Terms and Conditions of Sale
Arctic Industrial Plastics Terms and Conditions of Sale
1. ENTIRE AGREEMENT. This Agreement is between Arctic Industrial Plastics, a Yukon Canada Company), and the Applicant named on page 1(also referred to as “Buyer”). This Agreement along with the terms and conditions on Seller’s quotation, invoice, delivery ticket and website which are incorporated by reference (together referred to as “TERMS”) represent the entire agreement between the parties and apply to all transactions. In the event that the terms of this Agreement conflicts with terms of any other existing or future contract between Seller and Buyer (including Buyer’s oral or written offer to purchase), whether or not signed by Seller, the TERMS herein shall prevail unless such other contract (a) specifically references this Agreement and the date, and (b) contains a signature of an officer of Seller. Other terms between the parties not meeting (a) and (b) are deemed void.
2. CERTIFICATION. The person signing this Agreement certifies the following: (1) the information provided is true and correct and has been submitted as a material inducement to obtain commercial credit; (2) they are authorized to execute applications and other documents required to establish commercial credit accounts on behalf of Applicant; (3) Buyer agrees that this Agreement and Seller’s extension of credit are subject to continuous are subject to continuous credit review and approval; (4) Seller may answer questions from others about its credit experience with the Applicant; and (5) they have read, understand and agree to all of the TERMS, and agree to notify Seller, in writing, of any material change in name, ownership, location or corporate status within five (5) days. Buyer authorizes Seller to obtain and use consumer reports on the Buyer or its principles for the sole purpose of evaluating current or ongoing creditworthiness.
3. DEFINITIONS. As used below, “Arctic Industrial Plastics”, “we” or “us” means Arctic Industrial Plastics, a Yukon Canada Company, Arctic Industrial Plastics., a New Brunswick corporation, and their subsidiaries and affiliates, or, in connection with sales made outside the United States of America by a local affiliate. “Product” means any product sold by Arctic Industrial Plastics, and “Buyer” means a party purchasing any Product from Arctic Industrial Plastics.
4. APPLICABLE TERMS. All sales by Arctic Industrial Plastics to Buyer, whether initiated by written purchase order, electronic means, telephone or any other method, will be subject to the following: · If a signed written agreement is then in effect between Buyer and Arctic Industrial Plastics and applicable to such sale (a “Sales Agreement”), then any term in the Sales Agreement that conflicts with these terms will apply, and these terms will otherwise apply. · If no Sales Agreement is in effect, these terms, and the Product description and quantity specified in Buyer’s order as accepted by Arctic Industrial Plastics, will make up Buyer’s complete contract (“Contract”) with Arctic Industrial Plastics. These terms may be modified only by the written, signed agreement of Buyer and Arctic Industrial Plastics. By purchasing Products from Arctic Industrial Plastics, Buyer confirms its agreement with these terms and agrees that, even if Buyer sends Arctic Industrial Plastics another form of agreement or terms, or modifications to these terms, and Arctic Industrial Plastics does not expressly accept such agreement, terms or modifications in writing, these terms shall govern. These terms shall be governed exclusively by, and interpreted in accordance with, the laws of the Territory of the Yukon, including without limitation Territory of the Yukon’s codified version of the Uniform Commercial Code, without giving effect to its conflicts of laws principles. If the Buyer resides in Canada, these Terms shall be governed exclusively by, and interpreted in accordance with, the laws of Ontario and Canada therein, without giving effect to its conflicts of laws principles. The United Nations Convention on Contracts for the International Sale of Goods will not apply to any sale of Products. BY