Orders and inquiries should be directed to
our
fax or e-mail address.
Fax: 415-925-9308
Email Address: info@hpsengineering.com
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GENERAL SHIPPING AND PAYMENT TERMS
Wholesalers and Overseas Distributors
1. All merchandise is quoted FOB Factory or CIF Point
of Destination. See your quotation or printed price list for more details.
2. Minimum order requirements are in effect. Call HPS
Engineering, Inc. for complete information.
a) Test Equipment and Chargers: $2,500 minimum purchase
b) HPS product lines: $15,000 minimum purchase (All exceptions must
be presented in writing.)
3. Special export boxing and crating will be invoiced
to the customer at cost.
4. All merchandise sold by HPS Engineering, Inc. carries
a 180 day warranty on parts and a 12 month
warranty on equipment only. Any part that is proven to be defective
will either be replaced or repaired at the option of the factory. All
defective warranty parts must be kept at the customer’s facility
and be available for inspection by a representative of HPS Engineering,
Inc. who will approve the paperwork to issue either a replacement part
or a credit. The value of defective or missing parts may NOT
be deducted from an HPS invoice. Any and all credits must be taken in
merchandise and must be approved by HPS before any such credit can be
issued.
5. The return of any merchandise to HPS Engineering,
Inc. for restocking must be approved by HPS and all approved returned
merchandise will be subject to (1) a 30% Restocking Fee and (2) any
fees involved in selling and shipping the merchandise to another customer.
These fees will be charged on all merchandise returned to HPS Engineering,
Inc. All such goods must be in its original packaging and master carton
and in saleable condition.
6. Expected delivery time for any order place with
HPS Engineering, Inc. will be approximately 30 days from date of order
for goods manufactured in the U.S. Expected delivery time for merchandise
manufactured by HPS is 30 - 45 days from date of order plus an additional
30 days shipping time worldwide.
7. HPS Engineering, Inc. will pay U.S. freight charges
on all invoices for goods manufactured in the U.S. having a minimum
invoice value of $2,500.
8. All invoices are due and payable in full
in U.S. dollars upon the receipt of the HPS Payment Advice, Bill of
Lading and Insurance Certificate.
Payment Terms
A. Irrevocable Letters of Credit, U.S. Bank confirmed. (Applicable
to invoice values of $20,000 and above.) Terms of payment for each letter
of credit will be individually negotiated. Acceptable terms are “At
Sight”, “30 Days” or “60 Days from date of Bill
of Lading.” All applicable fees within the U.S. are to be paid
by the Issuer of the Letter of Credit. (All other terms must receive
prior approval.)
B. Acceptable Conditions for Letters of Credit.
HPS Engineering, Inc. will only accept Letters of Credit requiring presentation
of these four following documents prior to negotiation of the Irrevocable
Letter of Credit.
1. Original Invoice with 3 copies
2. Original Bill of Lading plus 3 copies
3. Original Packing Receipt and 2 copies
4. Original Insurance Certificate plus 1 copy
C. Bank to Bank Wire Transfer. Proof of completed wire
transfer (receipt) should be faxed to HPS Engineering, Inc. at (415)
925-9308. Please see HPS banks listed below and use the appropriate
routing numbers to assure all funds are credited to the proper account.
D. Deposit with Order. For new accounts/customers and
in other special circumstances, HPS requires a cash deposit prior to
entering an order with the factory. Required deposits are non-refundable.
E. Merchandise made by HPS. Standard policy for confirmed merchandise
orders from established HPS Engineering, Inc. customers is that all
orders for merchandise produced by HPS will be entered directly with
the factory by HPS Engineering, Inc. The order will be entered and processed
and when the merchandise is ready to ship HPS Engineering, Inc. will
send the HPS Factory Representative a Notice of Payment Due. This means
if the Customer receives via the HPS Representative office this payment
advise, with copies of the, HPS Invoice, Bill of Lading, Insurance
Certificate and the Packing Receipt, the merchandise was approximately
shipped 10 days prior to this advise, at that time payment must be made
to HPS Engineering,Inc to secure the mailing of the original documents.
The payment notice will also indicate an additional discount,if
payment was received within the 5 days payment advise notice.
A receipt of the transfer faxed to HPS by the customer will
also guarantee the release of the original documents.
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