Terms of Sale

Terms of Sale

  1. General:
    (a) The acceptance of quotations submitted by Molco (seller) to a Customer
    (buyer) includes the acceptance of the following terms and conditions, subject
    to the provision contained in Clause 1-b hereof:
    (b) In the event of the buyer’s order form containing special printed conditions,
    the order for the goods quoted, will only be accepted by the seller with the
    understanding that the conditions are not in variance with the seller’s, or if
    there is any variance that such conditions have been waived by the buyer.
  2. Contract:
    Quotations, unless previously withdrawn, shall be valid for a period not
    exceeding 30 days from their issued date.
  3. Prices:
    Quoted prices are prepared from information, drawings or other data provided
    by the buyer. If any alteration is made after the placement of an order, the
    seller reserves the right to re-estimate the prices and deliveries; any resulting
    variation in the cost of labor and/or materials, will be notified and must be
    accepted by the buyer. Prices are EXW the place and country of manufacture
    noted in the quotation, unless otherwise specified by the seller.
  4. Delivery:
    The stipulated time for delivery, shall date from the receipt by the seller of the
    buyer’s written order to proceed with manufacturing, payment in full, or part as quoted by the seller, all the necessary information, such as drawings,
    specifications, or other data, to enable seller to proceed with the work. Dates
    of delivery are not guaranteed. If at any time the seller is hindered or
    prevented from making, or delivering the goods, due to strikes, lockouts, war,
    fire, accident, shortage of materials or fuel, or any other cause whatsoever
    beyond its control, the time or delivery shall be extended until such cause
    shall have ceased, but the seller may at any time, during the continuance of
    such hindrance or prevention, by notice to the buyer terminate the contract so
    far as it remains unperformed without incurring any liability because of such
    termination.
  5. Cancellations or suspensions:
    Orders accepted by the seller cannot be canceled or suspended except with
    the seller’s written consent; and then, if materials have been purchased,
    manufacturing commenced, or if any expenditure has been incurred in
    designing or as a result of lack of instructions only upon terms which will
    indemnify the seller against all loss.
  6. Liability:
    (a) The seller shall accept no responsibility for any damages or loss arising
    from delay in delivery, or handling, or damage to the tools during transit, or
    from any consequential loss arising there from.
    (b) Under no circumstances will the seller be liable for any sampling or testing
    charges which the buyer, or agent of his, may incur.
    (c) If any goods show defects arising solely from faulty materials and/or
    workmanship, the seller’s liability shall be limited to replacing such goods, but
    no such liability shall arise unless notification of such defects is received by
    the seller within 30 days from receipt of the goods and the alleged defective goods are returned to the seller with shipping charges prepaid. The seller
    shall be allowed a reasonable time within which to remedy the said defects.
  7. Alterations:
    (a) Requests of alteration by the buyer during manufacturing will be regarded
    as separate transactions from the original contract. The seller shall implement
    alterations upon receipt of written acceptance of price, delivery and terms
    quoted and subject to provision 7b herein.
    (b) Any requests of alterations or stoppage of work by the buyer will alter the
    terms of payment of the original contract. Prior to proceeding with requested
    alterations or resuming work, unless otherwise agreed upon, the seller shall
    be paid for the percentage of work done to date or for the full amount of the
    contract either if the work has been completed or if samples from mold tests
    have been submitted to the buyer for evaluation.
  8. Tests, inspections and performance:
    All goods are carefully inspected by the seller and, where practical, submitted
    to standard tests before dispatch. If beyond these, physical tests or running
    tests are required these will be at the buyer’s expense.
  9. Customer’s property:
    The buyer’s property will be held entirely at the buyer’s risk regarding damage
    by fire or any other cause. All tools, jigs, patterns and data are to be supplied
    by or charged to the buyer and shall become his property. The seller shall not
    be responsible for holding these for more than six months after delivery of the
    goods ordered.
  10. Customer’s materials:
    Should any spoilage occur due to defects in materials supplied by the buyer
    or its unsuitability, it is understood that the seller is to be paid for the work
    done and any consequential damage resulting from it.
  11. Lien:
    Besides any lien to which the seller may by statute or otherwise be entitled, in
    full or in part, the seller shall be entitled to a general lien on all goods of the
    buyer in their possession, although all or some of such goods may have been
    paid for, for the unpaid price of any goods sold and delivered to the buyer by
    the seller under any contract.
  12. Patents:
    The seller will not accept responsibility if the goods are the subject of any
    patent or registered design, and the placing of the order shall be considered
    as an undertaking by the buyer to indemnify the seller against any loss in
    respect of infringement of any such patent or registered design. Without
    prejudice to the foregoing, the seller reserves the right to cease work on any
    order, if it should come to notice that the goods in question are the subject of
    any patent or registered design, not owned by the buyer, in which case, the
    property of the work done should not pass to the buyer (except at the seller’s
    discretion) and the seller shall be entitled to recover and be paid such sums
    for work done and materials supplied as shall be reasonable in such
    circumstances.
  13. Performance of contract:
    Each delivery shall be considered a separate transaction and the failure of
    any one delivery shall not affect the due performance of the contract
    regarding other deliveries.
  14. Claims:
    Claims for non-delivery must be made within 10 days of Advice Note
    according to carrier’s regulations
  15. Packing:
    Packing cases are non-returnable unless otherwise specified.
  16. Transfer of order:
    The seller’s liability is restricted solely to the buyer from whom the order was
    accepted.
  17. Terms of payment:
    The terms of payment are as outlined on seller’s quotations. Requests for
    changes in terms must be made to and approved by the seller. In such
    instances, the seller reserves the right to re-submit the corresponding
    quotation.
  18. Arbitration:
    These conditions and all other expressed terms of the contract shall be
    governed and construed according to the laws of the state and/or the country
    to where the order was placed by the buyer and accepted by the seller.