Custody of Crude Oil shall pass from PBF Holding to TVPC at the flange where it enters the Crude Pipelines or where it enters the fixed receiving flange of a Tank and to PBF Holding from TVPC at the flange where it exits the Crude Pipelines or at the fixed delivery flange on the receiving manifold of a Tank. Upon re-delivery of any Crude Oil to PBF Holding’s account, PBF Holding shall become solely responsible for any loss, damage or injury to Person or property or the environment, arising out of transportation, possession or use of such Crude Oil after transfer of custody and the loss allowance provisions hereof shall apply to Crude Oil while in TVPC’s custody. Title to all of PBF Holding’s or the PBF Holding Designee’s Crude Oil received into the Crude Pipelines or the Tanks shall remain with PBF Holding or the PBF Holding Designee at all times. Both Parties acknowledge that this Agreement represents a bailment of Crude Oil by PBF Holding or the PBF Holding Designee to TVPC and not a consignment of Crude Oil, it being understood that TVPC has no authority hereunder to sell or seek purchasers for the Crude Oil of PBF Holding. PBF Holding or the PBF Holding Designee hereby warrants that it shall, at all times, have good title to and the right to deliver, throughput, store and receive Crude Oil pursuant to the terms of this Agreement.