WARRANTY We undertake to rectify or replace any parts that may prove defective, but no liability for direct or consequential loss or damage arising from such defects is accepted.
RISK Risk shall pass to the Customer on delivery.
TITLE The title to goods delivered by FITSCO INDUSTRIES LTD shall not pass until payment in full has been made against this invoice and any balances owing from previous deliveries.
TERMS OF PAYMENT Nett Monthly account, i.e. payment within 30 days from the end of the calendar month during which the goods were invoiced. FITSCO INDUSTRIES LTD reserves the right to charge interest at the rate of 2.5% per month on the outstanding balance of all accounts not settled within 60 days from the end of the month during which the goods were invoiced.
If payment is not made on these terms, or any such agreed terms then FITSCO INDUSTRIES LTD, without prejudice to any rights it may have, shall be entitled to suspend any further deliveries to the Purchaser.
ORDER SIZE/VALUE FITSCO INDUSTRIES LTD reserves the right to make a handling charge if the total order, excluding any taxes, is less than a value of 500 GBP.
CANCELLATION OF ORDERS Orders may be cancelled only with the written consent of FITSCO INDUSTRIES LTD and on terms, which would indemnify FITSCO INDUSTRIES LTD for all loss including but without limitation.
ie: The full cost of parts manufactured or in the course of manufacture less scrap value. The full cost of raw materials less scrap value. Any cancellation charge suffered by the company in relation to the cancellation of outstanding raw material commitments relating to the contract.
FITSCO INDUSTRIES LTD reserves the right to charge a minimum fee of 5% of the value of the order.
CLAIMS ON SELLER All claims, including claims for non/short (+/-1%) delivery, must be notified to FITSCO INDUSTRIES LTD by letter or fax within 20 days from the invoiced date of the goods against which a claim is alleged, otherwise no claim will be considered.
FITSCO'S LIABILITY FITSCO INDUSTRIES LTD’s liability in respect of proven claims is limited to the invoiced value of the defective goods. No consequential loss claims will be allowed for any reason.
FITSCO INDUSTRIES LTD reserves the right to make a 20% handling charge on all agreed returns.
PRICES FITSCO INDUSTRIES LTD reserves the right to alter prices without prior notice - however, orders accepted by Fitsco Industries Ltd for immediate despatch will be invoiced at the price ruling at the date of receipt of order.
INITIAL PRICES DO NOT INCLUDE V.A.T.
VARIATIONS No variations from the above conditions of sale will be allowed except as varied with our written agreement.