AMMENDMENT E TERMS AND CONDITION REV.B
A. Quotation
1.
All
quotes are for the items and quantities specified in the quotation only.
2.
All
latest quotation overrides the previous one for the same item and/or quantity.
3.
Validation
of the quote 30 calendar days if not different on the specific quote.
4.
MOQ
and currency are specified on the quotation when applicable
B. Engineering
Changes
1.
All
changes of the drawing will affect the cost and delivery.
2.
We
reserve the rights to requote or refuse to manufacture the items.
3.
Compensation
will be paid by the customer.
C. Acceptance
of the Purchase Order
Every
acceptance of the Purchase Order will be acknowledged in writing no later than
1 (one) week after receiving.
D. Confidentiality
Confidentiality,
proprietary and trade secret information and /or material will be kept in
secret and no discussion will be made with anybody not involved in this order. An
agreement will be signed with the customer if necessary.
E. Taxes
All taxes are extra where
applicable.
F. Subcontract
No subcontract of any
quantity will be exercised.
G. Electrostatic
discharge control requirements.
All ESD parts will be handled
in accordance with our EDS procedures.
H. Inspection
Final inspection will be
provided on 100% quantity and COC and/or testing report will be provided.
I. Packing
and Shipping
1.
All
items will be individually marked, wrapped to the requirement of the drawing or
to the best commercial practices
before suitably packed into the box.
2.
The
shipping container/cardboard box will be double wall or in accordance to the
drawing requirement.
3.
The
shipping will be made in accordance with drawing requirements or customer
written instructions.
J. Warranty
1.
All
the parts will be shipped free from defects of material or workmanship and will
conform to drawings and specifications.
2.
Parts
are covered by 1 (one) year limited warranty.
Warranty will be void if the customer damages the parts.
K. Delivery
Schedule
1.
Parts
will be shipped after completion and inspection in accordance with the customer
schedule.
2.
The customer will be notified in writing if
late deliveries will occur.
3.
Cost
of shipment will be covered by the customer.
L. Cancellation
and Returns
1.
All
our products are built for specific customer by following the customer
drawing. All items of the purchase
orders are not cancelable and not returnable for the above reason.
2.
When
the purchase order is cancelled by the customer compensation will be paid after
negotiation.
3.
The
customer shall not return to Seller any goods purchased form Seller except upon
Seller’s specific written authorization in each instance.
4.
All
freight and restocking charges for returned goods will be negotiation at the
time of authorization.
M. Sale of
Business
In
the event that the Customer sells all or substantial portion of its assets to
another entity (the “Successor”) under circumstances in which the business then
conducted by Customer is or may be
continued by the Successor, Customer, shall give Seller thirty days
written notice thereof. In the event
that Customer does not provide such notice to Seller, Customer shall be liable for and shall pay on
demand the amount of all accounts receivable due by Successor to Seller arising
from the date of each sale of assets to the date Seller learns of such asset
sale.
N. Payment
1.
Any
payment received from the customer whose signature appears on the credit
application the “Customer or Buyer”) by BG Technology Inc. (“Seller) may be
applied by Seller against any obligation owing by Customer to Seller, regardless
of any statement appearing on or referring to such payment, without discharging
Customer’s liability to any additional amounts owing by Customer to
Seller. The acceptance by Seller of such
payment shall not constitute a waiver of Seller’s right to purse any remaining
balance.
2.
On
any invoice not paid when due, Customer shall pay a late charge from the due
date to the date of actual payment of the rate of 2% per month. If the Customer
fails to make any payment required hereunder, Seller may, without notice,
declare all obligations of Customer to Seller (“Obligations”) immediately due
and payable, whether or not such late charges are included in any statement of
account rendered by Seller to Customer.
3.
Should
any dispute arise with respect to any goods delivered by Seller to Customer,
Customer shall nevertheless pay all invoices covering goods no tin dispute,
without setoff, defense or counter-claim.
4.
The
Customer irrevocably agrees that it will not, without Seller’s prior written
consent in each instance, tender any payments for less than the full amount of
the invoice to which said payment applies (“Partial Payment’s). Any partial payments tendered by of for the
account of Customer shall not extinguish or otherwise affect any unpaid portion
of the subject invoices, despite any notation on or accompanying said payment
such as “in full payment”, or words of
similar effect.
5.
In
the event that either Customer or Seller finds it necessary to retain counsel
in connection with the negotiation, workout, extension, modification,
enforcement, or collection of any contract between them, Customer shall pay the
attorney’s fees and expenses of Seller.
6.
Customer
and agent (as defined below) represent that all cheques issued to Seller will
be honored by the drawee bank, and that no cheques will be so issued unless the
Customer then has funds on deposit in an amount sufficient to cover all cheques
issued by Customer. The Customer as will
the Agent acknowledges that Seller will materially rely upon this
representation in extending credit to Customer.
7.
Customer
agrees to reimburse Seller for all costs and expenses, including attorneys’
fees, which Seller incurs in enforcing any judgment rendered in connection with
this Agreement. This provision is
severable from all other provisions hereof and shall survive, and not be deemed
merged into, any such agreement.
O. Customer’s
Receipt of goods while insolvent
In
the event that Customer receives any goods from the Seller while Customer is
insolvent, this writing and the invoices received from us relation to such
goods shall constitute Seller’s demand for repossession of such goods.
P. Withdrawal
of Credit Approval
Seller
reserves the right before shipment of any goods ordered by Customer from
Seller, to require that all or a portion of the purchase price relation thereto
be paid to Seller, in good funds, prior to shipment.
Q. Material
Adverse Change in Customer’s Financial Condition
Notwithstanding
the stat3ed due date of any obligations, all Obligations shall become
immediately due and payable, without notice in the event that Seller determiner
there to have been a material adverse change in the financial condition or
business affairs of the Customer so that in Seller’s reasonable judgment
Customer’s ability to pay the Obligations has become impaired.
R. Verification
of Credit References
Seller
is authorized to contact any credit references provided by Customer and/or
credit organizations and to disclose any information reasonably necessary to
determine Customer’s creditworthiness.
Seller may also disclose any information concerning its relationship
with Customer, which is requested by anyone identifying themselves as an
existing or potential creditor of Customer.
S. Obligations
of Agent and Customer: Guarantee by Agent
By
signing the credit application, the agent executing this writing on behalf of
the Customer (the “Agent”) acknowledges in an individual (not representative)
capacity that:
a) On behalf of the Customer, it has read
and agrees to be bound by these terms and conditions, and they will govern and
apply to all transactions between Customer and Seller, unless specifically
modified by a writing signed by Seller;
b) All statements set forth herein are true
and correct, to the best of the knowledge of the Agent and the Buyer, and such
statements will be materially relied upon by Seller in extending credit to the
Customer; and
c) TO INDUCE SELLER TO SELL GOODS TO BUYER,
AGENT PERSONALLY GUARANTEES AND AGREES TO PAY ON DEMANED ALL OBLIGATINS NOW OR
HEREAFTER OWING BY CUSTOMER TO SELLER
T. Disclosure
of Applicant’s Right to a Statement of Specific Reasons for Action Taken
If
this application is not approved in full or if any other action is taken with
respect to applicant’s credit, applicant has the right to request within 60
days of Creditor’s notification a statement of specific reasons for such
action.