Terms and Conditions
TERMS AND CONDITIONS OF PAYMENT:
Terms of payment are Net 30 from date of invoice. All pricing in U.S. currency. Past due accounts will be subject to a 2% per month service charge from the date of the invoice. If any proceedings be instructed by or against Buyer under any bankruptcy or insolvency law, or if Buyer shall fail to make timely payment on this or any other order, or if, in the Company’s judgment, Buyers financial situation justifies such action, the Company may, at its election, require payment in advance or cancel the order as to any unshipped item and require payment of its reasonable cancellation charges. If Buyer delays completion of manufacture, the Company may elect to require payment according to percentage of completion. Equipment held for Buyer shall be at Buyer’s risk and expense. In all cases, regardless of partial payment, title to the Products shall remain in the Company until payment for the Products (including any notes given therefore) has been made in full. Should legal action be necessary to enforce payment of an unpaid invoice, the Buyer will assume full responsibility for any court costs and reasonable attorney fees. All orders are subject to credit check and approval prior to shipment. The minimum order value is $100 NET. In the event an order is received under that stated minimum order value, a $25.00 “minimum invoice service charge” will be applied to the order but at no time will the minimum order exceed $100.00 NET before shipping, handling and taxes. All service charges are nonrefundable.
Material may be returned subject to the following conditions: 1. Must first be referred to your local representative for inspection, approval, and prompt handling; 2. Minimum value of $100.00 net; 3. Credit for parts given only if purchased as parts; 4. Customer must identify original shipment of material by invoice number and invoice date; 5. Prior written permission with a Return Goods Authorization (RGA); 6. 25% restocking charge; 7. Any charges necessary to put the material into saleable condition; 8. Credit will be issued for galvanized material at the value of painted iron; chrome plated and nickel bronze at the value of polished bronze; 9. Credit will be issued to apply only against future purchases, non-transferable to any cash currency; 10. Outgoing freight will be deducted from the credit; 11. Material must be returned freight prepaid; 12. Discontinued or obsolete material ONLY returnable by special negotiation.