Customer Terms & Conditions
Payment Terms
Either of the following is an acceptable payment method for customers who have been approved for credit:
- 30% Deposit before production begins and 70% payment before receipt of the goods.
- Transferable, Irrevocable Letter of Credit. We do not extend credit.
Those not approved for credit will be advised of payment terms on a case by case basis.
Method of Payment
Telegraphic Bank Transfer to the following account (Personal checks are not accepted):
| Bank |
Hong Kong Shanghai Banking Corporation |
| Bank Address |
82-84 Nathan Road ,
Tsimshatsui, Kowloon , Hong Kong
|
| Telephone |
(852) 2748-8222 |
| Bank a/c |
Mondoro Company Limited |
Conditions
1 Sales
All sales are final, goods are not returnable.
2 Breach
Failure by the customer to pay for the goods or samples after production has started, or when goods or samples have been produced, will result in a breach of this contract. Mondoro reserves the right to make claim against the customer for all damages and losses suffered, whether financial or otherwise resulting from this breach of Contract. This breach is considered an Abandonment of Goods and will dissolve any and all Non-compete Agreements or any other agreements Mondoro may have signed with the customer, thus permitting Mondoro to dispose of the goods in any manner.
3 Labels and Attachments
Any labels or attachments to be used on the product must be supplied to Mondoro when the order is confirmed. If Mondoro has agreed to supply these labels or attachments, Mondoro must be given complete and clear information regarding label/attachment specifications before goods are priced. If this is not done, we may require a price increase.
4 Shipping Requirements
FOB Terms: If needed, customer can advise Mondoro of the nominated Freight Forwarder's name; Mondoro will bear all transportation costs for the FOB terms of sale except in the case if the customer decides to abandon the goods, in which case the customer will be responsible for all charges incurred. The customer must pay all freight charges, insurance, forwarder charges (excluding Bill of Loading Charge) and other charges incurred for shipment to arrive at its final destination.
5 Pricing
Prices are based on FCL (Full container load shipments) as listed on our Quotation Sheet. LCL (Less Container Load shipments) will be charged a 5% handling surcharge.
6 Payment
Mondoro must receive payment in full before goods are released to the customer. Payment is due when proof of shipment is given to the customer. If customer fails to pay after shipment, the title of all goods shall remain with the supplier and the customer shall have no right to sell or dispose of the goods, in any manner, until full payment is received. Mondoro reserves the right to file claims with collection agencies on any unpaid accounts at any time after the 30 day payment period has passed.
7 Port of discharge
Goods will be delivered to the port of discharge as listed on this Sales Contract. If consolidation is required for goods to various ports or destinations, there may also be additional charges inccurred for the consolidation handling.
8 Product Information
Mondoro will produce products as per the Confirmation Samples unless the Customer informs us in writing of any required changes or adjustments. For items which have changes or adjustments prior to manufacture, Mondoro must have complete and clear product information before to process the order. Orders placed with us that have incomplete or unclear specifications cannot be given a confirmed price or an estimated shipping date. Changes made after production has started may result in delay and additional charges.
9 Contact
If you have any questions or concerns about this contract please contact orders@mondoro.com within three (3) working days, otherwise Mondoro will consider all agreements in these terms and conditions agreed upon and legally binding.
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