REQUESTING A QUOTE FROM ARCTIC INDUSTRIAL PLASTICS OR PRESENTING AN ORDER TO ARCTIC INDUSTRIAL PLASTICS AND ABSENT A SIGNED SALES AGREEMENT, BUYER CONFIRMS THAT THESE TERMS AND CONDITIONS SHALL GOVERN ALL PURCHASES OF GOODS OR SERVICES (“PRODUCTS”) BY BUYER FROM ARCTIC INDUSTRIAL PLASTICS, AND NO CHANGES OR ADDITIONAL OR DIFFERENT TERMS (CONTAINED IN A PURCHASE ORDER ACCEPTED BY ARCTIC INDUSTRIAL PLASTICS, OR OTHERWISE) WILL CHANGE THESE TERMS AND CONDITIONS UNLESS ACKNOWLEDGED IN WRITING AND SIGNED BY AN AUTHORIZED REPRESENTATIVE OF ARCTIC INDUSTRIAL PLASTICS. NO ARCTIC INDUSTRIAL PLASTICS EMPLOYEE OR AGENT HAS THE AUTHORITY TO MODIFY THESE TERMS AND CONDITIONS VERBALLY. ARCTIC INDUSTRIAL PLASTICS OBJECTS TO AND REJECTS ANY TERMS BETWEEN THE BUYER AND ANY OTHER PARTY, AND NO SUCH TERMS, INCLUDING BUT NOT LIMITED TO ANY GOVERNMENT REGULATIONS OR “FLOWDOWN” TERMS, SHALL BE A PART OF OR INCORPORATED INTO ANY ORDER FROM BUYER TO ARCTIC INDUSTRIAL PLASTICS UNLESS AGREED TO IN WRITING BY AN AUTHORIZED REPRESENTATIVE OF ARCTIC INDUSTRIAL PLASTICS.
5. PRICE. Product prices are determined by the applicable Sales Agreement, if any. In the absence of a Sales Agreement, prices are determined by Arctic Industrial Plastics' confirmation of Buyer’s order or, in the absence of a confirmed order, Buyer agrees to pay the prices quoted by Arctic Industrial Plastics, and is responsible for additional applicable shipping and handling charges, taxes and Arctic Industrial Plastics Terms and Conditions of Sale duties. Unless otherwise stated, all goods will be delivered CIP (Incoterms® 2010) at a facility specified by the Buyer, and payment will be due within thirty (30) days of the invoice date. Buyer shall make all claims for billing errors or adjustments in writing within fifteen (15) days of the invoice date. Claims not received in writing within the time specified are waived by the Buyer. If Buyer fails to timely make any payment to Arctic Industrial Plastics when due, Buyer’s entire account(s) with Arctic Industrial Plastics shall become immediately due and payable, and Arctic Industrial Plastics may, in its sole discretion, suspend further performance under any order with Buyer. All past due amounts are subject to a service charge of 1.5% per month or up to the maximum rate permitted by law. If Buyer is in default for non-payment, in addition to other remedies stated herein, Buyer agrees to reimburse Arctic Industrial Plastics for Arctic Industrial Plastics’ costs of collection, including without limitation, reasonable attorney’s fees at a rate of 15% of the outstanding balance and interest at the annual rate of LIBOR plus 5% (or the maximum allowed by applicable law, whichever is lower). Arctic Industrial Plastics shall grant a lien waiver only to the extent payment is received, paid by the bank, and not avoidable as a bankruptcy preference.
6. DELIVERY AND RETURNS. Buyer shall examine material upon receipt and prior to installation. All claims for shortages or improper delivery must be made in writing within five (5) days of delivery. Claims not received in writing within the time specified are waived by the Buyer. Delivery to the job site or any location as directed by Buyer constitutes delivery to Buyer, regardless of whether Buyer or his agent is at the site at the time of delivery or signs a delivery receipt. All delivery dates are estimates only. Arctic Industrial Plastics shall not be responsible for failure or delays in delivery. Buyer waives any claims for damages arising from delays in delivery, regardless of the cause. Arctic Industrial Plastics will accept the return for credit of regularly stocked items of the current Products in clean, unused and undamaged condition in original packaging with all original parts (“Returns”). Returns are subject to a 25% restocking fee unless specified otherwise. No other material may be returned for credit including special order items like millwork, unless specifically agreed to by Arctic Industrial Plastics. Risk of loss or damage to Products will pass to Buyer in accordance with the Incoterm specified by Arctic Industrial Plastics, and title will transfer at the same time as the risk of loss.
