Part 7 – Delivery, Risk of Loss, and Passage of Title
A. Unless otherwise specified in the Quotation / Offer, deliveries shall be EXW (Ex-Works), packaging not included, at the SELLERS’s designated site in accordance with Incoterms 2010. Transfer of Risk will be governed by and in accordance with Incoterms 2010 for the delivery mode specified.
B. SELLER retains title to the delivered goods until full settlement of all payments.
C. Notwithstanding the above, claims based on latent defects, fraud, gross negligence, or such gross mistakes as to be fraud, shall not be prejudiced nor shall the guarantees applicable to the material or issuance of discrepancy reports be affected by the said passage of title or acceptance of the material.
D. Delivery dates for items will be in accordance with the schedule and milestones contained in the Quotation and/or Statement of Work.