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Allocation Of Risk Of Loss To Seller Until Date Or Insurance
ALLOCATION OF RISK OF LOSS TO SELLER UNTIL DATE OR INSURANCE
The risk of loss from any casualty to the goods regardless of the cause of the casualty shall be on seller until [Date of Change], or until insurance coverage for the full value of the goods against loss from any cause during transportation is procured in favor of buyer by either seller or buyer from [Designated insurance company] or any other insurer acceptable to buyer.
This is a UCC-buying and selling form.
It is intended to be an addendum to other forms.