1. TERMS AND CONDITIONS
All quotations and sales are made only upon these CONDITIONS. This document, and not any purchase order or other
BUYER document (which, if construed to be an offer is hereby rejected), will be deemed an offer or counter-offer and
is a rejection of any other terms or conditions. BUYER, by accepting any GOODS, making any payments or ordering any
GOODS having previously received these CONDITIONS, will be deemed to have assented to these CONDITIONS,
notwithstanding any terms contained in any prior or later communication from BUYER. SELLER’s failure to object to
any document, communication or act of BUYER will not be deemed a waiver of any of these CONDITIONS. Any
addition or change to these CONDITIONS must be specifically and expressly agreed to in writing by a duly authorized
officer of SELLER before becoming binding on SELLER.
These Standard terms and Conditions of Sale prevail over any conditions of purchase of the BUYER and over any
deviating clause that may be affixed by the BUYER in their own general conditions of purchase.
2. INTERPRETATION IN THESE CONDITIONS:
‘BUYER’ means the person who purchases GOODS from the SELLER; ‘GOODS’ means the GOODS which the SELLER is to
supply in accordance with these Conditions; “MANUFACTURER” means the supplier or manufacturer or original
manufacturer who sells the GOODS to SELLER and which are supplied or sold to BUYER. ‘SELLER’ means the SELLER
named in the price quotations or invoices. ‘CONDITIONS’ means the standard terms and conditions of sale set out in
this document and (unless the context otherwise requires) includes and special terms and conditions agreed in writing
between the BUYER and the SELLER which shall be governed and construed in accordance with the laws of the
SELLER’s domicile; ‘CONTRACT’ means the contract for the purchase and sale of the GOODS (order confirmation or
OC); ‘WRITING’ includes telex, cable, facsimile transmission and comparable means of communication.
3. ORDERS AND SPECIFICATIONS
3.1 No order shall be binding on the SELLER unless and until confirmed in WRITING by the SELLER’s authorized
representative.
3.2 The quantity, quality and description of any specification for the GOODS shall be those set out in the SELLER’s
quotation (if accepted by the BUYER) or the BUYER’s order (if accepted by the SELLER).
3.3 The GOODS SELLER shipped are all in accordance with MANUFACTURER’s specification. Test data and other
MANUFACTURER’s documentation to support this certification are available in SELLER’S files or can be obtained from
MANUFACTURER upon request.
3.4 If the GOODS are made wholly or partly in accordance with a specification submitted by the BUYER, the BUYER
shall indemnify the SELLER against all loss, damages, costs and expenses which may be suffered or incurred by the
SELLER from any claim for infringement of any patent, copyright, design, trade mark or other industrial or intellectual
property rights of any other person which results from the SELLER’s use of the BUYER’s specification.
3.5 The SELLER may make any changes in the specification of the GOODS which are required to conform with any
applicable legal requirements or, where the GOODS are to be supplied to the SELLER’s specification, which do not
materially affect their quality or performance.
3.6 No order may be cancelled, rescheduled or reconfigured without SELLER’s prior written authorization and, in such
event, BUYER will be liable to SELLER for any additional costs and expenses incurred by SELLER. Prices are subject to
change by SELLER upon BUYER rescheduling or reconfiguration of orders. In case the part identified overleaf is
classified as NCNR (“Non-Cancellable, Non-Reschedulable and Non-Returnable”), such order of the NCNR part may not
be cancelled, rescheduled or refunded without SELLER’s prior written consent. SELLER shall effect delivery and issue
invoice after 30 days (from receipt of the NCNR Parts from MANUFACTURER) if delivery date is not specified.
4. PRICE AND PAYMENT TERMS
4.1 The price of the GOODS shall be the SELLER’s quoted price or, where no price has been quoted (or a quoted price
is no longer valid), the price listed in the SELLER’s published price list current at the date of acceptance of the order.
4.2 Prices do not include any taxes, freight, handling, duty or other similar charges, payment of which will be the sole
responsibility of BUYER. Prices are conditioned upon timely payment and any past due balance will accrue interest as
stipulated in these CONDITIONS. Freight charges may be constructed on the basis of standard carrier tariffs and may
not reflect actual transportation costs.
