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SHAPING STEEL SOLUTIONS




                   • Seller, being the only possible indemnity action due to delay and without it   amount paid at the time of purchase of the product.  The most favorable
                     ever exceeding the total value of the delayed Products.  solution will always be sought within a reasonable framework for the parties,
                   • Unless intent or gross negligence can be detected in the Seller's delay, the   as well as with the least possible economic impact.
                     Buyer may not refuse to supply the Products, suspend the performance of   9. SAMPLES
                     its obligations, especially payment obligations, or call for cancellation of the   The supply of samples by the Seller is subject to the processing of a sample
                     sale.                                            order reflecting the type of product, supply conditions and costs agreed with
                   • The risk, the responsibility of the transport and insurance, as well as the   the corresponding written confirmation of samples by the Seller. The details in
                     point of delivery, are regulated by the Incoterms 2020 agreed in the   the Seller's documentation shall always prevail.
                     particular conditions, in the o er sent or in the accepted order.   10. SALE AND TRANSFER OF LIABILITY
                   • The deadlines indicated in the order confirmation are merely informative   The conditions shall be fixed between the Seller and the Buyer within the
                     and may be subject to occasional variations that will be notified to the Buyer   terms and conditions established in each case. For its validity it will be
                     as soon as possible.                             imperative to have an o er / accepted order in force reflecting the same and
                   • The goods shall remain in the possession of the Seller until they have been   its validity date.
                     paid for in full by the Buyer. In the event of non-payment, the Seller is   In  case of reaching the  expiration  date of the o er  /  accepted order  and
                     entitled to reclaim and recover the unpaid goods at the Buyer's expense.   prolonging the collaboration, these will automatically maintain their validity in
                     This does not exclude possible surcharges for other items.  the operations to be carried out.
                   6. ACCEPTANCE OF ORDERS                            The setting of the conditions shall be the sole responsibility of the Seller and
                   The Buyer's orders shall not be considered final until they have been   shall prevail over any other indicated in documents issued by the Buyer.
                   confirmed and accepted in writing by the Seller.    The terms of delimiters regarding the transfer of responsibility for the
                   The Seller reserves the right not to fulfill the order if the Buyer is not up to date   shipment of goods will be in accordance with the Incoterms 2020.
                   with their outstanding payment obligations or if there are clear indications that   The Seller reserves the right of unilateral termination of the agreement if the
                   the Buyer may not be able to meet the payment within the specified   Buyer breaches any of the conditions set forth in these GSC or those agreed
                   terms/conditions.                                  between the parties.
                   The order is deemed to be accepted by the Seller in its terms and conditions   11. TERMS AND PAYMENTS
                   from the moment the written confirmation is sent by the Seller.
                                                                      The Seller will indicate in its order confirmation the terms and conditions for
                   In the event that the Buyer cancels an order placed prior to shipment the Seller   the payment of invoices. These shall be the only valid and binding terms and
                   shall be entitled to carry forward all charges incurred up to the time of   conditions. If these do not appear in the confirmation, the following shall apply:
                   cancellation and any raw materials/products which are already manufactured   "in advance" if there is no credit line, or in accordance with the credit line
                   and cannot be used for any other purpose.          granted and approved by the Seller.
                   7. WARRANTY                                        There shall be no right to cash discounts or deductions of any kind by Buyer
                   The Seller provides a six-month warranty from the date of material availability   unless these have been mutually agreed to in writing by the Seller.
                   to the buyer according to the agreed conditions. This warranty will cover any   Invoices shall be payable to the accounts indicated on the invoices issued by
                   non-detectable defect or failure that our product may su er due to faults   the Seller by bank transfer and in accordance with current Spanish legislation
                   derived from its production and under a use within the designated application   within the established deadlines.
                   for the same.
                                                                      The Seller reserves the right of partial shipments and their invoicing, being the
                   Any di erent use, alteration of the product or its defective installation by the   Buyer responsible for the payment of these partial shipments according to the
                   Buyer not respecting the instructions provided by the Seller renders this   agreed conditions and deadlines.
                   warranty null and void.
