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Sales & Delivery Terms

1. Introduction: 
Acceptance of a quotation implies agreement with these sales and delivery terms.

2. Price: 
We offer various standard pricing terms, such as FOB, CIF, CFR, EXW, and other quotation formats for collaboration. Written quotations are binding, and any production equipment, drawings, or similar materials used as the basis for the quotation remain the property of the supplier.

3. Ownership: 
Full ownership is transferred upon the buyer's complete payment. Product ownership, copyrights, and other rights are held by the copyright owner, who can take action in case of a breach of the purchase agreement by the buyer.

4. Order:
 Buyers are not allowed to cancel, modify, or postpone orders without written consent from the supplier, and only if they cover incurred expenses and pay for the goods in cash. The responsibility and costs rest with the buyer until the goods are fully paid for.

5. Delivery: 
Delivery times are as specified in the order confirmation and depend on the product specifications at the time of ordering. A delay in delivery does not give the buyer the right to cancel the purchase unless the supplier is informed in writing to address the issue, and the supplier fails to deliver within a reasonable time. If the delay in delivery is due to the actions of the buyer, the delivery time may be extended within reasonable limits.

6. Force Majeure: 
Events beyond the supplier's control, such as war, riots, strikes, lockouts, epidemics, and other circumstances, may excuse delays or non-performance.

7. Deficiencies: 
The supplier is not liable for errors or defects resulting from improper handling, transportation, storage, assembly, or other negligence beyond the supplier's control, or for ordinary wear and tear.

8. Payment:
 Payment terms are specified in the order confirmation.

9. Product Liability: 
In cases of personal injury caused by a defective product supplied or installed by the supplier, the supplier shall only assume the general legal liability imposed on the seller. The supplier accepts no further liability for products made with materials provided by the buyer or products manufactured by the buyer (including materials provided by the supplier) unless the damage can be attributed to the supplier's products.

If you have any questions about this Policy and Privacy Policy, please contact the owner of this homepage at sales@smtbank.com