Terms and Conditions of Sale
NOTES ON USAGE
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Terms and Conditions of Sale
ACCEPTANCE GOVERNING PROVISIONS
No change by Buyer of any term or condition of this contract or any of Buyer’s rights to remedies hereunder shall be binding on Seller, nor shall the order hereby acknowledged be cancelled or changed by Buyer, unless expressly consented hereto in writing by Seller’s authorized officer; there are no representations, agreements, promises or understandings between Buyer and Seller not expressed herein.
PRICES AND SPECIAL CHARGES
All prices are shown in this catalogue are in Euro , and/or in U.S.D. excluding any local tax and are subject to change. Buyer should check pricing at the time of placing the order. Buyer may request special quantity discounts and pricing for bulk quantities. Special prices must be confirmed in writing by Seller and unless otherwise agreed are valid for 14 calendar days. There is no minimum order value. All prices are on an ex works basis and do not include, in particular, the transport and insurance costs for products that are delivered. Sinteco reserves the right to charge for delivery and handling. Special delivery requests will be accepted by the seller subject to their suitability for the product and charged accordingly. Any use tax, sales tax, excise tax, duty, custom, inspection or testing fee, or any other tax, fee or charge of any nature whatsoever imposed by any government authority, on or measured by the transaction between Seller and Buyer shall be paid by Buyer in addition to the prices quoted or invoiced. In the event Seller is required to pay any such tax, fee or charge, Buyer shall reimburse Seller; or, in lieu of such payment, Buyer shall provide Seller at the time the order is submitted an exemption certificate or other document acceptable to the authority imposing the tax, fee or charge.
Terms of payment are in advance on order (c.w.o.) , and/or with letter of credit (L/C), at decision and preferance of Seller, unless otherwise stated. Materials will be billed at the price in effect at the time shipment is made. Payment will only be accepted by bank transfer. Seller reserves the right to ask for prior partial or full payment in any case. If Buyer defaults in any payment when due, under this or any other order, Seller at its option and without prejudice to its other lawful remedies, may refuse further orders and reserves the right to charge interest on outstanding balances at a rate 1% per month above the EURIBOR at one month, as well as a penalty to cover administrative costs equal to 10% of the outstanding balance with a minimum of 40 Euro / 50 U.S.D. The Seller may also declare that all outstanding invoices between the parties become due.
DELIVERY, DELAYS, QUALITY and RETURNS
Delivery of goods to the carrier at Seller’s plant or other loading point shall constitute delivery to Buyer and transfer of the risks relating to the goods from Seller to Buyer, and regardless of shipping terms, all risk of loss or damage in transit shall be borne by Buyer. Seller reserves the right to make delivery in installments unless otherwise requested, all such installments to be separately invoiced and paid for when due per invoice, without regard to subsequent deliveries. Delay in delivery of any installment shall not relieve Buyer of its obligation to accept remaining deliveries. Seller will endeavor to ship by the means requested by the buyer but reserves the right to over-
Seller’s liability for any and all claims, losses or damages arising for any cause, including our negligence, shall in no event exceed the purchase price of the materials with respect to which the cause arose. In no event shall seller be liable for incidental or consequential damages.
Unless specified differently in writing, Seller warrants that its products shall conform to the description of such products as provided in the Seller’s catalog, or other literature, if furnished to Buyer. This warranty is exclusive, and seller makes no other warranty, expressed or implied, including any implied warranty of merchantability or fitness for any particular purpose. Seller’s warranties made in connection with this sale shall not be effective if Seller has determined, in its sole discretion, that Buyer or its customers have misused the products in any manner or has failed to use the products in accordance with instructions, if any, furnished by the Seller.
Seller’s sole and exclusive liability and Buyer’s exclusive remedy with respect to products provided to Seller’s satisfaction to be defective or non-
Seller does not warrant that the use or sale of the products delivered hereunder will not infringe the claims of any European or other patent covering the product itself or the use thereof in combination with other products or in the operation of any process.
At Buyer’s request, Seller may furnish technical assistance and information with respect to Seller’s products. Buyer assumes sole responsibility for results obtained in reliance thereon. Seller makes no warranties of any kind or nature with respect to technical assistance or information provided by it. Any suggestions by Seller regarding use, application or suitability of the product shall not be construed as an express warranty unless expressly designated as such in writing signed by Seller.
RETENTION OF TITLE
Seller shall retain ownership of the goods until Seller has received payment in full for the goods, including any costs, interest and taxes relating to the sale of the goods. The Buyer shall keep the goods in which the Seller has retained title at the Buyer’s premises in the state they were in at delivery, without any alteration, or incorporation into or mixing with other goods, whether moveable or immovable, and in such a manner that such goods may be easily identified. The Buyer shall not sell, pledge or grant any rights relating to the goods to any third party as long as they are owned by the Seller. The Buyer must immediately inform the Seller of any seizure, confiscation or any other conservatory measure taken on the goods by any third party. The Buyer shall maintain adequate insurance coverage for the goods for which the Seller has retained title.
A. Severability. All provisions of this agreement shall be considered as separate items and conditions, and in the event that any one shall be held illegal, invalid or unenforceable, all other provisions hereof shall remain in full force and effect as if the illegal, invalid, or unenforceable provision were not a part hereof, provided however, that whenever possible, the illegal, invalid, or unenforceable provisions shall be deemed modified and effective to the extent it may thereby be made legal, valid and enforceable.
B. Binding Effect. All provisions and terms of the contract between Buyer and Seller shall inure to the benefit of and become binding upon the heirs, executors, administrators, successors, representatives, receivers, trustee, and assigns of the parties.
C. Assignability. Neither this agreement nor any right or interest hereby granted to the Buyer whether under the contract between Buyer and Seller or otherwise shall be assigned by the Buyer or by operation of law without the prior written consent of an authorized officer of Seller and any assignment without such written consent shall be null and void and shall not bind Seller.
D. Buyer, having carefully read all provisions of this agreement, acknowledges receipt of a copy of this agreement and agrees that the terms contained herein shall supercede those terms in the purchase order which are conflicting, inconsistent or contradictory therewith, and that it has not relied upon those representations or warranties with respect to the goods except those expressly set forth in this agreement.
Seller and Buyer will endeavor to settle disputes between themselves, but in the event of no friendly solution the International neutral Arbitrage Cout of Lugano (Switzerland) will be employed, only.