7. CREDIT AND DEFAULT. Buyer represents and warrants to Arctic Industrial Plastics that it is solvent at the time this Contract is made and Buyer hereby makes a continuing representation and warranty of its solvency at the time of each tender or delivery hereunder. In the event of a default by Buyer of these terms and conditions of sale, Arctic Industrial Plastics may elect its rights and remedies under the Uniform Commercial Code including, but not limited to the following: (a) cancel this and/or any other Contracts (or any part thereof) with Buyer (with Buyer remaining liable for damages); (b) defer any shipments or other tenders hereunder; (c) declare forthwith due and payable all outstanding invoices to Buyer under this or any other contract; (d) bill at Contract price (on a cash before delivery basis if Arctic Industrial Plastics so elects) all or any part of the Products covered by this or any other Contracts and require Buyer to specifically perform the Contract by taking in and paying for such Products; and/or (e) any other right or remedy set forth herein.
8. LIMITED WARRANTY. Arctic Industrial Plastics warrants that all Products sold to Buyer will be free of any claim of ownership by third parties. Fabricated parts will meet the physical dimensions agreed upon in writing. Buyer will inspect all Products for damage, defect or shortage promptly after Buyer receives them, and will give Arctic Industrial Plastics prompt notice of any damage, defect or shortage that Buyer finds. The conditions of any test for conformance with specifications shall be mutually agreed upon and Arctic Industrial Plastics will be notified of and may be represented at all such tests. If any Product is determined not to conform to the warranty set forth above during the period ending at the earlier of (i) the date of use of the Product by Buyer, or (ii) one month from the date of shipment by Arctic Industrial Plastics, then Arctic Industrial Plastics shall, at its option, either replace the defective Product or refund an amount up to but not exceeding the purchase price. Defective Products shall not be returned by the Buyer until authorized by Arctic Industrial Plastics. This remedy is Buyer’s exclusive remedy for breach of warranty. Arctic Industrial Plastics is a distributor and not a manufacturer and makes no independent warranties other than those set forth herein. BUYER AGREES THAT THERE ARE NO WARRANTIES, EXPRESS OR IMPLIED, GIVEN BY ARCTIC INDUSTRIAL PLASTICS BEYOND THIS LIMITED WARRANTY. ARCTIC INDUSTRIAL PLASTICS EXPRESSLY EXCLUDES ALL IMPLIED WARRANTIES, INCLUDING WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, BREAKING, STRENGTH, SHRINKAGE, ABSENCE OR MINOR CONTAMINATION, PHYSICAL OR CHEMICAL QUALITIES OR VARIATION IN THICKNESS OR SIZE. IT IS THE SOLE RESPONSIBILITY OF THE BUYER TO ASCERTAIN THE SUITABILITY OF THE PRODUCTS FOR ANY USE BY ITS OWN SAMPLING AND TESTING. BUYER ACKNOWLEDGES THAT ARCTIC INDUSTRIAL PLASTICS HAS NOT MADE ANY REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, WITH RESPECT TO THE MERCHANTABILITY, CONDITION, QUALITY, DESCRIPTION, DURABILITY OR SUITABILITY OF THE PRODUCTS WHICH BUYER HAS PURCHASED FROM ARCTIC INDUSTRIAL PLASTICS. Arctic Industrial Plastics shall not be liable for normal manufacturing defects nor for customary variations from specifications. Arctic Industrial Plastics Terms and Conditions of Sale
9. LIMITATION OF CLAIMS. Except as agreed in the Limited Warranty set forth above, Arctic Industrial Plastics will not be responsible for any harm arising out of Buyer’s purchase, possession or use of any Product, whether based in contract, warranty, negligence or other tort, strict liability, or otherwise. ARCTIC INDUSTRIAL PLASTICS WILL NOT BE LIABLE FOR INDIRECT, CONSEQUENTIAL, SPECIAL, INCIDENTAL, EXEMPLARY, OR PUNITIVE DAMAGES, INCLUDING, BUT NOT LIMITED TO, LOSS OF PROFITS, EQUIPMENT DOWNTIME, COST OF ANY SUBSTITUTE FOR PRODUCTS, CLAIMS OF THIRD PARTIES OR INJURY TO PERSONS OR PROPERTY.
