Terms of Sale
Terms of sale in the procurement of pumps and valves and other accessories govern the commercial and legal obligations between the manufacturer/distributor and the industrial end-user or contractor (the Buyer). Because centrifugal pumps / valves are high-wear mechanical equipment handling varying fluids, pressures, and temperatures, their sales terms contain industry-specific specifications alongside general commercial clauses
Key Standard Terms of Sale
- Price and Quotations: Prices are generally quoted NETT, excluding carriage, packing, insurance, and taxes unless otherwise agreed in writing. Quotes are typically valid for a limited window
- Shipping, Risk, and Title: Risk of loss or damage passes to the buyer upon delivery of the pumps to the shipping carrier. Ownership and title usually remain with the seller until payment is received in full
- Delivery : Delivery dates are provided in good faith but are rarely the absolute “essence of the contract”. The purchaser is usually responsible for unloading the equipment at the destination point
- Inspection and Acceptance: The buyer must inspect the pumps/valves immediately upon receipt and report any defects, shortages, or transit damage in writing—often within a strict timeframe like 10 days
- Unloading: The responsibility of unloading goods at the point of delivery will be that of the Purchaser, and no liability shall be incurred by the Seller in respect of any loss or damage that may occur during unloading whether or not the unloading is assisted by the agent or employee of the Seller who shall not be bound to assist.
Such person or persons in such circumstances being deemed to be under the control and direction of the purchaser - Cancellations and Returns: Order cancellations often incur substantial restocking or cancellation charges
- Warranty and Liability: Manufacturers provide a limited warranty covering material and manufacturing defects (commonly for 1 year), with seller liability generally capped at a defined percentage of the contract value
- Payment: Unless specifically agreed in writing all prices quoted are net, excluding Value Added Tax, Import Duty or other special charges. Subject to a formal
credit account being approved, accounts are due for payment not later than 30 days from the date that we advise you that your order is available for dispatch or the actual date of dispatch if earlier otherwise, payment must be received by the Company before delivery. When deliveries are spread over a period, each consignment
will be invoiced as dispatched and each month’s invoices will be treated as a separate account and be payable accordingly.