Document background
The Agreement For Sale Without Possession is a specialized contract used in Singapore when parties wish to complete a sale transaction but maintain the goods in the seller's (or a third party's) possession. This arrangement is particularly valuable in commercial scenarios involving bulk goods, items requiring specialized storage, or situations where immediate physical transfer is impractical. The agreement ensures clear allocation of rights and responsibilities during the period between sale and eventual physical transfer, addressing crucial aspects such as risk, insurance, maintenance, and inspection rights. It is governed by Singapore law and commonly used in trading, manufacturing, and storage scenarios.