10. ADVICE AND OTHER SERVICES. Buyer agrees that Arctic Industrial Plastics will not have control over the design, testing or labelling of any product produced using the Products and that Buyer is not relying on any representation or statement made by, or on behalf of, Arctic Industrial Plastics with respect to the suitability of any Product for any purpose, or on any advice, recommendation or information obtained from Arctic Industrial Plastics’ product literature or web sites, including any design aid or other service made available by Arctic Industrial Plastics. Buyer has tested and investigated the Products enough to form an independent judgment concerning their suitability for the use, conversion or processing intended by Buyer and will not make any claim against Arctic Industrial Plastics based on Arctic Industrial Plastics’ advice, statements, information, services or recommendations.
11. INTELLECTUAL PROPERTY. Any suggestions Arctic Industrial Plastics makes about possible articles, designs or uses of Products do not give Buyer a license under any patent or other intellectual property right covering such articles, designs or uses, nor are they a recommendation that Buyer use any Product in a manner that may infringe any patent or other intellectual property right. If there is a claim that any Product, in the form in which Arctic Industrial Plastics sold it to Buyer, infringes another company’s or person’s patent or other intellectual property right in the jurisdiction in which such sale took place, then (i) Arctic Industrial Plastics will defend Buyer against such claim, and indemnify Buyer against all reasonable costs of such defense incurred by Buyer, and (ii) if any Product subject to such a claim is determined to infringe another company’s or person’s patent or other intellectual property right, Arctic Industrial Plastics shall, at its sole option and expense, either procure for Buyer the right to continue using the Product or accept return of the Product from Buyer and refund the purchase price thereof. The foregoing states the entire obligation of Arctic Industrial Plastics for intellectual property infringement. Arctic Industrial Plastics shall not be responsible for, and Buyer shall hold Arctic Industrial Plastics harmless against, any damages and costs incurred by Arctic Industrial Plastics as a result of any claim of infringement of another company’s or person’s patent or other intellectual property right that arises from Arctic Industrial Plastics’ compliance with any specification or instruction provided by Buyer. In the event that Buyer shall become aware of any claim of the type described above, it will promptly notify Arctic Industrial Plastics in writing and give Arctic Industrial Plastics all necessary information, assistance and exclusive authority for the defense of any such claim and its settlement.
12. FORCE MAJEURE. Arctic Industrial Plastics shall not be responsible or liable hereunder for any inability to render performance (other than the payment of money), or, if Arctic Industrial Plastics’ performance of any obligation hereunder is delayed or becomes impossible or commercially unreasonable, in any way related or due to, directly or indirectly, any cause or event beyond Arctic Industrial Plastics’ reasonable control, including, without limitation, acts of God, acts or restrictions imposed by any governmental authority, acts of Buyer, acts of terrorism, war, riots, civil disturbance, pandemic, labour disruption or strike, flood, fire, explosion, the release of dangerous or hazardous materials, inability to obtain necessary raw materials, utilities, transportation, machinery or services, and any similar or dissimilar cause or event.
13. HEALTH AND SAFETY COMPLIANCE. Arctic Industrial Plastics will give Buyer Safety Data Sheets (“SDSs,” formerly known as Material Safety Data Sheets or MSDSs) for Products sold hereunder. Buyer understands that some Products may be hazardous materials or hazardous substances under various laws and regulations when handled or processed. Buyer agrees to familiarize itself (without further reliance on Arctic Industrial Plastics) with any hazards of the Products, their processing and applications and the containers in which the Products are shipped. Buyer agrees to provide the SDSs to all those required by law to receive same and to inform and train its employees, and properly warn and instruct its customers, as to hazards identified in the SDSs or discovered by Buyer in its investigations. Buyer agrees to properly manage and dispose of all wastes and residues resulting from its use of all Products, including any disposable packaging, in accordance with applicable disposal or recycling laws.
