TERMS AND CONDITIONS
All Purchase Orders (as defined below) or other proposed agreements for the sale of goods (“Goods”) by Systems Trading Corporation,
LLC are subject to acceptance, in writing, by Systems Trading Corporation and are not binding unless so accepted.
These Standard Terms and Conditions for the sale of Goods (“Standard Terms of Sale”) are applicable to all Purchase Orders,
quotations, schedules or ancillary agreements concerning the sale of Goods, of any nature (collectively, the “Purchase Order”),
and are the only terms and conditions that apply to the sale of Goods, except those specifically set forth in any Purchase Order and accepted in writing by Systems Trading Corporation.
Any term or condition or standard of performance different from or in addition to these Standard Terms of Sale, whether set forth on the Purchase Order or otherwise proposed by Customer,
must be agreed to, in writing, in advance, and in the event of any conflict or inconsistency, between these Standard Terms of Sale and any Purchase Order or other document proposed by Customer,
these Standard Terms and Conditions will control. Customer agrees that Customer’s submission of a Purchase Order to Systems Trading Corporation or Customer’s
acceptance of any Goods provided shall constitute Customer’s irrevocable acceptance of these Standard Terms of Sale.
Prices for the Goods set forth in the Purchase Order, unless otherwise stated in writing, as set forth of these Standard Terms and Conditions,
transportation or shipping charges, special packaging or other services unless otherwise set forth in the Purchase Order.
Orders will be billed at the prices in effect at the time of the shipment. Prices are all quoted in denominations of United States’ Dollars.
Unless otherwise stated in writing, prices as quoted by Systems Trading Corporation are firm for thirty (30) days after the date of the Purchase Order.
The price for custom items not in the price list will be quoted by the factory on a job-by-job basis.
A 50% deposit is required for all custom orders and the remaining 50% payment shall be made prior to shipment unless set up under terms.
3. Terms of Payment:
Unless otherwise specified in writing, the terms of payment are Net 30 Days, from the date of invoice all in denominations of United States currency.
Payment terms for all international orders are cash in advance of shipment. Late charges may be added at the rate of 1 ½% per month on past due invoices.
4. Customer Inspection:
Upon Customer’s receipt of shipment, Customer shall immediately inspect the Goods. Unless Customer provides Systems Trading Corporation
with written notice of any claim for shortages of or patent defects in the Goods within five (7) days after receipt of shipment,
such Goods shall be deemed finally inspected, checked and accepted by Customer.
5. Delivery/Risk of Loss/Transportation/Packaging:
a. Systems Trading Corporation shall use reasonable commercial efforts to make delivery of Goods or perform services within the time requested on Customer’s Purchase Order.
In absence of written shipping and packing instructions from Customer, Systems Trading Corporation shall use its own discretion in choice of carrier and method of packing.
Unless otherwise agreed to by the parties, all shipments are F.O.B. the original shipping point and risk of loss shall pass to Customer at such time as possession of such Goods is given to a transportation carrier.
Unless otherwise agreed to in writing by the parities, Systems Trading Corporation has no obligation to obtain insurance for Customer covering Goods in transit to Customer.
ANY AND ALL CLAIMS FOR LOSS OR DAMAGE TO GOODS IN TRANSIT MUST BE MADE TO THE DELIVERING CARRIER AND NOTED ON THE DELIVERY RECEIPT.
b. Packaging will be standard commercial packaging and acceptable to the commercial carrier.
Special customer packaging will be furnished only when specified and so stated in writing Systems Trading Corporation
will charge Customer and Customer will be responsible for the charges for the special packaging.
6. Cancellation and Returns:
a. Custom orders cannot be terminated, cancelled or modified, or shipment deferred after acceptance of Customer’s order
by Systems Trading Corporation, except with Systems Trading Corporation’s written consent and subject to the conditions described in this Section.
Systems Trading Corporation written consent will only be given upon payment of reasonable charges for any expenses incurred by Systems Trading Corporation
in processing the order, including without limitation, current restocking charges.
b. Customer may not return Goods and Systems Trading Corporation is not obligated to accept returned Goods without System’s Trading Corporation’s
written authorization. Requests to return Goods must be made within thirty (30) days from the date of shipment and must contain Customer’s order number,
Systems Trading Corporation order and invoice numbers, and the date receiving. Returned Goods are subject to Systems Trading Corporation then current restocking charge,
freight for both delivery and return, and any necessary reconditioning and/or repackaging charges. Returned Goods must be shipped within three (5) business days from the return authorization date.
Goods must be returned in new condition, in the original factory packaging, and are subject to inspection.
Any damaged or unsalable Goods will be credited by Systems Trading Corporation at the sale price less the cost of repairs or at salvage value.
Special order or discontinued items or Goods manufactured to order, including without limitation, custom orders, are not returnable.
Return shipments must include a formal Return Material Authorization (RMA).
7. Limited Warranty/Disclaimer of Warranties::
The parties expressly agree that Customer’s sole and exclusive remedy against Systems Trading Corporation shall be for the repair and replacement of defective Goods as provided herein.
Product has a 5 year warranty (Luminaire only) Power Supplies are 3 year warranty.
THE WARRANTIES SET ABOVE BELOW ARE IN LIEU OF ALL OTHER WARRANTIES, EXPRESS OR IMPLIED, INCLUDING THOSE OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE,
ALL OF WHICH ARE EXPRESSLY DISCLAIMED. NO AFFIRMATION OF SYSTEMS TRADING CORPORATION, BY WORDS OR ACTION, OTHER THAN AS SET FORTH IN THIS SECTION,
NOR ANY ADDITIONAL WARRANTIES, EXPRESS OR IMPLIED, TO CONSUMER PURCHASERS OF THE GOODS SHALL CONSTITUTE A WARRANTY HEREUNDER.
Systems Trading Corporation warranty does not apply to any Goods that have been subjected to misuse, mishandling, misapplication, neglect
(including but not limited to improper maintenance), accident, improper installation, modification (including but not limited to use of unauthorized parts or attachments),
or adjustment or repair performed by anyone other than Systems Trading Corporation. In no event shall Systems Trading Corporation be responsible for the quality or
performance of any goods manufactured by other parties; such Goods shall carry only the warranty of the manufacturer.