PLANET OCEAN LIMITED, the suppliers, will provide the items described (all items including software, spares, documentation, packing and accessories hereafter known as the equipment) in accordance with the following terms and conditions.
Acceptance. The placing of an order or contract will be deemed as acceptance by the buyer of the following terms and conditions unless registered otherwise in writing at the time of order.
Validity. Quotations are valid for 60 days from date unless otherwise stated.
Quantities. Quotations only apply to the quantities stated unless agreed in writing.
Guarantee. A full copy of the guarantee and warranty can be obtained upon request. In general, all warranties are ex works. In the event of a possible warranty claim, the supplier should be notified in advance of returns being made. Should a return be deemed necessary, equipment must be returned, properly packed and fully insured, with all costs and freight prepaid by the buyer. The buyer will observe the manufacturers and other instructions and regulations that may be issued for the proper use of the equipment and shall be entirely responsible for any damage caused to the said equipment through failure to observe such instructions or regulations. The suppliers make no warranties either expressed or implied with respect to the equipment other than those provided by the manufacturer in terms of its ability to perform the allotted task. It is the sole responsibility of the buyer to ensure that the equipment is suitable for the intended task.
Responsibility. The supplier will not be held responsible for any loss damage or injury (including death) to property or persons or business with regard to the equipment supplied or its use.
Cancellation. This can only be made with prior agreement of the supplier. The supplier reserves the right to claim against the buyer for expenditures incurred in the execution of the order/contract.
Buyers property. While all reasonable care will be taken of buyers property whilst in the possession of the supplier, such items are only accepted at the owners risk.
Telephoned orders and instructions. No responsibility is taken by the supplier for errors arising from telephoned instructions unless confirmed in writing or by fax at the earliest opportunity.
Delivery times. These are quoted in good faith and are subject to variation in work load, and sub contractors/principals ability to supply, and are therefore given without guarantee and shall not permit penalty or cancellation.
Prices. All prices quoted are ex works ex taxes Camberley Surrey, UK unless otherwise stated. VAT will be chargeable at prevailing rate on UK and EU orders at time of invoice.
Currency. Where items are supplied from an overseas manufacturer, prices will be quoted to include freight to UK, insurance, import duty and will be converted to £ Sterling at the prevailing rate. The supplier reserves the right to alter prices at time of invoice if the above factors have changed by greater than 2.5% during the term of the contract.
Terms. Terms are normally cash with order. Other terms may be agreed in advance. Credit terms may be provided on a thirty day from invoice basis.
Letters of credit. Where payment is to be made through letter of credit, such credits should be opened as follows:
- Irrevocable and confirmed on a UK clearing bank in £ Sterling.
- All charges to the openers account.
- Partial and transhipments allowed.
- Payment on sight of shipping documents.
- Validity, and latest shipment dates to be agreed in advance.
- Order acceptance and delivery times cannot be agreed before an acceptable L/C is in place and received by the supplier. Adequate time should be allowed within the L/C for amendments in this respect. A surcharge for letter of credit payment will be applicable to cover administrative costs.
Interest on overdue accounts. The supplier reserves the right to impose an interest charge equivalent to 2.5% per month on overdue accounts.
Ownership. Title to the equipment remains with the supplier under all circumstances until payment is received in full.
Ref: SALETERM.DOC April 2004