1. Acceptance. Acceptance of this order will be according to the Terms and Conditions shown on the face hereof. This order supersedes any previous terms and conditions contained in any quote, purchase order or acknowledgement. All items are subject to prior sale.
2. Taxes. Buyer is responsible for all taxes, duties and other charges arising from the sale, delivery or use of any goods identified in the foregoing order and will reimburse Namaha Shivay Aerotech for any such charges Namaha Shivay Aerotech may be required to pay.
3. Law & Jurisdiction. The definitions of terms used, interpretation of this order, and rights and liabilities of parties hereto shall be construed under and governed by the laws of INDIA and the courts situated in INDIA shall have exclusive jurisdiction to hear any dispute arising hereunder. Buyer agrees to pay all costs and expenses, including reasonable attorneys' fees, incurred by Namaha Shivay Aerotech h in any action to enforce its rights hereunder. The INDIA Convention on Contracts for the International Sale of Goods, 1980, and any amendment or successor thereto is expressly excluded from this order. Buyer hereby waives: (a) the right to a jury trial in any and all proceedings; (b) any and all objections to venue and inconvenient forum in the state and federal courts referred to in this section; and (c) any and all objections to service of process by certified mail, return receipt requested.
4. Delay. Namaha Shivay Aerotech is not responsible for any failure or delay in performance resulting from causes beyond Namaha Shivay Aerotech 's reasonable control. These may include, but are not limited to events such as acts of government, court order, civil unrest, sabotage, adverse weather conditions, labor troubles and shortages of any goods. Namaha Shivay Aerotech will give timely notice to Buyer of any such event and will endeavor to avoid or remove the cause and resume performance with minimum delay. The time for delivery will be extended accordingly.
5. Payment & Delivery. It is specifically understood and agreed that the title to all goods listed or included in the foregoing invoice shall remain Namaha Shivay Aerotech until full payment of same has been received, and the funds have cleared. All payments shall be made in United States dollars. All payments shall be made in full prior to shipment of the goods; except where Namaha Shivay Aerotech has authorized credit terms for payment and/or scheduled advance payment, of which, such conditions will be listed on the face the invoice referenced above. The Buyer agrees to pay all cost of collection, including all reasonable attorneys' fees in the event it becomes necessary to enforce payment thereof. A finance charge of 1.5% per month or 18% per year or the maximum allowable service charge under the State of Maharashtra shall be applied to all past due accounts commencing from the due date until the date the invoice amount, plus any service charges, is paid.
6. Termination. Namaha Shivay Aerotech may terminate the order at any time by written notice to Buyer if Buyer becomes insolvent or performs or permits any act of bankruptcy, liquidation, reorganization or if a receiver, trustee, or custodian is appointed for Buyer or a substantial part of Buyer's property.
7. Disclaimer of warranties. The goods are being sold as is, whereas condition, without warranty of any kind, whether written, oral, express, implied or statutory (including, without limitation, any warranty of merchantability or fitness for a particular purpose). Any warranties contained herein, and the obligations and liabilities of Namaha Shivay Aerotech thereunder, are expressly in lieu of and buyer hereby waives with respect to seller and any consignor, any and all other warranties, agreements, guaranties, conditions, duties, obligations or liabilities, express or implied, arising by law or otherwise, with respect to the goods supplied or services rendered. In no event shall Namaha Shivay Aerotech nor any consignor be liable for any direct, indirect, special, incidental, punitive or consequential damages, including without limitation, lost revenue, profit or economic advantage and cost of replacement goods, suffered by buyer, whether or not caused by Namaha Shivay Aerotech or consignor’s negligence. No agreement claiming any warranty of the goods shall be binding upon Namaha Shivay Aerotech unless in writing and signed by its duly authorized officer or representative.
The Goods will be delivered in as is, where is condition but subject to following: A. If the Goods are in overhauled condition a workmanship warranty of 12 months B. If the Goods are in Repaired condition a workmanship warranty of 6 months C. If the Goods are Bench tested/inspected a workmanship warranty of 30 days from ship date
For avoidance of doubt, Namaha Shivay Aerotech liability shall be limited to at Namaha Shivay Aerotech option either (a) the replacement and repair of the Goods or (b) a credit to Buyer in the amount of sale price of Buyer. Buyer expressly disclaims any other costs and expenses and agrees that the warranty claim will be limited to the options set forth in the preceding sentence.
