PAYMENT TERMS:-

50 % Advance along with the order.

50%  against PI before delivery of order

       Copper Pipe 15' Ft Included Each Machine More Than 15' Ft Rs.1050/- Per round Ft will Be    Charged EXTRA

      Stabilized or Servo For  Power Supply With MCB Near Machine & Door in your scope

       Zero Level Pucca Floor, Hard Cemented Leveled Floor for Installation all Itoms

           Freight/Transportation Extra from Bawana Ind. Area Delhi to Destination (Site)

·        Any or other civil Work (Kota Stone) in your scope.

·      Foundation civil work , Iron Angle Stand for Condensing Unit in your Scope.

·       Ticket, Stay & Food, Drinking Water Arrangement for Installation Team  & Service Team in warranty Beyond Delhi NCR in your Scope

ANNEXURE- IV

COMMERCIAL TERMS AND CONDITIONS

This proposal is subject to the following conditions of Sale.  No variation/s or alteration/s or addition/s to these conditions will be binding on us, notwithstanding that such variation/s, alteration/s, addition/s are contained in  your acceptance of this proposal, except when they are specifically accepted in writing by us.

1.

Validity: - This proposal is valid for a period of 30 days from date hereof and thereafter subject to our written confirmation.

2.

Specifications: - In line with our policy of continual improvement we reserve the right to modify the design and change the specifications of any material, if in our opinion such modification constitutes an improvement or is in accordance with revised standards or manufacturing methods.  Therefore, specifications, illustrations, dimensions and weights  given or agreed to by us in our proposal, catalogues, drawings,  photographs etc are not binding in detail.

3.

Price: - The quoted prices are as per the Costing Sheet.

4

Our offer does not include any Octroi / Toll / Cess / Entry or similar tax.  The same will be payable by you directly to the authorities.

5.

Insurance: - Insurance during transit will extra and will be in customer scope if demanded by the customer.

6.

Delivery Period: - The equipment shall be ready for dispatch in approximately 8 weeks from the date of receipt of acceptable order and advance payment and approved drawings.  While we shall Endeavour to meet the agreed delivery date, under no circumstances, we shall be liable for any damages, cancellations or otherwise for failure in meeting the delivery date.

Installation: - 1-2 weeks from the date of receipt of material at site, provided all the works in your scope are ready by the time, the material reaches the site. 

Godown/Store  Charges :- If customer donot pick the material  within 02 months after releasing the order than material will be shifted to store from factory and rental charges of Rs 2000/- per day will be paid by customer .

   7.

Terms Of Payment: - 50% advance with order & balance on intimation of readiness of dispatch or against inspection at our Warehouse. In case of Imported Items the payment terms will be 100% advance with irrevocable LC.

For Installation- 50% mobilization advance along with order and balance 50% against completion..

8.

Warranty: -

1 year warranty against any manufacturing defect.

 Subject to terms of payment agreed upon being punctually complied with and the equipment being operated properly, The machinery covered by this contract carries a warranty against manufacturing defects for period of 1 Year warranty.  If any part of the equipment is put to use earlier for any reason, whatsoever, the warranty period will commence from the date of such use.

 We agree to repair / replace such parts which may prove defective and which do not fail from neglect or misuse or faulty operation.

(A)This Warranty:

i.                 Does not extend to consequential damage or loss;

ii.                Is null and void if repairs and modifications are carried out without our approval in writing;

iii.               Does not cover damage due to normal wear and tear;

iv.            Does not cover deterioration or failure of equipment, controls, due to corrosive  atmosphere, rusting; 

v.                Does not cover supply of consumables items like refrigerant, oil etc.

vi.              Does not cover damage due to fluctuation in voltage or machine without good quality servo .

vii.             Ticket, Stay & Food, Drinking Water Service Team in warranty Beyond Delhi NCR in your Scope

B. Extended Warranty:  - It will be entertained as Comprehensive annual maintenance contract on chargeable basis.

9.

Property Rights and General Lien: - As unpaid vendors we shall retain the property rights in the equipment and material supplied by us under this contract and our rights of lien and

resale, until full value thereof as per our bill is paid to us.  We shall also be entitled to a general lien on our equipment and material in customer's possession under the contract for monies for the time being due to us from the customer, on any account and shall be entitled to apply payment already received to monies due to us under any other order or orders.

10.

Cancellation Charges: - If any order or part of the order is cancelled, the same shall be subject to cancellation charges including compensation for costs, expenses and losses incurred by us up to the date of cancellation. As this is customized item so cancellation charges would be 25 % of the total  order value .

11

Limitation to Liability :- In no event shall we be liable for any consequential loss or damage arising out of or connected with this order in any way whatsoever

12.

Force Majeure: - No penalty / liability shall be attached to us for non-performance or delayed execution of this order as a result of force majeure.

13

Arbitration: - In case of any dispute or difference arising out of this contract the same shall be referred to Arbitration by a panel of three Arbitrators, one each to be appointed by either party or the third by the two Arbitrators so appointed.  The provisions of the Indian Arbitration and Conciliation Act, 1996 shall apply to such Arbitration.  The Arbitration proceedings will be held in New Delhi.

14.

Jurisdiction :- This agreement shall be subject to the exclusive jurisdiction of the Courts in the City of Delhi

PAYMENT TERMS:-

50 % Advance along with the order.

