Common use of Transit and Transshipment Clause in Contracts

Transit and Transshipment. 1. Each Party shall provide that an originating good retains its originating status if the good has been transported to the importing Party without passing through the territory of a non-Party. 2. Each Party shall provide that if an originating good is transported outside the territories of the Parties, the good retains its originating status if the good: (a) remains under customs control in the territory of a non-Party; and (b) does not undergo an operation outside the territories of the Parties other than: unloading; reloading; separation from a bulk shipment; storing; labeling or marking required by the importing Party; or any other operation necessary to preserve it in good condition or to transport the good to the territory of the importing Party.