                                                                      The Seller reserves the right to issue surcharges for late payments, as well as
                   Any admission of a claim will entail the correction, repair or replacement of the   penalties for costs associated with the claim of such non-payments.
                   defective product, or the refund of the amount paid by the Buyer at the time. No
                   other claim is admissible that exceeds such as penalties, expenses of others or   In the event that the Buyer is not up to date with its payments, the Seller may
                   derived from loss of income.                       suspend and/or cancel the supply of Products at any time until the situation is
                                                                      regularized.
                   The application, use and maintenance of each product is governed exclusively
                   by the indications in the documents issued (and in their latest version) by the   12. FORCE MAJEURE
                   Seller (Technical Data Sheets, Manuals, Drawings).   Force majeure shall be considered to be any event of any nature beyond the
                   The Seller reserves the right to modify the documentation at any time and   reasonable control of either Party, such as, in particular, strikes or lockouts of
                   without prior notice. It shall be the Buyer's responsibility to inform himself and   any nature, interruption of means of transport, whatever their cause, legal or
                   to request from the Seller the documents he deems necessary.  regulatory provisions a ecting the production or distribution of the Products,
                                                                      exceptional di culties in the supply of raw materials, machinery breakdowns
                   Any other application must be confirmed in writing by a valid and authorized   or explosions. Independently of the causes that are legally considered as force
                   representative of the Seller in order to maintain the guarantees and rights   majeure, any breakdowns that paralyze the installations and other
                   described above.                                   disturbances in the manufacturing process and delays in the delivery of
                   8. CLAIMS AND RETURNS                              products, services or raw materials essential to production shall be
                   If the products show apparent damage, the Buyer must notify it in writing at the   considered as such.
                   same time of availability or delivery, with the anomaly expressly and detailed   Whenever there is a cause of force majeure, the Seller may postpone the
                   noted in the delivery note.                        delivery of its products or services for the duration of this and its e ects, or
                   If the products were to present any defect in quantity or quality, the Buyer must   cancel the order, if applicable.
                   notify the Seller in writing within twenty-one (21) natural days from the   When this happens, no compensation may be claimed by the buyer.
                   availability of the products at the Seller's premises, or within seven (7) days if   13. MISCELLANEOUS
                   they  are  delivered by the Seller  at the client's premises,  according to the
                   particular conditions of the transportation insurance contracted by the Seller.   In the event that the competent Courts declare any provision of these GSC null
                   In the event of hidden defects or defects that are not reasonably detectable   and void, this shall not a ect the remaining provisions of these GSC which
                   upon receipt of the merchandise, the Buyer must notify the Seller in writing   shall remain in force.
                   within six months from the availability or delivery of the supplied products. For   Any discrepancy or conflict between the parties related to the supply of
                   the processing of this claim, it will be essential to provide documentary   Product or any obligation, performance or right of the parties arising from the
                   evidence that unequivocally demonstrates the facts being claimed, so that it   execution of the o er sent or the order accepted, always and in any case
                   can be determined whether it is admissible and addressed: delivery notes,   imperatively shall be subject to Spanish jurisdiction and the laws in force in
                   photos, videos, or reports. If necessary, the buyer will facilitate the shipment or   Spain, excluding any validity or enforceability of any other jurisdiction or
                   collection of the defective parts or materials for their evaluation and analysis.   foreign law.
                   No return of material will be accepted without prior acceptance of the return   For the interpretation and fulfillment of the obligations arising from this
                   order by the seller.                               contract, the parties,  expressly waiving any other jurisdiction  that may
                   Any claim that may occur outside the indicated period, without the supporting   correspond to them, agree to submit to the jurisdiction of the courts and
                   documentation or the corresponding proofs, or that is outside the coverage of   tribunals of the Seller's domicile.
                   the guarantee, does not oblige the Company to assume the same and it will be   These GSC are drawn up in Spanish and English, with the Spanish version
                   the exclusive decision of MRF to accept it for processing if it is so considered.  prevailing and being authoritative in case of discrepancy.
                   Compensations will always be adjusted to the material value either through its
                   credit or replacement of the damaged product and with a maximum of the




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