14. EXPORT CONTROL AND ECONOMIC SANCTIONS COMPLIANCE. Buyer will ensure that any products, technology or software received from Arctic Industrial Plastics are exported by Buyer only in compliance with applicable laws, including U.S. export control and economic sanctions laws. At all times, Arctic Industrial Plastics will be entitled to decline to sell or ship to any party appearing on the Denied Persons List published by the Bureau of Industry and Security of the U.S. Department of Commerce or identified in any similar governmental publication. Arctic Industrial Plastics Terms and Conditions of Sale
15. ELECTRONIC COMMERCE. Buyer may not share any password, access code or similar credential issued to it by Arctic Industrial Plastics, and Arctic Industrial Plastics reserves the right to suspend or revoke any such credential. Buyer is solely responsible for ensuring the security and integrity of its ordering process. Any information provided by Arctic Industrial Plastics via any Internet site or electronic communication (i) is subject to correction or change without notice, and (ii) is provided for the sole use of Buyer for purposes of facilitating individual transactions involving the purchase and sale of Products. Buyer agrees that it will not rely upon any such information for any purpose other than making individual purchases and will not seek to assert such information against Arctic Industrial Plastics for any other purpose. Arctic Industrial Plastics may issue electronic invoices for any purchases of Products and Buyer agrees to honor such invoice as if it had been delivered in writing.
16. TERMINATION; SUSPENSION. In the event Buyer or Arctic Industrial Plastics breaches any material term of this Agreement, the non-breaching party may terminate this Agreement after thirty (30) days’ prior written notice to the other party if the breach remains uncured after such thirty (30)-day period. Notwithstanding the foregoing, Arctic Industrial Plastics may terminate this Agreement or adjust Buyer’s payment and/or credit terms effective immediately upon written notice to Buyer in the event (a) Buyer fails to pay any Arctic Industrial Plastics invoice within the time provided in this Agreement on two or more occasions, (b) Buyer generally fails to pay its debts as they become due, (c) Arctic Industrial Plastics reasonably believes Buyer’s creditworthiness has deteriorated or Buyer is insolvent (whether based on the reasonable belief by Arctic Industrial Plastics that Buyer’s liabilities exceed its assets; the existence of a bankruptcy, assignment for the benefit of creditors or other similar proceeding involving Buyer; a liquidation of a significant portion of the assets of Buyer; or otherwise) and (d) of a sale of a majority of the assets, or a change of control of the ownership, of Buyer. If Buyer is in default hereunder, including by failure to pay invoices, Arctic Industrial Plastics may suspend shipments of Product, require cash in advance of deliveries, and/or reduce payment terms until all invoices are current and Arctic Industrial Plastics receives adequate assurance of future performance.
17. DISPUTE RESOLUTION; CHOICE OF LAW; VENUE. If the Buyer resides in the United States, all claims, disputes, disagreements, causes of action, claims for relief and other matters in controversy or question (“Dispute”) between Arctic Industrial Plastics and Buyer, arising out of or in any way or manner relating to this contract or any breach thereof shall be governed and construed in accordance with the laws of the Territory of the Yukon. Arctic Industrial Plastics and Buyer submit to the sole and exclusive jurisdiction of the courts of the Territory of the Yukon to resolve any such Dispute, with the venue to be in a court of competent jurisdiction as elected by Arctic Industrial Plastics. Any Dispute shall be decided by litigation, unless Arctic Industrial Plastics, in its sole discretion, elects to have the Dispute decided by arbitration. In the event Arctic Industrial Plastic selects arbitration, the arbitration shall be governed by the most current version of the Construction Industry Rules of the American Arbitration Association, except that the American Arbitration Association shall not administer the arbitration. The parties shall mutually select an arbitrator to administer the arbitration. The arbitrator shall enforce and be bound by all terms, conditions, and limitations contained herein, shall have no power to alter or modify any provision of this contract, and shall have no power to direct Arctic Industrial Plastics to deliver or release Products to Buyer until Buyer has fulfilled all of its obligations to Arctic Industrial Plastics pursuant to the terms and conditions of all contracts involved in the arbitration. The arbitration shall be conducted in a location and venue pursuant to the terms and conditions set forth in these terms of