4.3 Prices are also subject to change in response to MANUFACTURER price increases, whereupon, BUYER may only
cancel the undelivered portion of any affected order by delivering written notice to SELLER PRIOR to the shipment
thereof and within 10 days of its receipt of notice of the price increase PROVIDED this provision does NOT apply to
NCNR purchase orders.
4.4 Unless otherwise stated in the terms of the subject quotation or, if no quotation is made, then in any price list of
the SELLER, or any last date agreement signed between the parties, then all prices are FOB SELLER facilities (that is, exworks
basis).
5. TERMS OF PAYMENT
5.1 SELLER reserves the rights to issue invoice at any time after delivery of GOODS and BUYER shall settle the invoice
by the due date stated on the invoice.
5.2 Subject to any special terms agreed in WRITING between the BUYER and the SELLER, the SELLER shall be entitled
to invoice the BUYER for the price of the GOODS on or at any time after delivery of the GOODS, unless the GOODS are
to be collected by the BUYER or the BUYER wrongfully fails to take delivery of the GOODS, in which event the SELLER
shall be entitled to invoice the BUYER for the price at any time after the SELLER has notified the BUYER that the
GOODS are ready for collection or (as the case may be) the SELLER has tendered delivery of the GOODS.
5.3 The BUYER shall pay the price of the GOODS without any deduction within the credit term allowed by the SELLER
in WRITING, and the SELLER shall be entitled to recover the price, notwithstanding that delivery may not have taken
place and the property in the GOODS has not passed to the BUYER. The time of payment of the price shall be of the
essence of the CONTRACT.
5.4 If the BUYER fails to make any payment on the due date then, without prejudice to any other right or remedy
available to the SELLER, the SELLER shall be entitled to (a) cancel the CONTRACT or suspend any further deliveries to
the BUYER (whether under the same CONTRACT to which the failure relates or under any other CONTRACT); and (b)
appropriate any payment made by the BUYER to such of the GOODS (or the GOODS supplied under any other
CONTRACT between the BUYER and the SELLER) as the SELLER may think fit (notwithstanding any purported
appropriation by the BUYER); and (c) charge the BUYER interest (both before and after any judgment) on the amount
unpaid, at the rate of 3 per cent per annum above the prime rate or the maximum lending rate permissible by the
laws of the SELLER’s domicile, whichever is higher.
5.5 SELLER may at any time in its absolute discretion assign accounts receivable to any SELLER affiliate. The BUYER is
hereby expressly notified that any credit balance or other sum owed to BUYER which remains unclaimed by BUYER for
a period of 18 months from the date of cause of claim, will be absolutely forfeited by the SELLER as administration
charges and the BUYER hereby waives any claims it may have on such amounts.
6. DELIVERY
6.1 SELLER will not be liable for any failure or delay in its performance or in the delivery or shipment of GOODS, or for
any damages suffered by BUYER by reason of such failure or delay, when such failure or delay is caused by, or arises in
connection with, any fire, flood, pandemic crisis, accident, riot, earthquake, severe weather, war, governmental
interference or embargo, strike, shortage of labor, fuel, power, materials or supplies, delay in delivery by SELLER’s
suppliers or MANUFACTURERS or any other cause or causes beyond SELLER’s reasonable control. SELLER reserves the
right to cancel without liability any order, the shipment of which is or may be delayed for more than 30 days by reason
of any such cause. SELLER reserves the right to allocate in its sole discretion among BUYERs or potential BUYERs, or
defer or delay the shipment of, any product which is in short supply.
6.2 Where the GOODS are to be delivered in portion, each delivery shall constitute a separate CONTRACT and any
default by the SELLER relating to any one or more of the portion (whether in respect of delivery, quality or otherwise)
shall not entitle the BUYER to treat the Contract as a whole as repudiated.
6.3 If the BUYER fails to take delivery of the GOODS or fails to give the SELLER adequate delivery instructions at the
time stated for delivery then, without prejudice to any other right or remedy available to the SELLER, the SELLER may
store the GOODS until actual delivery and charge the BUYER for the reasonable costs (including insurance) of storage;
or sell the GOODS at the best price readily obtainable and (after deducting all reasonable storage selling expenses)
charge the BUYER for the shortfall (if any) below the price under the CONTRACT.
