Common use of Transfer of ownership and risk Clause in Contracts

Transfer of ownership and risk. Notwithstanding any terms relating to delivery and freight on the Agreement, the ownership and risk of loss in the Products shall remain with the Seller until the Products are actually delivered to and accepted at the destination designated in writing by the Buyer.

Transfer of ownership and risk. Notwithstanding any terms relating to delivery and freight on the Agreement, the ownership and risk of loss in the Products shall remain with the Seller until the Price is paid by the Buyer in full; and the risk of loss in the Products shall transfer to the Buyer once the Products are actually collected by the Buyer or delivered to and accepted at the destination designated agreed in writing by the Buyerboth Parties.