return Destination means the place to which the Insured expects to return from his/her Trip as shown in the Application.

  • CIP (Destinations) means Carriage and Insurance Paid up to named port of destination. Additionally the Insurance (local transportation and storage) would be extended and borne by the Supplier from ware house to the consignee site for a period including 3 months beyond date of delivery.

  • Destination means any place where the Insured expects to travel to on his/her Trip other than Return Destination as shown on the travel documents.