Tennessee Valley Recycling, LLC (“Seller”)
Terms and Conditions of Sale
1. Force
Majeure - Manufacture, shipment and delivery are subject to, and
Seller shall not be liable for, any delay in or impairment of performance
resulting in whole or in part from, any war (whether or not declared),
insurrection, civil disturbance, act of terrorism, strike or other work
stoppage or slowdown, difference with workers, accident, fire, flood, Acts of
God, delay in transportation, shortage of materials, equipment breakdowns, mill
conditions, laws, regulations, orders or acts of any governmental agency or
body or any other cause beyond the reasonable control of Seller, or if
performance by Seller becomes impracticable due to the occurrence of a
contingency, the non-occurrence of which was a basic assumption on which the
sale was made.
2. Applicable
and Governing Law - This
Contract shall be treated as a contract made in the State of Alabama and shall
be governed by the laws of that state unless otherwise stated by Seller.
3. Payment - For
domestic sales, subject to Seller’s credit approval, Buyer shall pay the net
invoice amount in full within 15 days from date of invoice. For export sales, Buyer shall render payment
in full prior to shipment for the net invoice amount by cashiers check,
official bank check, or other certified instrument acceptable to Seller, or by
wire transfer which must be received by Seller’s bank prior to shipment. If Buyer
fails to make payments in accordance with the terms of this contract, or fails
to comply with any provision of this contract or any other contract between
Buyer and Seller, Seller may at its option defer shipments or, without waiving
any of its rights, terminate this contract.
Such right to refuse to make shipment or delivery is in addition
to and not in lieu of any other remedy that Buyer may have in law or
equity. All deliveries shall be subject to Seller's credit approval as outlined
below.
4. Credit - All
orders and shipments are subject to review and approval of Seller’s Credit Department. Seller may suspend at any time performance
if Seller determines that Buyer’s credit is impaired or if other grounds for
insecurity arise. If Buyer fails to
provide to Seller assurance satisfactory to Seller of due performance, within
10 days of Seller’s written or oral demand, Seller may terminate the contract.
5. Shipment - Terms
are F.O.B. Seller’s listed location and Buyer shall pay all shipping
costs. Title and risk of loss pass to
Buyer after Seller delivers the Goods to the carrier. Buyer shall make all claims for damage incurred during shipment
directly to the carrier. Shipment shall
be made freight collect, unless otherwise stated herein, in which case shipment
shall be made freight prepaid and a freight charge shall be included in Seller’s
invoice.
6. Warranty -. Secondary Goods, including, but not limited
to, “Zorba 90-TVR,” are sold "as
is, where is.”
7. Claims - Claims
by Buyer must be made in writing within 60 days of receipt of shipment. Buyer
shall set aside, protect and hold such goods without further processing until
Seller has an opportunity to inspect and advise of the disposition, if any, to
be made of such goods. Under no
circumstances shall Seller be liable for consequential or incidental damages.
8. Taxes - Any tax
which Seller may be required to pay or collect, through assessment or
otherwise, under any existing or future law upon or with respect to the sale,
purchase, delivery, transportation, exportation, storage, processing, use or
consumption of any goods or services described herein, including, without
limitation, taxes upon or measured by receipts from sales or services, shall be
for the account of Buyer and may be added to the price of such goods or
services. Buyer shall promptly pay the amount thereof to Seller upon demand but
may, in lieu of such payment, furnish to Seller evidence of the issuance of tax
exemption certificates acceptable to the appropriate taxing authorities.
9. Waiver - Any
waiver by Buyer or Seller of a breach of a term or condition of the Contract
shall not be construed as waiver of any other breach of any other term or
condition, or a waiver of any similar future breach of the same term or
condition.