Cut Sheet

V7-A1-2 Volume 7—Logic Control, Operator Interface and Connectivity Solutions CA08100008E—February 2014 www.eaton.com
Appendix 1—Eaton Terms & Conditions
Effective Date: November 1, 2008
Prices
All prices are subject to
change without notice. In the
event of a price change, the
effective date of the change
will be the date of the new
price or discount sheet, letter
or telegram. All quotations
made or orders accepted
after the effective date will be
on the new basis. For existing
orders, the price of the
unshipped portion of an order
will be the price in effect at
time of shipment.
Price Policy—Products and
Services
When prices are quoted as
firm for quoted shipment, they
are firm provided the following
conditions are met:
1. The order is released
with complete
engineering details.
2. Shipment of Products are
made, and Services
purchased are provided
within the quoted
lead time.
3. When drawings for
approval are required
for any Products, the
drawings applicable to
those Products must be
returned within 30*
calendar days from the
date of the original
mailing of the drawings
by Seller. The return
drawings must be
released for manufacture
and shipment and must
be marked “APPROVED”
or “APPROVED AS
NOTED.” Drawing
re-submittals which are
required for any other
reason than to correct
Seller errors will not
extend the 30-day period.
* 60 days for orders
through contractors
to allow time for their
review and approval
before and after
transmitting them
to their customers.
If the Buyer initiates or in
any way causes delays
in shipment, provision of
Services or return of approval
drawings beyond the periods
stated above, the price of the
Products or Services will be
increased 1% per month
or fraction thereof up to a
maximum of 18 months from
the date of the Buyer’s order.
For delays resulting in
shipment or provision of
Services beyond 18 months
from the date of the Buyer’s
order, the price must be
renegotiated.
Price Policy—BLS
Refer to Price Policy 25-050.
Minimum Billing
Orders less than $1,000 will
be assessed a shipping and
handling charge of 5% of the
price of the order, with a
minimum charge of $25.00
unless noted differently on
Product discount sheets.
Taxes
The price does not include
any taxes. Buyer shall be
responsible for the payment
of all taxes applicable to, or
arising from the transaction,
the Products, its sale, value,
or use, or any Services
performed in connection
therewith regardless of
the person or entity
actually taxed.
Terms of Payment
Products
Acceptance of all orders is
subject to the Buyer meeting
Seller’s credit requirements.
Terms of payment are subject
to change for failure to meet
such requirements. Seller
reserves the right at any time
to demand full or partial
payment before proceeding
with a contract of sale as a
result of changes in the
financial condition of the
Buyer. Terms of Payment are
either Net 30 days from the
date of invoice of each
shipment or carry a cash
discount based on Product
type. Specific payment terms
for Products are outlined in
the applicable Product
discount schedules.
Services
Terms of payment are net
within 30 days from date of
invoice for orders amounting
to less than $50,000.00.
Terms of payment for orders
exceeding $50,000.00 shall
be made according to the
following:
1. Twenty percent (20%) of
order value with the
purchase order payable
30 days from date of
invoice.
2. Eighty percent (80%) of
order value in equal
monthly payments over
the performance period
payable 30 days from
date of invoice.
Except for work performed (i)
under a firm fixed price basis
or (ii) pursuant to terms of a
previously priced existing
contract between Seller and
Buyer, invoices for work
performed by Seller shall
have added and noted on
each invoice a charge of 3%
(over and above the price of
the work) which is related
to Seller compliance with
present and proposed
environmental, health, and
safety regulations associated
with prescribed requirements
covering hazardous materials
management and employee
training, communications,
personal protective
equipment, documentation
and record keeping
associated therewith.
Adequate Assurances
If, in the judgment of Seller,
the financial condition of the
Buyer, at any time during the
period of the contract, does
not justify the terms of
payment specified, Seller
may require full or partial
payment in advance.
Delayed Payment
If payments are not made in
accordance with these terms,
a service charge will, without
prejudice to the right of Seller
to immediate payment, be
added in an amount equal to
the lower of 1.5% per month
or fraction thereof or the
highest legal rate on the
unpaid balance.