7. Transfer of Risk
Risk and responsibility, including loss and damage liability, for Purchased Property passes to you on: (i) the date you collect the Property from us (or the date we deliver it to you, if we according to this Section 5, provide shipping services); or (ii) upon notification from you of your refusal of loss and damage liability from us, whichever is earliest. Until risk passes, we will compensate you for any loss or damage to the purchased Property up the limit of the Purchase Price paid, subject to our exclusions for loss or damage to the Property under our insurance policy. Neither we, nor our insurer, will be liable for any physical loss of or damage: (a) to picture frames or to glass covering prints, paintings, or other works, or for damage occurring in the course of any process undertaken by independent contractors employed with your consent; or (b) to the Property caused by: (i) climatic or atmospheric conditions; (ii) inherent conditions or defects; (iii) normal wear and tear; or (iv) circumstances beyond our control such as war, acts of terrorism, radioactive or other chemical contamination.