A tool for chip removing machining includes a tool holder in order to releasably hold at least one cutting insert. The cutting insert is arranged to be fixable in an insert pocket of the tool holder by a locking screw. The locking screw has a head and is in threaded engagement with the tool holder via a threaded joint which is arranged to allow tilting of the locking screw in a working direction of the tool when the locking screw is partly unscrewed so that the cutting insert can be removed from the insert pocket. The head is arranged to clamp against a part of a front side of the cutting insert. The tool holder includes at least one space at least partly arranged to receive the head when the screw is partly unscrewed.