Common use of Custody and Title Clause in Contracts

Custody and Title. Possession, title, and risk of loss to the NGL's shall pass from Seller to Buyer and vest in Buyer at the inlet flange connection at the Delivery Point. Upon receipt of the NGL's. Buyer will be deemed to have exclusive ownership and control of said NGL's and shall be responsible for any injuries or damages caused thereby, except to the extent such injuries or damages are caused by the actions or omissions of Seller and/or its agents.

Appears in 2 contracts

Sources: Natural Gas Liquids Purchase Agreement, Natural Gas Liquids Purchase Agreement (Markwest Energy Partners L P)