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Terms and Conditions

Terms and Conditions
Standard Terms and Conditions of Sale

1. Conditions of Sale: Buyer's purchase order or quotation shall be subject only to the terms and conditions set forth herein, notwithstanding any terms and conditions that may be contained in any purchase order, acknowledgement or other form by Buyer. Such terms and conditions of Buyer shall not bind Seller unless accepted by Seller in writing whether or not they materially alter this order. This order shall be governed in all respects by the laws of the state in which Seller is incorporated. In the absence of a written agreement, an acceptance of any goods received by Buyer filling a purchase order to Seller shall constitute an acceptance of these terms and conditions.

2. General Terms of Sale: Payment: Net 30 days, on approved credit. Seller accepts payment by American Express, MasterCard or VISA. (Payment by credit card must be communicated at time of order placement; card will be charged at time of shipment for all items in stock at the time of order placement, and will be charged upon order placement for all special order or backordered items.) FOB: Shipping point. Minimum Order Value: $50; waived for credit card orders.

3. Quotation Expiration: All quotations are valid for 60 days from quotation date, unless otherwise specified.

4. Shipping Discrepancies: Errors in shipping quantity or damage to shipped products must be reported within ten (10) business days of receipt of product, or will not be acted upon.

5. Order Cancellation and Reschedules: Orders may be cancelled only upon approval by Seller. Such cancellations are subject to a cancellation fee. Scheduled shipments may be scheduled to a date later than originally agreed to, only upon approval by Seller. Such shipment reschedules are subject to a reschedule fee.

8. Return for Credit or Exchange: All returns of non-defective material for credit or exchange, not due to a Seller error, must be authorized in advance, and in writing, by Seller. Items to be returned must be current revisions of standard price list items in original, unopened packaging and in sellable condition. Quantity of any item being returned may not exceed 25% of the quantity of that item shipped to Buyer during the six months immediately prior to the return request. Return of such items is subject to a return processing fee, equal to 25% of the extended sales price of the item(s) being returned; minimum fee is $50. Non-standard, modified, "special order", "special value" or "promotional" items and fabricated assemblies are non-cancelable and non-returnable. Requests for return of non-defective material for credit or exchange resulting from a Seller error (i.e., mis-shipment of material or quantity) shall be handled at no charge to Buyer. All return authorizations expire thirty (30) days after authorization notification and shall not be renewed.

9. Delivery: Seller shall not be liable for any delays in or failure of delivery due to acts of God or public authority, labor disturbances, accidents, fires, floods, extreme weather conditions, failure of and delays by carriers, shortages of material, delays of suppliers, or any other cause beyond Seller’s control. In no event shall Seller be liable for consequential or special damages arising out of a delay in or failure of delivery. Buyer’s requested delivery date or schedule shall be approximate and subject to Seller’s acceptance.

10. Warranty: Seller provides no warranty with respect to the goods sold hereunder. Seller agrees to use its best efforts to assist Buyer in enforcing any warranty provided by the Manufacturer(s) of the goods. The repair or replacement of defective products under warranty is at the sole discretion of the manufacturer; Seller does not replace returned defective products with new products. In no event shall Seller or Seller's supplier(s) be liable for consequential or special damages arising out of a defect in material or workmanship.

11. Nuclear Indemnity: If the goods are to be used in any nuclear installation or activity, the Buyer or the ultimate user (i) shall secure and maintain the maximum nuclear property damage liability insurance protection available (ii) shall enter into and maintain a government indemnity agreement, and (iii) shall waive and require its insurers to waive all rights of recovery or subrogation against Seller and shall indemnify and hold Seller harmless from and against any claims, losses or damages arising out of a Nuclear Incident as defined in the Atomic Energy Act of 1954, as amended.

12. Taxes: Any sales, use, excise or similar tax payable by Seller which is or may be imposed by any taxing authority upon the sale or delivery of goods covered by this order, or any increase in rate of any such tax not in force, shall be added to the sales price; if not collected at the time of payment of sales price, Buyer will hold Seller harmless.

13. Attorneys’ Fee: In the event that default should occur in the payment for the goods sold hereunder, Buyer agrees to pay Seller’s reasonable attorneys’ fees and court costs incurred by Seller to enforce payment thereof.

14. Finance Charge: 1 ½% monthly (18% per annum) on past due accounts.
Copyright 2013 Swan Associates, Inc.