Common use of Storage for Fulfilment Clause in Contracts

Storage for Fulfilment. A. Subject to Clause 4D of Part D of this LSA, LEI will inbound the FBL Products into the FBL Warehouse. LEI will keep electronic records that track inventory of the FBL Products by identifying the number of the FBL Products stored in each FBL Warehouse (“FBL Inventory Tracking Records”). ▇. ▇▇▇ will provide temporary storage services for FBL Products once it confirms inbounding of the FBL Products at the appointed fulfilment centres, and will keep electronic records that track inventory of FBL Products by identifying the number of FBL Products stored in LEI’s fulfilment centres. ▇. ▇▇▇ will not be required to physically mark or segregate items from other inventory Products owned by Seller. If LEI elects to commingle the FBL Products with other products of Seller, both LEI and Seller agree that the FBL Inventory Tracking Records of LEI will be sufficient to identify which products are the FBL Products of Seller. LEI may, at its discretion, move and distribute the FBL Products between its local fulfilment centres. ▇. ▇▇▇ may impose storage fees for FBL Products which have been stored in LEI’s fulfillment centres above a certain aging period. LEI will notify Seller of the details of the storage fees at least one (1) month prior to implementation of such storage fees.

Appears in 2 contracts

Sources: Logistics Services Agreement, Logistics Services Agreement