6.4 In the absence of prior agreement as to shipping, SELLER may select a carrier. BUYER will pay for storage charges if
GOODS are held by SELLER at BUYER’s request pending instructions or rescheduled delivery.
6.5 GOODS are deemed accepted by BUYER unless BUYER notifies SELLER in writing within 10 days (or such other time
as agreed or set out in the purchase order) of delivery of GOODS any shortages, damage or defect. No returns may be
made for any reason without notification within time as above said as well as with a Return Authorization Form issued
by SELLER. If BUYER refuses to accept tender or delivery of any GOODS or returns any GOODS without authorization
from SELLER, such GOODS will be held by SELLER for 7 days, after which the SELLER is entitled to dispose of the
GOODS as it sees fit, without prejudice to claiming against the BUYER for the full amount of purchase price of the
GOODS and any other costs, expenses, charges, damages and loss as may be suffered by the SELLER
7. RISK AND PROPERTY
7.1 Risk of damage to or loss of the GOODS shall pass to the BUYER:
– (a) in the case of GOODS to be delivered at the SELLER’s premises, at the time when the SELLER notifies the BUYER
that the GOODS are available for collection; or (b) in the case of GOODS to be delivered otherwise than at the SELLER’s
premises, at the time of delivery or, if the BUYER wrongfully fails to take delivery of the GOODS, the time when the
SELLER has tendered delivery of the GOODS.
7.2 Notwithstanding delivery and the passing of risk in the GOODS, or any other provision of these Conditions, the
property in the GOODS shall not pass to the BUYER until the SELLER has received in cash or cleared funds payment in
full of the price of the GOODS and all other GOODS agreed to be sold by the SELLER to the BUYER for which payment is
then due.
7.3 SELLER retains a purchase money security interest in all GOODS sold by SELLER to BUYER and in the proceeds of
any resale of such GOODS, until the purchase price and any other charges due to SELLER have been paid in full. BUYER
agrees to execute any financing statements SELLER may request in order to protect SELLER’s security interest and
hereby authorizes SELLER to execute and irrevocably appoints SELLER as its attorney to execute or enforce such
financing statements. Upon any breach by BUYER of these CONDITIONS, SELLER will have all rights and remedies of a
secured party under applicable law, which rights and remedies will be cumulative and not exclusive. BUYER is
responsible for all costs and expenses incurred by SELLER in collecting any sums owing by BUYER (which may include,
but are not limited to, collection agency and reasonable attorney’s fees). The BUYER shall bear all costs of the SELLER
in enforcing any judgment or collection effort arising from BUYER’s breach. SELLER shall have the right to offset any
sums owed by the SELLER or its associate company or subsidiary against any sums owed by BUYER to SELLER or its
associate company or subsidiary.
7.4 Until the property in the GOODS passes to the BUYER, the BUYER shall keep the GOODS separate from those of the
BUYER and third parties and properly stored, protected and insured and identified as the SELLER’s property, but shall
be entitled to resell or use the GOODS in the ordinary course of its business. 7.5 Until the property in the GOODS
passes to the BUYER (and provided the GOODS are still in existence and have not been resold), the SELLER shall be
entitled at any time to require the BUYER to deliver up the GOODS to the SELLER and, if the BUYER fails to do so
forthwith, to enter upon any premises of the BUYER or any third party where the GOODS are stored and repossess the
GOODS.
8. WARRANTIES AND LIABILITY
8.1 SELLER warrants those GOODS assembled or customized by it against defects caused solely by faulty assembly or
customization for 14 days after delivery. All other GOODS and the components and materials utilized in any assembled
or customized GOODS are covered by a time period indicated in the CONTRACT. Warranty on faulty parts is intended
to be valid only based on a formal third-party test report provided by the BUYER. Any return without a written formal
test report specifically indicating malfunctions with a measurement proof (as pictures, videos, x-ray or tests) will not
be considered acceptable. Any return without the above-descripted conditions will be immediately rejected and ship
back to BUYER at his expenses.
Parts to be returned must be accompanied by R.M.A. provided by the SELLER. Returning shipping expenses are on
BUYERS charge.
