ARE NET 30 DAYS, subject to credit approval. Initial orders will be shipped
C.O.D. since credit investigations take time to complete. A finance charge
of 1 1/2 % per month which is an annual percentage rate of 18% will be
charge on all pass due invoices.
Are F.O.B. Ferco's Warehouses. The carrier will have to be specified
by the customer. Material damaged in transit are the responsibility
of the consignee and any claims must be filed with the transport company.
DUTY OF INSPECTION
Buyer agrees to inspect delivered products within ten (10) days of receipt
of products at the destination specified in the order. Buyer agrees
to notify seller in writing if goods are defective in either materials
or workmanship or not in conformity with the terms of the order. Buyer's
failure to notify seller of defective or non-conforming goods shall
be deemed an acceptance of the goods.
No goods are to be returned to us without prior authorization and routing
instructions (see Return of Goods Policy). A 25% restocking charge could
apply to returned materials. ALL C.O.D. RETURNS WILL BE REFUSED.
Buyer agrees to purchase and seller by its acceptance of this agreement
agrees to sell, on the terms and conditions contained in this agreement,
goods from Ferco Architectural Hardware Inc. Purchaser's signature of
delivery receipt of goods shipped by Ferco Architectural Hardware Inc.,
trough their chosen freight forwarder, customer's chosen freight forwarder,
or picked up by customer or his chosen agent, attest to acknowledgement
and acceptance of seller's terms and conditions of sale. In the event
buyer becomes insolvent or breaches any provisions thereof, seller shall
have the right to stop delivery of goods whether in the hands of seller
or carrier, and, if such goods have been delivered to buyer, seller
may reclaim goods from buyer.
The sales price for products will be the price: Ferco Architectural
Hardware Inc. reserves the right to change prices without notice.
Seller shall not be responsible for failure to fill any order or orders
when such failure is due to fire, flood, riot, strikes, freight embargoes
or transportation delays, shortage of labor, acts of god, of the public
enemy or to any cause beyond seller's reasonable control.
Any order resulting herefrom will in all respects be construed and given
legal effect in conformity with the laws of the province of Québec.