| Risk and Title to Equipment (Hire) |
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| Tuesday, 25 March 2008 | |
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Risk and Title to Equipment (applicable to Contracts for the hire of Equipment only) Risk in the Equipment will pass immediately to the Customer when they leave the physical possession or control of Longtown Skip Hire or their agent. Risk in the Equipment hired will not pass back to Longtown Skip Hire from the Customer until the Equipment is back in the physical possession of Longtown Skip Hire or its agent. This shall apply even if Longtown Skip Hire has agreed to cease charging for the hire of the Equipment. Title in the Equipment hired remains at all times with the Owner. The Customer has no right, title or interest in the Equipment except that it is hired to the Customer. The Customer must not deal with the title or any interest in the Equipment hired. This includes but is not limited to selling, assigning, mortgaging, pledging, charging, securing, hiring, excercising a lien and/or lending. Longtown Skip Hire may provide insurance in respect of the Equipment hired at additional cost to the Customer. Alternatively, Longtown Skip Hire may require the Customer to insure that the Equipment on such reasonable terms and for such responsible risk as Longtown Skip Hire may specify. The proceeds of any such insurance shall be held by the Customer in trust for Longtown Skip Hire and be paid to Longtown Skip Hire on demand. The Customer must not compromise any claim in respect of the Equipment and/or any associated insurance without the written consent of Longtown Skip Hire. |
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| Last Updated ( Monday, 31 March 2008 ) |
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