BUYER’s exclusive remedy, if any, under these warranties is limited, at SELLER’s election, to any one of (a) refund of
BUYER’s purchase price, (b) repair by SELLER or the MANUFACTURER of any GOODS found to be defective, or (c)
replacement of any such GOODS. BUYER acknowledges that except as specifically set forth or referenced in this
paragraph, THERE ARE NO REPRESENTATIONS OR WARRANTIES OF ANY KIND (INCLUDING, WITHOUT LIMITATION, IN
ADVERTISING MATERIALS, BROCHURES, OR OTHER DESCRIPTIVE LITERATURE) BY SELLER OR ANY OTHER PERSON,
EXPRESS OR IMPLIED, AS TO THE CONDITION OR PERFORMANCE OF ANY GOODS, THEIR MERCHANTABILITY, OR
FITNESS FOR A PARTICULAR PURPOSE, OR OTHERWISE. SELLER ASSUMES NO RESPONSIBILITY OR LIABILITY
WHATSOEVER FOR MANUFACTURER’S GOODS SPECIFICATIONS OR THE PERFORMANCE OR ADEQUACY OF ANY
DESIGN OR SPECIFICATION PROVIDED TO SELLER BY OR ON BEHALF OF BUYER. Use of the BUYER’s part number on the
CONTRACT or on any GOODS is for convenience only and does not constitute any representation by SELLER with
respect to the performance, specifications, or fitness of any part for any purpose.
8.2 The above warranty is given by the SELLER subject to the following conditions: (a) the SELLER shall be under no
liability in respect of any defect in the GOODS arising from any drawing, design or specification supplied by the BUYER;
or from fair wear and tear, willful damage, negligence, abnormal working conditions, failure to follow the SELLER’s
instructions (whether oral or in writing), misuse or alteration or repair of the GOODS without the SELLER’s approval;
(b) the SELLER shall be under no liability under the above warranty (or any other warranty, condition or guarantee) if
the total price for the GOODS has not been paid by the due date for payment.
8.3 Subject as expressly provided in these Conditions, all warranties, conditions or other terms implied by statute or
common law are excluded to the fullest extent permitted by law.
8.4 Except for the warranty coverage referenced in this Article 8, NEITHER SELLER NOR ITS MANUFACTURERS WILL
HAVE ANY LIABILITY OR OBLIGATION TO BUYER OR ANY OTHER PERSON FOR ANY CLAIM, LOSS, DAMAGE, OR EXPENSE
CAUSED IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, BY THE INADEQUACY OF ANY GOODS FOR ANY PURPOSE,
BY ANY DEFICIENCY OR DEFECT IN ANY GOODS (WHETHER OR NOT COVERED BY ANY WARRANTY), BY THE USE OR
PERFORMANCE OF ANY GOODS OR BY ANY FAILURE OR DELAY IN SELLER’S PERFORMANCE HEREUNDER, OR FOR ANY
SPECIAL, DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, EXEMPLARY OR PUNITIVE DAMAGES, HOWEVER CAUSED,
INCLUDING, WITHOUT LIMITATION, PERSONAL INJURY OR LOSS OF BUSINESS OR PROFIT, WHETHER OR NOT BUYER
WILL HAVE INFORMED SELLER OF THE POSSIBILITY OR LIKELIHOOD OF ANY SUCH DAMAGES
8.5 Any claim by the BUYER which is based on any defect in the quality or condition of the GOODS or their failure to
correspond with specification shall (whether or not delivery is refused by the BUYER) be deemed waived absolutely
unless notified to the SELLER within 14 days from the date of delivery and the BUYER shall be bound to pay the price
as if the GOODS had been delivered in accordance with the CONTRACT.
8.6 The SELLER shall not be liable to the BUYER or be deemed to be in breach of the CONTRACT by reason of any delay
in performing, or any failure to perform, any of the SELLER’s obligations in relation to the GOODS, if the delay or
failure was due to any cause beyond the SELLER’s reasonable control including (without limitation) any delay, default
or failure on this part of the MANUFACTURER(s) or ultimate MANUFACTURER(s) who supply directly or indirectly the
GOODS to the SELLER for resale to the BUYER.
8.7 The performance of any value-added service may void the MANUFACTURER’s warranty and render products nonreturnable.
Orders incorporating such services are, accordingly, non-cancelable and the products are non-returnable.
Any third party value-added service provider is deemed to be an agent of BUYER.
