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Sel iing Po li cy 25-000
<br />hfovember 1, 20C8
<br />Page 2
<br />~s~~~
<br />Terms of payment for orders exceeding
<br />$6d,000.00 shali be made axordino to
<br />the foflaw€ng: v
<br />1. Twenty ~ercent (204~) of a~der
<br />value wiYh #he pur~hase order
<br />Rayatrle 30 days Frpm da!e of
<br />irnroi ce.
<br />2. Eighfypercerrt(80~}afordervalue
<br />in equal monthiypaymcnts over
<br />the pertormancre penod payable
<br />34 da~ from date of irrioice.
<br />Ex~ept for rrork perfiormed (i) u~der a
<br />firrn fixed price basis or(ii} pursusrrt tb
<br />terms efs previouslypriced existinq
<br />ca~r~ot hetween Sefi~rand Buyer,
<br />inaoices forwark perfotmed by Se11er
<br />shal! haue ~t}dad and n~ted on each
<br />irnai~s a charge of 3°~ (rnrer and above
<br />the p~ice of fhe work) which is retated #o
<br />Se31er complianee with present and
<br />proposQd environmental, heatth end
<br />safety regulations associated with
<br />prescribod raquirements aovenng
<br />hazardous materials management and
<br />employea trainirtg, communications,
<br />personal proteetive equipment,
<br />documerrtaEion and rscord kseping
<br />associated therewith.
<br />Adequate ,4ssurance s
<br />IP, in the judgmerit af 5eiler, the financial
<br />con~tion af ths Buyet, a# any time tluring the
<br />period of the corrtraa, does not just~fythe
<br />terms ofpayment specified, Ssllermay
<br />ret~uire fuil or partial peymant in advance.
<br />Delayed Paymerrt
<br />If payments are not made in accordance vrith
<br />these terms, a service charge will, without
<br />prejudice #o the right oF Seller to imme~ate
<br />payment, be added in an amount equal to the
<br />lower ot 1.~4c per month or frection thereof or
<br />the hi~hest legal rate ort the un~aid balance
<br />Freight
<br />Freigf-~t policy w~l be listed on the Rroduct
<br />discount sheets, or at option o€ Sefier one
<br />ofthe fuiiawing freight terms wilf tae quoted.
<br />F.D.B. - P1S - FrtfPpd. and Irtvoiced
<br />Products are sold FA.B. point of shipment
<br />fraight prapaid ancJ invoiced to the 3uyer.
<br />F.O.B. - P/S - FrLJPpd. ar9d Alloaved
<br />Products sold are delivere~ F.0.6. pQint
<br />of shiGment, feeighi pcepaid and included
<br />in the pnce.
<br />F.O.B. Dostinat€on - Frt.tPpd. and Altowed
<br />At Buyers option, Seilsrwill dativertlie
<br />Products F.fl B. destination freight prepaid
<br />and 24'o wili be added to the net price
<br />The term `freight prepaid" meansfhat traioht
<br />cltarges wiU be prepaid to the eccessible
<br />common carrier deEivPry point nearest the
<br />des6naUar. ior sh;pme~ts within the United
<br />States and Puerto Rico unless nated
<br />ditferently on the Product discouni sheets
<br />For any other destination, cxintact Geiler's
<br />representative.
<br />Shipment and RouYing
<br />SellS~sl~~i1 select the poi~ of origm crf
<br />shipment, the method oftransFortation, th~
<br />Yype of carrer EGuipment arld the routing of
<br />the shiGment.
<br />If the Buysr spea~es a speaaE rc~ethod of
<br />transpo~tation, type of carrier equipment,
<br />reuting or deiivery requitemenE, Buyer shail
<br />Ray ail spe:~al frsight and handling charges
<br />Vtfien fr~ight is induded in the price, no
<br />ailowance will be made inlisu of
<br />transpo~taYion if the Buyer accepts shipment
<br />at Nactary, w~rehouss or he(gh# staUan ur
<br />c~thenvisa suppiies ~s own transpo~taNon.
<br />Risk cf Loss
<br />Risk of loss or demage to the Praducts shaEl
<br />pass to Buyer at the F.O.B. point.
<br />Goncealed Damage'
<br />Except !n the event af F O.B. des6nation
<br />shipmerrts, Seller will not participate in any
<br />settlemerit of daims for concealed damage
<br />V3h7en shipment has been made on sn F.O.B
<br />destination basis, the Buyermust unpack
<br />immediateiyand, if damage is discovered,
<br />must.
