Common use of PASSING OF RISK AND TITLE Clause in Contracts

PASSING OF RISK AND TITLE. 13.1. All Parts are at the risk of the Customer from delivery Ex Works (Incoterms 2010) the AP&S Facility. Parts Repaired are at the risk of the Customer until received by AP&S Delivered Duty Paid (Incoterms 2010) the AP&S Facility. 13.2. The Customer agrees and warrants that title to and ownership of Parts Sold by AP&S shall remain with and be vested in AP&S until AP&S has received from the Customer full payment in accordance with these Standard Terms and the Credit Agreement.

Appears in 2 contracts

Sources: Standard Terms and Conditions, Standard Terms and Conditions