8.8 Any software or intellectual property included in or relating to GOODS is supplied by the MANUFACTURER. SELLER
makes no representation or warranty with respect thereto and will have no liability in connection therewith.
9. EXPORT CONTROL
9.1 BUYER understands that the GOODS may be subject to export, re-export, or other restrictions under the laws of
the country of manufacture, the country of the seller/distributor, and the country in which the BUYER resides.
Therefore, BUYER, on behalf of itself, its subsidiaries and affiliates, warrants and agrees to abide by all applicable laws
and regulations relating to the export and re-export of such commodities, software, and/or technology and the direct
products thereof in relation to GOODS obtained by BUYER and its subsidiaries and affiliates.
a) BUYER certify that the commodities, software, and/or technology will not be used, sold, re-exported or
incorporated into products used directly or indirectly, in the design, development, production, stockpiling, or use of
chemical or biological weapons, nuclear programs (including activities related to nuclear explosive devices, nuclear
reactors, and nuclear fuel-cycle activities), missiles (including cruise and ballistic missile systems, space launch
vehicles, sounding rockets, target drones, remotely piloted vehicles, and reconnaissance drones), and maritime
nuclear propulsion projects except as authorized under applicable laws and regulations relating to the export and/or
re-export of these items. b) BUYER certify that the commodities, software, and/or technology will not be sold, reexported
or incorporated into products for use by military, police, or intelligence entities, or for any space applications
except as authorized under applicable laws and regulations relating to the export and/or re-export of items to such
entities. c) BUYER certify that the commodities, software, and/or technology will not be used directly or indirectly,
sold, re-exported or incorporated into products for the foreign vessels or aircraft except as authorized under
applicable laws and regulations relating to the export and/or re-export of these items. d) BUYER certify that the
commodities, software, and/or technology will not be used directly or indirectly, sold, re-exported or incorporated
into products for the benefit of those named by the U.S. government on the Entity List at Part 744 of the Export
Administration Regulations, or to persons designated by the U.S. government as Specially Designated Global Terrorists
(SDGTs), Specially Designated Terrorists (SDTs), Foreign Terrorist Organizations (FTOs) on the Specially Designated
National (SDN) list, or to persons on the SDN List followed by the suffix FRYM (relating to U.S. sanctions on the Federal
Republic of Yugoslavia and Montenegro). e) BUYER certify that the commodities, software, and/or technology will not
be used directly or indirectly, sold, re-exported or incorporated into products that constitute general purpose
microprocessors for military end-uses or military end-users. f) BUYER certify that no commodities, software, and/or
technology obtained from SELLER, its subsidiaries and/or affiliates, or of U.S. origin will be exported or re-exported
(directly or indirectly), diverted, or transshipped to or via any country in violation of U.S. unilateral or U.N. economic
embargo.
9.2 The GOODS SELLER sells may have been imported. Country of origin information is as provided to SELLER by its
MANUFACTURERS and is, where applicable, printed on the products or the manufacturer’s innermost packaging.
10. INSOLVENCY OF BUYER
(a) If the BUYER makes any voluntary arrangement with its creditors or (being an individual or firm) becomes bankrupt
or (being a company) becomes subject to an administration order or goes into liquidation (otherwise than for the
purposes of amalgamation or reconstruction); or (b) An encumbrance takes possession, or a receiver is appointed, of
any of the property or assets of the BUYER; or (c) The BUYER ceases, or threatens to cease, to carry on business; or (d)
The SELLER reasonably apprehends that any of the events mentioned above is about to occur in relation to the BUYER
and notifies the BUYER accordingly. Then, without prejudice to any other right or remedy available to the SELLER, the
SELLER shall be entitled to cancel the CONTRACT or suspend any further deliveries under the CONTRACT without any
liability to the BUYER, and if the GOODS have been delivered but not paid for the price shall become immediately due
and payable notwithstanding any previous agreement or arrangement to the contrary.
11. CONFIDENTIALITY
BUYER agrees to use reasonable measures, but in any event no less than the standard applied in handling its own
confidential / proprietary information, in handling and maintaining in confidence any confidential / proprietary
information as disclosed by SELLER.
12. COMPETENT COURT
These CONDITIONS are governed by Italian law. For any dispute concerning the execution, interpretation, validity,
termination of supply contracts with SELLER, the Court of Milan is exclusively competent.

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