conditions of sale. Any award rendered by the arbitrator shall be final and judgment may be entered upon it in accordance with the applicable law in any court having jurisdiction thereof. The prevailing party in any Dispute arising out of or relating to these terms and conditions of sale shall be entitled to recover from the other party the reasonable attorneys’ fees incurred by that party in connection with any such Dispute. If Buyer resides in Canada, all claims, disputes, disagreements, causes of action, claims for relief and other matters in controversy or question (“Dispute”) between Arctic Industrial Plastics and Buyer, arising out of or in any way or manner relating to this contract or any breach thereof, shall be governed and construed in accordance with the laws of the Province of Ontario. Arctic Industrial Plastics and Buyer submit to the sole and exclusive jurisdiction of the courts of Ontario to resolve any such Dispute with the venue to be in a court of competent jurisdiction as elected by Arctic Industrial Plastics. Any Dispute shall be decided by litigation unless Arctic Industrial Plastics, in its sole discretion, elects to have the dispute decided by arbitration. In the event Arctic Industrial Plastic selects arbitration, the arbitration shall be governed by the Ontario Arbitration Act, 1991 if the Buyer is a person or entity residing in Ontario and under the Ontario International Commercial Arbitration Act if the Buyer does not reside in Ontario. The Parties shall agree on a single arbitrator. If the Parties cannot agree on a single arbitrator, either Party may apply to the Ontario Superior Court of Justice sitting in Toronto for the appointment of an arbitrator. The rules for such arbitration shall be agreed upon by the Parties, but failing agreement shall be determined by the arbitrator. The arbitrator shall have no power to alter or modify any of the express provisions of this Contract and shall have no power to direct Arctic Industrial Plastics to deliver or release Products to Buyer until Buyer has fulfilled all of its obligations to Arctic Industrial Plastics pursuant to the terms and conditions of all contracts involved in the arbitration. Any award rendered by the arbitrator shall be final and judgment may be entered upon it in accordance with the applicable law in any court having jurisdiction thereof. The prevailing party in any Dispute arising out Arctic Industrial Plastics Terms and Conditions of Sale of or relating to these terms and conditions of sale shall be entitled to recover from the other party the reasonable attorneys’ fees incurred by that party in connection with any such Dispute.
18. RETENTION OF TITLE. Buyer grants to Arctic Industrial Plastics all retention of title rights applicable in their respective country. In the event of an act of insolvency by Buyer, Arctic Industrial Plastics shall have authority to retake, sell or otherwise deal with and/or dispose of all or any part of Arctic Industrial Plastics’ Products in unopened condition at the time of the insolvency; Arctic Industrial Plastics and its agents and employees shall be entitled at any time, upon reasonable notice, enter upon the property upon which the Products are stored to inspect such Products; Buyer shall store or mark the unopened Products in a manner reasonably satisfactory to Arctic Industrial Plastics indicating that title to the goods covered remains vested in Arctic Industrial Plastics; and Buyer shall insure the goods for their full replacement value. 19. GENERAL. Cancellation of any order, or return of any conforming Product purchased hereunder, will be subject to acceptance by Arctic Industrial Plastics and to a restocking charge in accordance with Arctic Industrial Plastics’ policy then in effect. Neither course of performance or dealing, nor usage of trade, nor prior writings or agreements shall be used to qualify, explain or supplement any of these terms and conditions. Failure by either party, at any time or from time to time, to require the performance by the other of any term hereof shall not constitute a waiver of such term or provision. The invalidity, in whole or in part, of any term herein, shall not affect any other term, each of which shall be enforced to the full extent permitted by law. Buyer may not assign or transfer any rights or obligations under any Sales Agreement or other agreement governed by these terms without the prior written consent of Arctic Industrial Plastics. Notice shall be deemed properly given if sent by facsimile, confirmed by registered mail with return receipt, overnight courier mail, hand-delivered, or registered mail with return receipt. Arctic Industrial Plastics shall be entitled to reference Buyer as a customer of Arctic Industrial Plastics and utilize photographs of Buyer’s applications utilizing Arctic Industrial Plastics’ products in Arctic Industrial Plastics’ marketing materials.