1.ORDERSANDACCEPTANCE:-
1.1.ALLORDERSPLACEDBYTHEBUYERARESUBJECTTOACCEPTANCEBYTHECOMPANY.
1.2.THECOMPANYRESERVESTHERIGHTTOREJECTORMODIFYORDERSBASEDONPRODUCT
AVAILABILITY,MANUFACTURINGLIMITATIONS,ORPRICINGCHANGES.
1.3.ANYCHANGESTOANORDER,INCLUDINGSPECIFICATIONSORQUANTITIES,MUSTBEMUTUALLY
AGREEDUPONINWRITINGBYBOTHPARTIES.
2.PRICINGANDPAYMENTTERMS:-
2.1.PRICESLISTEDINTHECOMPANY’SQUOTATIONAREVALIDFOR30DAYSUNLESSOTHERWISESTATED.
2.2.PRICESARESUBJECTTOADJUSTMENTBASEDONRAWMATERIALCOSTS,EXCHANGERATES,AND
OTHERMARKETCONDITIONSATTHETIMEOFDELIVERY.
2.3.PAYMENTTERMSAREASFOLLOWS:
50%ADVANCEPAYMENTUPONORDERCONFIRMATION.
50%DUEUPONDELIVERYOFGOODSORASPERANAGREEDPAYMENTSCHEDULE.
2.4.LATEPAYMENTSWILLINCURANINTERESTCHARGEOF[X]%PERMONTH,STARTINGFROMTHE
DUEDATEUNTILPAYMENTISRECEIVED.
2.5.THECOMPANYRESERVESTHERIGHTTOSUSPENDORCANCELFURTHERDELIVERIESIFTHEBUYERFAILSTOMEETPAYMENTTERMS.
3.DELIVERYANDLEADTIMES:-
3.1.LEADTIMESAREESTIMATESANDDEPENDONPRODUCTIONSCHEDULESANDMATERIALAVAILABILITY.DELAYSWILLBECOMMUNICATEDPROMPTLYTOTHEBUYER.
3.2.THECOMPANYISNOTRESPONSIBLEFORANYDELAYSCAUSEDBYFACTORSBEYONDITSCONTROL,
INCLUDINGBUTNOTLIMITEDTONATURALDISASTERS,TRANSPORTATIONSTRIKES,ORSUPPLIER
SHORTAGES.
3.3.PARTIALSHIPMENTSAREALLOWED,ANDTHEBUYERAGREESTOACCEPTTHEMUNLESSOTHERWISE
SPECIFIEDINTHEORDER.
3.4.THEBUYERISRESPONSIBLEFORANYADDITIONALDELIVERYCOSTSUNLESSAGREEDOTHERWISE.
4.SHIPPINGANDRISKOFLOSS:-
4.1.UNLESSOTHERWISEAGREED,ALLSHIPMENTSAREEXWORKS(EXW)THECOMPANY’S
FACILITY,ANDRISKOFLOSSORDAMAGETOTHEPRODUCTSPASSESTOTHEBUYERUPON
SHIPMENT.
4.2.THEBUYERISRESPONSIBLEFORINSPECTINGTHEPRODUCTSUPONRECEIPTANDMUST
NOTIFYTHECOMPANYWITHIN5DAYSOFANYVISIBLEDAMAGESORDISCREPANCIES.
4.3.THECOMPANYWILLASSISTINANYCLAIMSMADEAGAINSTTHECARRIER,BUTLIABILITYFORLOSSORDAMAGERESTSWITHTHEBUYER.
5.PRODUCTWARRANTY:-
5.1.THECOMPANYWARRANTSITSPRODUCTSAGAINSTDEFECTSINMATERIALAND
WORKMANSHIPFORAPERIODOF12MONTHSFROMTHEDATEOFDELIVERY.
5.2.THISWARRANTYISLIMITEDTOTHEREPAIRORREPLACEMENTOFDEFECTIVEPRODUCTS,ATTHECOMPANY’SDISCRETION.
5.3.THEWARRANTYDOESNOTCOVERDAMAGECAUSEDBYIMPROPERUSE,STORAGE,
INSTALLATION,ORHANDLINGBYTHEBUYERORTHIRDPARTIES.