50%  against PI before delivery of order

       Copper Pipe 15' Ft Included Each Machine More Than 15' Ft Rs.1050/- Per round Ft will Be    Charged EXTRA

      Stabilized or Servo For  Power Supply With MCB Near Machine & Door in your scope

       Zero Level Pucca Floor, Hard Cemented Leveled Floor for Installation all Itoms

           Freight/Transportation Extra from Bawana Ind. Area Delhi to Destination (Site)

·        Any or other civil Work (Kota Stone) in your scope.

·      Foundation civil work , Iron Angle Stand for Condensing Unit in your Scope.

·       Ticket, Stay & Food, Drinking Water Arrangement for Installation Team  & Service Team in warranty Beyond Delhi NCR in your Scope

ANNEXURE- IV

COMMERCIAL TERMS AND CONDITIONS

This proposal is subject to the following conditions of Sale.  No variation/s or alteration/s or addition/s to these conditions will be binding on us, notwithstanding that such variation/s, alteration/s, addition/s are contained in  your acceptance of this proposal, except when they are specifically accepted in writing by us.

1.

Validity: - This proposal is valid for a period of 30 days from date hereof and thereafter subject to our written confirmation.

2.

Specifications: - In line with our policy of continual improvement we reserve the right to modify the design and change the specifications of any material, if in our opinion such modification constitutes an improvement or is in accordance with revised standards or manufacturing methods.  Therefore, specifications, illustrations, dimensions and weights  given or agreed to by us in our proposal, catalogues, drawings,  photographs etc are not binding in detail.

3.

Price: - The quoted prices are as per the Costing Sheet.

4

Our offer does not include any Octroi / Toll / Cess / Entry or similar tax.  The same will be payable by you directly to the authorities.

5.

Insurance: - Insurance during transit will extra and will be in customer scope if demanded by the customer.

6.

Delivery Period: - The equipment shall be ready for dispatch in approximately 8 weeks from the date of receipt of acceptable order and advance payment and approved drawings.  While we shall Endeavour to meet the agreed delivery date, under no circumstances, we shall be liable for any damages, cancellations or otherwise for failure in meeting the delivery date.

Installation: - 1-2 weeks from the date of receipt of material at site, provided all the works in your scope are ready by the time, the material reaches the site. 

Godown/Store  Charges :- If customer donot pick the material  within 02 months after releasing the order than material will be shifted to store from factory and rental charges of Rs 2000/- per day will be paid by customer .

   7.

Terms Of Payment: - 50% advance with order & balance on intimation of readiness of dispatch or against inspection at our Warehouse. In case of Imported Items the payment terms will be 100% advance with irrevocable LC.

For Installation- 50% mobilization advance along with order and balance 50% against completion..

8.

Warranty: -

1 year warranty against any manufacturing defect.

 Subject to terms of payment agreed upon being punctually complied with and the equipment being operated properly, The machinery covered by this contract carries a warranty against manufacturing defects for period of 1 Year warranty.  If any part of the equipment is put to use earlier for any reason, whatsoever, the warranty period will commence from the date of such use.

 We agree to repair / replace such parts which may prove defective and which do not fail from neglect or misuse or faulty operation.

(A)This Warranty:

i.                 Does not extend to consequential damage or loss;

ii.                Is null and void if repairs and modifications are carried out without our approval in writing;

iii.               Does not cover damage due to normal wear and tear;

iv.            Does not cover deterioration or failure of equipment, controls, due to corrosive  atmosphere, rusting; 

v.                Does not cover supply of consumables items like refrigerant, oil etc.

vi.              Does not cover damage due to fluctuation in voltage or machine without good quality servo .

vii.             Ticket, Stay & Food, Drinking Water Service Team in warranty Beyond Delhi NCR in your Scope

B. Extended Warranty:  - It will be entertained as Comprehensive annual maintenance contract on chargeable basis.

9.

Property Rights and General Lien: - As unpaid vendors we shall retain the property rights in the equipment and material supplied by us under this contract and our rights of lien and

resale, until full value thereof as per our bill is paid to us.  We shall also be entitled to a general lien on our equipment and material in customer's possession under the contract for monies for the time being due to us from the customer, on any account and shall be entitled to apply payment already received to monies due to us under any other order or orders.

10.

Cancellation Charges: - If any order or part of the order is cancelled, the same shall be subject to cancellation charges including compensation for costs, expenses and losses incurred by us up to the date of cancellation. As this is customized item so cancellation charges would be 25 % of the total  order value .

11

Limitation to Liability :- In no event shall we be liable for any consequential loss or damage arising out of or connected with this order in any way whatsoever

12.

Force Majeure: - No penalty / liability shall be attached to us for non-performance or delayed execution of this order as a result of force majeure.

13

Arbitration: - In case of any dispute or difference arising out of this contract the same shall be referred to Arbitration by a panel of three Arbitrators, one each to be appointed by either party or the third by the two Arbitrators so appointed.  The provisions of the Indian Arbitration and Conciliation Act, 1996 shall apply to such Arbitration.  The Arbitration proceedings will be held in New Delhi.

14.

Jurisdiction :- This agreement shall be subject to the exclusive jurisdiction of the Courts in the City of Delhi