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Open Account Payment / Credit Terms & Conditions
BFO BuyFittingsOnline Accepts Checks or Wire Transfers for NET 30 Accounts.
For business customers with established credit, payment terms are net thirty (30) days from the date of invoice. All credit extended by BFO to customer, and the limits of such credit, is at BFO’s sole discretion, and may be reduced or revoked by BFO at any time, for any reason. BFO reserves the right to charge a convenience fee for late payments. BFO further reserves the right to charge customer a late payment fee at the rate of one and one-half percent (1-1/2%) of the amount due for each month or portion thereof that the amount due remains unpaid, or such lesser amount as may be permitted under applicable law. All payments must be made in U.S. dollars.
If customer fails to make payment within thirty (30) days of invoice, or fails to comply with BFO’s credit terms, or fails to supply adequate assurance of full performance to BFO within a reasonable time after requested by BFO (such time as specified in BFO’s request), BFO may defer shipments until such payment or compliance is made, require cash in advance for any further shipments, demand immediate payment of all amounts then owed, elect to pursue collection action (including without limitation, attorneys’ fees and any and all other associated costs of collection), and/or may, at its option, cancel all or any part of an unshipped order.
Customer agrees to assume responsibility for, and customer hereby unconditionally guarantees payment of, as provided herein, all purchases made by customer, its subsidiaries and affiliates. Each of customer’s subsidiaries and affiliates purchasing from BFO will be jointly and severally liable for purchases with customer, and customer is also acting as agent for such subsidiaries and affiliates.
All quoted prices will remain for 7 days unless otherwise noted. Prices are typically quoted FOB Depew, NY.
The Distributed Products Price sheets show catalog prices for one unit. Call or fax for multiple unit prices. BFO reserve the rights to change prices without notice except for written price quotes (7 days unless otherwise noted). Terms Terms of payment are 1% 10 days, Net 30 days with established credit.
We welcome new accounts. Until credit is established, we will accept charge card, or UPS Collect-company check (additional UPS charge). For International customers, terms of payment may vary. In all cases, please include with your payment, our invoice number and your purchase order number so that your account may be properly credited. Material Surcharges Due to the volatile stainless steel, any blanket orders may be subject to a material surcharge price increase invoiced as a separate line item upon shipment.
Limited Warranty for Distributed and Resale Products
Our products are warranted to be free of defects in material or workmanship for a period of one year from shipment date. Said products are warranted only to the extent that BFO Buy Fittings Online will replace, without charge, products proved to have manufacturing defects. No warranty is included against any expense for removal, re-installation, or other consequential damages arising from any defect. This Warranty is the sole warranty of QMC Technologies, Inc/BFO Buy Fittings Online and any of its subsidiaries. Any other warranties expressed, implied in law or implied in fact, including any warrants of merchantability and fitness for use, are hereby specifically excluded.
TERMS of Purchase for All International Customers (Excluding Canada):
- All transactions up to $500.00 must go thru a valid PayPal or Amazon Pay Account.
- All orders over $500.00 must be a Wire Transfer, Bank Check, Certified Check or other cash type instrument.
Customer hereby grants to BFO a first priority purchase money security interest and/or chattel mortgage in the products and any accounts receivable or cash from resale thereof until full payment is made to BFO. Customer agrees to file, and it permits and authorizes BFO to file, any financing statements or other appropriate documents with its governmental authorities to perfect the validity, priority, and enforceability of BFO’s lien or security interest.
Customer agrees that any credit balance(s) issued by BFO will be applied to customer’s account within one (1) year of its issuance.
IF CUSTOMER HAS NOT APPLIED FOR OR REQUESTED THE CREDIT WITHIN ONE (1) YEAR, ANY REMAINING CREDIT BALANCE(S) WILL BE SUBJECT TO CANCELLATION, AND BFO SHALL HAVE NO FURTHER LIABILITY.