Loss in Transit Clause Samples

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Loss in Transit. Buyer shall have no liability whatsoever for damage, loss or deterioration of the Goods until delivery and acceptance of the Goods to Buyer's place of business by a common carrier, regardless of whether Seller charges Buyer for freight. Seller shall deliver the Goods FOB to the address designated by Buyer. All shipments shall properly identify ▇▇▇▇▇'s purchase order. Seller accepts liability for completeness and accuracy of all shipping documents and all liability resulting from inaccurate or incomplete data on such documents.
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Loss in Transit. Title and risk of loss in transit shall not pass to Buyer upon delivery to carrier.
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Loss in Transit. HSM shall reimburse MPC for in transit loss of Cargo in excess of one-half percent (0.5%) by volume, or such other percentage as the Parties may agree in writing shall apply to certain Products (“In Transit Loss Allowance”). HSM shall not be liable for any such loss unless (a) the cause for the loss in transit is unknown, (b) MPC or MPC’s agent provides written notice of such loss to HSM within thirty (30) days of unloading the relevant Cargo and (c) a comparison of Equipment ullage figures at loading port and at discharge port, as measured by a Third Party inspector, which shall be mutually agreed to by both MPC and HSM, establishes that a volume loss in excess of the In Transit Loss Allowance has actually occurred in transit. The amount payable by HSM to MPC for any such in transit loss shall be an amount equal to (x) the volume loss in excess of the In Transit Loss Allowance, multiplied by (y) the per unit spot value of the relevant product using an appropriate industry market index for the delivery location reference market.
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Loss in Transit. If loss or damage occurs to the stores or any part thereof during transit by rail, the contractor, shall have only such remedy as is available to the Public against the carrier under the Indian Railway (Amendment) Act - 1961, No.39 of 1961.
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Loss in Transit. In case of loss of Business Associate product in transit before the delivery to Buyer, Business Associate shall make a claim to Logistic service provider or the transit insurance service provider and shall treat Business Associate as the beneficiary for the recoveries from Logistic service provider or transit insurance service provider. ▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇ will have right or liability over such claims.
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Related to Loss in Transit

  • Business Interruption Lessee shall obtain and maintain loss of income and extra expense insurance in amounts as will reimburse Lessee for direct or indirect loss of earnings attributable to all perils commonly insured against by prudent lessees in the business of Lessee or attributable to prevention of access to the Premises as a result of such perils.

  • Loss or Damage The District and its agents and authorized representatives shall not in any way or manner be answerable or suffer loss, damage, expense, or liability for any loss or damage that may happen to the Work, or any part thereof, or in or about the same during its construction and before acceptance, and the Contractor shall assume all liabilities of every kind or nature arising from the Work, either by accident, negligence, theft, vandalism, or any cause whatsoever; and shall hold the District and its agents and authorized representatives harmless from all liability of every kind and nature arising from accident, negligence, or any cause whatsoever.