STANDARD TERMS AND CONDITIONS OF SALE
Effective January 2, 2018
Prices quoted are for immediate acceptance, unless otherwise stated on the quotation. Although it is BAI’s policy to provide advance notice, all prices and terms of sale are subject to change without advance notice. Prices do not include tax.
II. MINIMUM CHARGE:
The minimum charge for items available from stock is $50.00 unless otherwise specified. The minimum charge for manufactured items is $200.00 unless otherwise specified.
III. NON-STANDARD PACKAGING:
Requests for special packaging may be subject to additional net charges.
IV. PRODUCT WARRANTY:
BAI warrants its products to be free from defects and to conform to established specifications and drawings. BAI makes no other warranties expressed or implied.
V. LIMITATION OF LIABILITY:
BAI’s liability shall be limited to the repair or replacement of products or credit of the purchase price. Under no circumstances shall BAI be liable for incidental, consequential or special damages.
VI. STANDARD PAYMENT TERMS:
2% 10 days, net 30 days. Cash discount does not apply to taxes or transportation charges. Shipments may be suspended if the account balance exceeds the credit limit or the account becomes delinquent. Credit terms and credit limit are subject to change based on experience.
VII. SHIPPING TERMS:
F.O.B. point of shipment. Orders will be shipped collect or transportation charges will be prepaid and added to the invoice. Requests for shipment by other than our normal method of transportation will be honored whenever possible. We will make every effort to minimize shipping costs.
VIII. OVER / UNDER SHIPMENT POLICY:
Unless otherwise instructed, orders will be shipped within +/- 10% of specified order quantity.
Since our terms of sale are F.O.B. point of shipment, title passes to the customer when the shipment is tendered to the freight carrier. If damage is incurred on a shipment while in transit, it becomes the customer's responsibility to file claim with the carrier. In order to properly file a claim with the freight carrier, it is extremely important the following four steps be followed:
Customer should inspect all packages and contents for any damage upon arrival.
Visual damage to shipping container / contents must be noted on carrier's freight bill.
Carrier inspection must be requested immediately as carrier responsibility for concealed damage expires 15 days after delivery.
Contents must be retained in original shipping container, pending disposition, and BUFFALO ABRASIVES, INC. should be informed of any damage.
X. TRIAL WHEEL POLICY:
Purchase orders are required and full payment is expected on all trial orders. Trials will be invoiced on the basis of normal ordering quantity. Trial wheel orders are based on performance and any requested payment adjustments made must have a trial report approved by our technical sales department.
XI. RETURN GOODS POLICY:
No material may be returned to BUFFALO ABRASIVES, INC. under any circumstances without assignment of a returned goods authorization (RGA) number. Special made to order products are generally not returnable. Standard products may be returned providing they were manufactured within 12 months of the return date and are in the original undamaged packages. Unless otherwise agreed to, all costs of transportation incurred are the responsibility of the party returning the material. No C.O.D. or unauthorized returns will be accepted. All returned goods accepted for credit are subject to a minimum 20% restocking charge.
XII. ORDER CANCELLATIONS:
Orders may be canceled without penalty provided no manufacturing operations have been initiated. Once the manufacturing process has begun, cancellation at the discretion of BUFFALO ABRASIVES, INC. will be accepted with payment due based on the proportion of selling price measured by the degree of completion.
XIII. CO-OP ADVERTISING:
BUFFALO ABRASIVES, INC. encourages Industrial Distribution to advertise the BAI brand name in catalogs and other media. Reproductions of literature, catalogs and pictures are available at no charge. An annual advertising allowance is also available. A copy of the planned advertisement and a cost estimate must be submitted to BAI’s Sales and Marketing Department for prior approval. Upon approval a credit will be issued in an amount not to exceed 1/2% of annual sales.
XIV. BLANKET ORDER PROGRAM:
BUFFALO ABRASIVES, INC. will accept Blanket Orders of BAI manufactured products over an agreed period of time at quantity pricing pursuant to a Blanket Order Agreement which BAI will provide.
XIV. DOCK STOCK ORDER PROGRAM:
BAI agrees to:
a. Have shipments of the specified quantities ready in advance of specified release dates;
b. Have all products manufactured and packaged to mutually agreed specifications;
c. Reserve the right to implement changes to the terms of the Blanket Agreement as needed, to assure mutual beneficial efficiencies of the programs.
Customer agrees to:
a. Remit payment in accordance with the terms listed on invoices;
b. Not defer shipment more than 6 weeks from the original ship date;
c. Accept shipments for all product that has been manufactured to support the original shipping schedule.