5.4.ALLWARRANTYCLAIMSMUSTBESUBMITTEDINWRITING,ANDDEFECTIVEPRODUCTS
MUSTBERETURNEDFOREVALUATION,SUBJECTTOPRIORAPPROVALBYTHECOMPANY.
6.CUSTOMORDERSANDSPECIFICATIONS:-
6.1.FORCUSTOMWIREANDCABLEPRODUCTS,THEBUYERISRESPONSIBLEFORPROVIDING
ACCURATESPECIFICATIONS,INCLUDINGDIMENSIONS,MATERIALS,ANDPERFORMANCE
REQUIREMENTS.
6.2.THECOMPANYISNOTLIABLEFORANYDEFECTSORPERFORMANCEISSUESTHATRESULT
FROMINCORRECTORINCOMPLETESPECIFICATIONSPROVIDEDBYTHEBUYER.
6.3.CHANGESTOCUSTOMORDERSMAYAFFECTPRICINGANDLEADTIMES.
7.LIMITATIONOFLIABILITY:-
7.1.THECOMPANY’SLIABILITYFORANYDAMAGESARISINGFROMTHESALE,USE,OR
PERFORMANCEOFITSPRODUCTSISLIMITEDTOTHECONTRACTPRICEOFTHEPRODUCTS
INVOLVED.
7.2.THECOMPANYISNOTLIABLEFORINDIRECT,INCIDENTAL,ORCONSEQUENTIALDAMAGES,
INCLUDINGBUTNOTLIMITEDTOLOSSOFPROFIT,LOSSOFUSE,ORBUSINESSINTERRUPTIONS.
8.RETURNSANDCANCELLATIONS:-
8.1.STANDARDPRODUCTSMAYBERETURNEDWITHIN30DAYSOFDELIVERY,SUBJECTTOA[X]%RESTOCKINGFEEANDPRIORWRITTENAPPROVALFROMTHECOMPANY.
8.2.CUSTOMORMADE-TO-ORDERPRODUCTSARENON-RETURNABLEANDNON-REFUNDABLE.
8.3.ORDERSMAYONLYBECANCELEDWITHTHECOMPANY’SCONSENT,ANDTHEBUYERMAY
BESUBJECTTOCANCELLATIONFEESCOVERINGCOSTSINCURREDBYTHECOMPANYUPTO
THETIMEOFCANCELLATION.
9.INTELLECTUALPROPERTY:-
9.1.THEBUYERACKNOWLEDGESTHATANYDESIGNS,DRAWINGS,ORTECHNICALDATA
PROVIDEDBYTHECOMPANYREMAINTHEPROPERTYOFTHECOMPANY.
9.2.THEBUYERAGREESNOTTOREPRODUCE,COPY,ORDISCLOSEANYINTELLECTUAL
PROPERTYBELONGINGTOTHECOMPANYWITHOUTPRIORWRITTENCONSENT.
10.CONFIDENTIALITY:-
10.1.BOTHPARTIESAGREETOMAINTAINTHECONFIDENTIALITYOFANYPROPRIETARY
INFORMATIONSHAREDDURINGTHECOURSEOFBUSINESS,INCLUDINGPRICING,TECHNICAL
DETAILS,ANDCUSTOMERLISTS.
11.FORCEMAJEURE:-
11.1.THECOMPANYWILLNOTBELIABLEFORDELAYSORFAILURETO
PERFORMDUETOCIRCUMSTANCESBEYONDITSREASONABLECONTROL,
INCLUDINGBUTNOTLIMITEDTOACTSOFGOD,GOVERNMENTALACTIONS,LABORSTRIKES,ORSUPPLYCHAINDISRUPTIONS.
12.ENTIREAGREEMENT:-
12.1.THESETERMSANDCONDITIONSCONSTITUTETHEENTIRE
AGREEMENTBETWEENTHECOMPANYANDTHEBUYERANDSUPERSEDE
ANYPREVIOUSAGREEMENTS,COMMUNICATIONS,ORREPRESENTATIONS.
13.MODIFICATIONS:-
13.1.THECOMPANYRESERVESTHERIGHTTOUPDATEORMODIFYTHESE
TERMSANDCONDITIONSATANYTIME.ANYCHANGESWILLBE
COMMUNICATEDTOTHEBUYERANDWILLAPPLYTOFUTUREORDERS.
