General terms
Business terms for
spare part supply.
Our normal Business Terms for Spare Part Supplying are below; however, they may vary from time to time without prior notice.
- Normally we offer as below: subject to our final confirmation, subject to an undivided order, and subject unsold.
- Price is EXW, CPT, FOB or CFR (destination) according to Incoterms (latest edition).
- Legalisation and certification of documents are charged at cost if applicable.
- Delivery time counts always after receipt of workable L/C or advance payment.
- Inspection prior to shipment is final. Third-party inspection costs are for buyer's account.
- Weighing and invoicing: material supplied from Europe is on actual weight basis. Theoretical weight invoicing is possible from other origins and depending on the steel material.
- Packing depends on the commodity or destination, for example: Airworthy Packed, Suitable for Export, Foam Packing, Euro Standard, or specified packing as per client's requirements.
- Delivery allowance is +/- 5% or as agreed at the time of order.
- Payment: irrevocable letter of credit payable at sight, to be opened within 4 days from order confirmation in full text by telex, allowing T/T reimbursement. L/C has to be confirmed by a prime international bank at the initiative and expense of the buyer. All banking charges are for opener's account, including negotiation, reimbursement, remittance and courier. Conditions for L/C opening are normally given after order confirmation. All quantity per item and in total and total values in the L/C are to read "about".
- Let us know if you have reservation on any particular manufacturer or origin.
- Certificate or Certificate of Conformity will be supplied according to the agreed norms.
- We reserve the right to re-quote if our offer is not accepted entirely as quoted.
- Since in most cases we have to go through considerable effort and time to prepare a particular offer, we request prompt feedback on our offers to discuss with our principals.
- Buyers have to satisfy themselves that the material offered is suitable for their particular application.