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General Terms Of Business

All contracts are governed by the following General Terms of Business. Deviations from these Terms are effective only if they have been expressly confirmed by us in writing. Trading conditions of the customer do not bind us even when he does not object to them explicitly.

I. Quotations, Scope of Deliveries

1. Our offers are subjected to confirmation. Oral agreements or agreements by phone are binding only if we have confirmed in writing.

2. 

The scope of delivery is determined based on our written order confirmation. If an order has not been confirmed, our quotation is binding. Ancillary agreements and alterations are valid only if we have confirmed them in writing.

II. Prices and Terms of Payment

1. 

Prices are either FOB China or CIF basis, as specified in our quotation, including stuffing into container but exclude additional sea worthy packaging. If the price for material or exchange rate between USD and Chinese Yuan ( RMB ) changes, prior to the signing of Sales Contract, we are entitled to increase the price accordingly.

2. 

In case of deliveries abroad the customer has to bear all levies, charges, taxes and cost for the technical examinations which are incurred outside of China. This also applies for legalization of certificates of origin, invoices of consulates.

3. Net payments have to be made as follows:

a. 

Minimum of 30% ( Thirty percentage points ) as deposit, upon signing of Sales Contract or receiving of Customer Purchase Orders. Balance 70% prior to shipment from China .

b. Any other agreed upon form of payments, which is stipulated in the Sales Contract.

c. 

In the event deposit is not received within the stipulated period or beyond 14 days from date of Sales Contract or Customer Purchase Order, we reserved the right to refuse the order.

For more details on our general terms of business, Click Here.