Limitation of liability. Namaha Shivay Aerotech liability on any claim of any kind, including negligence, for any loss (including death) or damage arising out of or connected with, or resulting from this order, or from the performance or breach thereof, or from the manufacture, sale, delivery, or use of any goods covered by or furnished under this order shall in no case exceed the price allocable to the component which gives rise to the claim. Any such liability shall be conditioned on buyer providing prompt written notice to Namaha Shivay Aerotech of any claim and, in any event, within one year from the date of occurrence of the claim unless the parties have agreed in writing to a different claim period. In no event shall Namaha Shivay Aerotech be liable for special, incidental, indirect, punitive, or consequential damages including, without limitation, lost revenue or profit and cost of replacement goods. Buyer releases and agrees to defend, indemnify and hold Namaha Shivay Aerotech and any consignor, and each of their respective directors, officers, agents and employees (each, an “indemnitee”), harmless from and against any and all liabilities, demands, suits, damages, losses, expenses, claims, fines or judgments (including, without limitation, all attorneys’ fees, costs and expenses in connection therewith or incident thereto) for deaths of or injuries to any persons whosoever (including, without limitation, Namaha Shivay Aerotech and any consignor’s employees) and for all losses incident thereto, and for loss of, damage to, destruction of, or delay in the delivery of any property whatsoever (including, without limitation, aircraft of buyer) in any manner arising out of or in connection with the parts subsequent to their delivery by Namaha Shivay Aerotech hereunder regardless of the negligence, active or passive, of any indemnitee. Buyer will, at the request Namaha Shivay Aerotech and/or the relevant consignor negotiate any claim or defend any action or suit brought against Namaha Shivay Aerotech and/or the relevant consignor or in which Namaha Shivay Aerotech and/or the relevant consignor is joined as a party defendant based upon any matters for which buyer has released and indemnified Namaha Shivay Aerotech and/or the relevant consignor hereunder. In the event the aforesaid provisions of this agreement relieving any indemnitee from liability for its own negligence or any other provision whatsoever should for any reason be held ineffective, unenforceable or contrary to public policy, the remainder of these terms and conditions shall remain in full force and effect notwithstanding.
8. Indemnification. Buyer shall assume all loss and liability of any nature whatsoever arising out of the use, possession, or resale of said goods, and agrees to indemnify, protect, defend and save harmless Namaha Shivay Aerotech , its affiliates and their respective officers, directors, employees and agents (“hereinafter the Indemnitees”) with respect to any claim, suit, action or judgment of any kind arising out of such use, possession or resale, regardless of whether caused by the negligent acts (or omissions) of any of the Indemnitees.
9. Third-Party Fees. Namaha Shivay Aerotech and Buyer each indemnifies the other party from liability for fees, commissions or other claims made upon the other by third party brokers or, finders when such claims were caused by the indemnifying party.
10. Limitation of liability. Namaha Shivay Aerotech liability on any claim of any kind, including negligence, for any loss (including death) or damage arising out of or connected with, or resulting from this order, or from the performance or breach thereof, or from the manufacture, sale, delivery, or use of any goods covered by or furnished under this order shall in no case exceed the price allocable to the component which gives rise to the claim. Any such liability shall be conditioned on buyer providing prompt written notice to Namaha Shivay Aerotech of any claim and, in any event, within one year from the date of occurrence of the claim unless the parties have agreed in writing to a different claim period. In no event shall Namaha Shivay Aerotech be liable for special, incidental, indirect, punitive, or consequential damages including, without limitation, lost revenue or profit and cost of replacement goods.
11. Severability. Any provision of this order which is prohibited or unenforceable in any jurisdiction shall, only as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such provision shall remain effective in any other jurisdiction. To the extent permitted by applicable law, each party hereby waives any provision of law which renders any provision hereof prohibited or unenforceable in any respect.
12. Assignment & Waiver. Buyer may not assign, in whole or part, the order and/or the foregoing invoice without prior written consent of Namaha Shivay Aerotech . Failure by Namaha Shivay Aerotech to assert all or any rights upon breach of this order shall not be deemed a waiver of such rights either with respect to such breach or any subsequent breach, nor shall any waiver be implied from the acceptance of any payment. No written waiver of any right shall extend to or affect any other right Namaha Shivay Aerotech may possess, nor shall such written waiver extend to any subsequent similar or dissimilar breach.
13. Returns. All returns for credit must be made within thirty (30) days of purchase and require a written material return authorization. All returns are subject to Namaha Shivay Aerotech approval and a 20% restocking fee.
14. Export. Buyer understands that the products and/or technology to be purchased by it pursuant to this Agreement are subject to export controls under the laws of the INDIA
15. Reclamation & Right of Set-Off. This provision shall apply in the event that Namaha Shivay Aerotech has: (a) delivered the goods to Buyer on credit; or (b) financed the sale of the goods to Buyer. As a condition of Namaha Shivay Aerotech allowing the Buyer to accept delivery of the goods on credit, Buyer represents and warrants to Namaha Shivay Aerotech that Buyer is solvent and is not presently a debtor in any bankruptcy case in any court of competent jurisdiction. In the event of Buyer’s insolvency, the foregoing invoice together with these Terms & Conditions shall constitute a demand by Namaha Shivay Aerotech for reclamation of the goods in accordance with Section 2-702 of the Uniform Commercial Code and Section 546(c)(1) of the United States Bankruptcy Code. In the event of Buyer’s insolvency, Buyer does hereby waive any defenses to Namaha Shivay Aerotech right to reclamation to the goods sold and Buyer shall promptly return possession of the goods to Namaha Shivay Aerotech . Buyer hereby grants a general lien on and a security interest in, any assets belonging to Buyer and in the possession of Namaha Shivay Aerotech as security for the performance of its obligations hereunder or to satisfy any obligation owed by Buyer to Namaha Shivay Aerotech under any agreement.
16. Entire Agreement. These Terms and Conditions of Sale govern the sale of goods by Namaha Shivay Aerotech , notwithstanding any different, conflicting, or additional terms or conditions which appear on any purchase order or other business form submitted by Buyer, such different conflicting or additional terms submitted by Buyer will not become a part of the contract of sale between Namaha Shivay Aerotech and Buyer and are expressly rejected by Namaha Shivay Aerotech .