<br />1 Not move th~ Products from #he point
<br /> of examiration.
<br />2. Retain shipping container and
<br /> ~iac{dng material.
<br />3. Notify the carrier in vwriting of any
<br /> appareM damage.
<br />4. Notify Seller represenEatiue within
<br /> 72 hours of delivEr~+.
<br />5. Ser:d Seiler a copy of the carrier s
<br /> inspection report
<br />Witness TestslCustomer tnspection
<br />Standarci fa~tory tasts may be witriessed by
<br />the Buyer at Seiler's factory for an a~ditianal
<br />charye calculffied at the rffie of $2;500 per
<br />day (not to excezd eight i8) hours)per
<br />Producttype. Buyermay tiral Insped
<br />Products atthe Sellers factory tor $500
<br />per day per Rroduct type.
<br />Witn~ss tests wiA a~id ona (11 week to the
<br />schedWed shipping date. Seiler will notify
<br />Buyer tourteen {14} calendar da/s priortc
<br />scheduled wifness testing or inspection. ln the
<br />everrt Buyer is unable to aitend, the Par~es
<br />shall mutually agree on a rescheduled date.
<br />Howevsr, Selier reserves the righrt to deem
<br />tha vJitnass tests waived with the right to ship
<br />and irrvoice Products.
<br />Held Drders
<br />For any order held, delayed or reschsduled
<br />at ths requsst of the Buysr, 8eller may, at its
<br />sole option, i1 } requirg payment ta be based
<br />on any raasanabie basis, inGuding but not
<br />limited to the contract price, and any
<br />addRianal expanses, orcest rasu~ing fiam
<br />such e deley; (2 ) store Products et the sole
<br />cast end risk of ~oss ofthe Buyar, andtor(3)
<br />chargeio the Buyerihase pnces un*Jer the
<br />applicaDla prtce policy. Payment ft~r such
<br />price, expenses and costs, in any such
<br />ever~t, 5ha11 be due by Buyerriithin thirty {30)
<br />days from date of Sellers irr~olce. finy order
<br />so held delayed or rescheduled beyond six (6}
<br />months will be trea'ed as a Buvertermination,
<br />Dcdwing Approval .
<br />Seller tvill design the Pruducts in fine with,
<br />in Selie~s judgrosnt, good carrrmeraal
<br />pra~itY3. If at drawing approvai @uyer makes
<br />changes outside ofthe design as coverad
<br />in FhEir speafications, Ssllarwiu then
<br />be paid raasor~abis charges and allowred
<br />a cammensut~te deley in shipping dats
<br />basad on the cha~ges made.
<br />Drawring ReSubmittal
<br />When SeUeregrees ta do so in its quotation,
<br />Seller shall provide Buyer with the firsi set
<br />of factary a.~stomer approval drawing(s} at
<br />Seiler's expense, The customer approval
<br />drawing(s) wiil be delivetBd at the quoted
<br />delivery date. If Buyer requests drawing
<br />chenges oradditicns a&erthe initial factary
<br />custamer approval drawing(s } have been
<br />submitted by Seller, the Selier, aE its option,
<br />m~y ~ssess Buyerdrawing chargss. Fadory
<br />eustomer approval drawing ch~nges required
<br />due to misinterpretetian by Selferwill b~
<br />at Seilers expense. fipprovai drawings
<br />generated by Bid-Managarare excluded
<br />from this provision.
<br />YY,AR(2AN71'
<br />VYarrar~ty For Products
<br />Setter warrarrts ihat ths Products
<br />manufactured by it wili confarm to
<br />Seiker`s applicable specifications and be
<br />free from faiWre due to oe~cts irt
<br />workmat~~hip and matgnal for oY~e {?}
<br />year trom the date af installation ~f the
<br />Product or eighteen (18) monihs #rom
<br />the date of shipment of the Product,
<br />whid~ever occurs first.
<br />In the'event any Product faids to compEy
<br />with the foregoing.wamanfy SailerwilE, ak
<br />its option, either (a) rapair or repiaca the
<br />defecfive Froduct, or defec[ive part or
<br />component thereoi. F.0.8. 8elter`s
<br />taafity freight prepaid, or (b} credit ~ayer
<br />forthe purchasa prics of the Product. All
<br />warranY~ claims shall be made in wn6r~g.
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