Article 2
Article 2.—Transfer of Possession a. That the right to possession of the property sold under Article one hereof shall, after declaration to the Foreign Liquidation Commissioner for disposal as surplus, pass to the Philippines at the earliest practicable date upon either: (1) the surrender by the United States and the acceptance by the Philippines of physical or constructive possession, or (2) the passage of sixty days' time after notice to the Philippines that specified property is available for transfer whichever shall first occur. That such notice shall be deemed to have been duly given when delivered, in writing, to the Office of the Philippine Government Purchasing Commission at Manila, and shall be deemed sufficient if it either generally describes the property available or generally describes the location thereof. b. That until right to possession passes to the Philippines pursuant to paragraph a of this Article, the United States shall continue to have custody and control of the property sold, and shall give said property the same care and protection as is accorded its own property of like character. c. That after the right to possession with respect to specified property has passed to the Philippine pursuant to paragraph a, all responsibility, risk of loss, and liability for the care, custody, protection and maintenance of such property shall be upon the Philippines, including rents and liabilities for the storage thereof and damages and claims of any nature arising out of or incident to the ownership of such property, and the Philippines shall indemnify and hold the United States harmless from any such responsibilities, risks, liabilities, rents, damages and claims. That the Philippines shall promptly enter into such rental and leasing arrangements as may be necessary or appropriate to the possession or use of the property transferred, and shall assume all obligations under such rental and leasing arrangements to which the United States is now a party without charge to the United States other than such charges as shall have rightfully accrued prior to the effective date hereof, and the Philippines shall remove the property from land owned by the United States within six months, and from other land used or controlled by the United States within twenty-two months, after passage of right to possession hereunder. d. That all crating, conditioning, handling, loading and transportation of the property sold shall be arranged and paid for by the Philippines. e. That the owning agency of the United States shall make property available for visual inspection before the transfer of right to possession. f. That representatives of the Philippines engaged in guarding, storing, or removal of property located on lands owned by the United States and on other lands used or controlled by the United States shall be subject to the rules and regulations of the owning agency of the United States, as may be agreed upon by the two governments.