Capacitor Sales and Engineered Product, hereinafter referred to as “Supplier”, warrants the product supplied to be of the kind designated or specified. Unless otherwise expressly agreed in writing, Supplier shall replace any defective part or parts for Customer, hereinafter referred to as “Purchaser”, Ex Works Purchaser’s dock or shipping point. The above warranty applies to parts proven to be defective under normal and proper installation and use within 12 months of operation or 18 months from the date of shipment from the plant (whichever is earlier) provided that the Purchaser gives Supplier immediate written notice of any such defect or defects. The above warranty does not apply to products which have a life under normal use of less than the 12 month period referred to above, or that have, in any way, been altered or modified after delivery by Supplier. On expiration of the Warranty period, any liability of Supplier shall terminate.

Where the product sold by Supplier is the product of a reputable manufacturer sold under that manufacturer's brand or trade name, Supplier warrants that it will fulfill the same warranty obligations as it receives from the manufacturer.

The applicable Warranty expressed in this paragraph constitutes the only Warranty of Supplier and no other warranty or condition, statutory or otherwise, shall be implied.

2. Pricing, Delivery and Shipments

All Prices quoted by Supplier for products, special testing requested or required by the Purchaser performed by factory, or additional packaging required are valid for (30) days from quotation date, after which date, prices are subject to change without notice unless otherwise authorized by Supplier by acceptance of Purchaser’s purchase order or if expressly stated in writing. All prices quoted are based strictly on quotation quantities listed, unless otherwise specified Ex Works Supplier’s point of shipment (i.e. factory of origin), or Supplier’s dock. Partial deliveries shall be permitted. All shipping charges and expenses shall be paid by Purchaser. All pricing quoted to U.S. Purchasers is quoted in U.S. funds unless otherwise negotiated. For all other Purchasers, outside of the United States, all pricing is quoted in U.S. Funds unless otherwise stated at time of quotation or otherwise authorized by Supplier at time of order acceptance.

Any order placed pursuant hereto will be interpreted in accordance with the laws of the State of Illinois, USA.

Orders for standard products may be only cancelled or rescheduled with 30 days prior written notice by the Purchaser prior to confirmed ship date and acceptance by Supplier. Cancelled orders will be subject to a 25% Restocking Charge due Net 30 days from cancellation date, unless otherwise negotiated.

Supplier also reserves the right to cancel without liability on its part, any order placed if the estimated delivery from the factory is extended for a period of six months or more beyond the delivery date estimated at the time of order acceptance. In such an event, suitable adjustment of any payment advances will be made.

3. Payment Terms and Taxes

Acceptance is subject to approval by Supplier of the Purchaser’s credit. Notwithstanding such acceptance and/or approval, if in Supplier’s judgment the Purchaser’s financial condition does not at any time warrant the continuation of a contract or shipment on the original terms, Supplier reserves the right to request payment in advance.

Unless otherwise stated in writing, payment terms are Net 30 days from issue date of invoice. Payment as previously stated, is in either U.S. or Canadian funds, unless otherwise negotiated. All payment forms deemed acceptable by Supplier and confirmed by an American chartered bank. Payment(s) for costs incurred by Supplier, as a result of completion of Purchasers Order, are the obligation of the Purchaser and invoiced accordingly to include, but not limited to, taxes, duties, tariffs, charges or fees for corporate income, excise, import, purchase, sales taxes, for use, turnover, added value, consular, gross receipts, gross wages and/or similar assessments imposed by the Purchaser’s government (or the government of any country through which the product must pass en route to the country of destination), or any subdivision thereof, taxing authority or agencies therein with respect to the order or the subject matter thereof. Any taxes or other charges imposed by the U.S. Government or its authorized agencies in connection with the manufacture of the goods will be the responsibility of Supplier.

If payments are not made to Supplier when due under the terms of the agreement, a 2% Service Charge will be added to Purchasers’ account based on the outstanding overdue balance. Service Charges are calculated and compounded on a monthly basis. This applies to all such overdue payments and shall be billed in the same currency as originally invoiced and will be in effect until the outstanding balance including Service Charges has been paid in full by Purchaser. Service Charges applied will not be construed as obligating Supplier to grant any extension of time in original payment terms.