Terms of Sale - Altam Manufacturing

Terms of Sale & Payment

CUSTOMER’S ACCEPTANCE OF TERMS:
Altam Manufacturing, Inc. shall hereinafter be referred to as Altam and the Customer shall be referred to as CUSTOMER. The CUSTOMER desires to purchase goods and/or services from Altam, and CUSTOMER agrees in consideration thereof to be bound by the conditions stated herein, which may be viewed in full at www.altammfg.com/termsofsale Additionally, if a sale is on credit terms, CUSTOMER further agrees to the terms and conditions found in Altam’s credit application. Altam hereby objects to any terms or other conditions at variance with, different from or additional to those terms and conditions stated herein unless such terms and conditions are hereafter set forth in a writing signed by an officer of Altam. Terms are subject to change without notice.
TITLE:
Title to products priced and delivered to Altam’s shipping point shall pass to CUSTOMER upon delivery at such shipping point. Any charges at destination of spotting, switching, handling, storage and other accessorial services, and demurrage, shall be at CUSTOMER’S expense.
LIMITED WARRANTY:
For a period of thirty (30) days following the date Altam delivers the goods to CUSTOMER (the Warranty Period), Altam warrants that the goods will (a) be free from defects in material and workmanship, and (b) conform, within industry standards, to the description and specifications set forth herein. Altam will repair or replace any defective or non-conforming goods, or at Altam’s option, refund the price paid by CUSTOMER for such defective or non-conforming goods, provided that CUSTOMER notifies Altam in writing of such defect or non-conformity within the Warranty Period. The limited, express warranty set forth in this provision is exclusive and given in lieu of all other warranties, representations and guaranties of every type and kind in connection with the goods. Altam excludes and disclaims and CUSTOMER waives any and all other oral and written warranties, representations and guaranties in respect of the goods, whether express or implied by operation of law or otherwise, including, but not limited to, the implied warranties of merchantability and fitness for a particular purpose.
DAMAGES:
In no event shall CUSTOMER, or any person claiming by, through or under CUSTOMER, have the right to claim or recover from Altam for any loss, damage, cost of repairs or incidental, punitive, special, consequential or liquidated damages of any kind (including but not limited to, lost profits or damages for loss of efficiency or delay to any project on which the goods or services are used or ordered or intended for use). This waiver of damages provision shall apply whether the claim is based upon warranty, contract, strict liability, negligence or any other causes of action arising in connection with the design, manufacture, sale, transportation, installation, use or repair of the goods sold by Altam. Altam shall be excused from any failure to perform due to any actions, events, conditions, inactions or any other cause beyond Altam’s control in the reasonable operation of its business. Any and all delivery dates given by Altam constitute good faith estimates only. Altam shall not be liable for any failure to meet any specific shipping or delivery date as long as Altam acts in good faith.
SHORTAGES OR DAMAGED GOODS:
Any physically damaged or shortage of material must be noted by CUSTOMER at time of delivery. Any concealed damage or shortages resulting from prepackaged or wrapped shipping containers must be noted by CUSTOMER within 48 hours and prior to any consumption by CUSTOMER. After such period, CUSTOMER shall be deemed to have irrevocably accepted the goods, if not previously accepted. After such acceptance, CUSTOMER shall have no right to reject the goods for any reason or to revoke acceptance. Delivery of goods shall be subject to normal variations in weight, color, size, quantities, etc., as are standard in the industry. No material shall be returned to Altam without its written consent. CUSTOMER is solely responsible for all inspection and testing charges of goods.
CANCELLATION AND RETURNS:
CUSTOMER may not cancel any order of goods without Altam’s express, written consent. Any cancellation so authorized shall be subject to a cancellation/restocking charge of 30% at Altam’s sole discretion, plus all applicable freight. Unused goods, processed material or specially manufactured materials not normally carried in Altam’s inventory may not, under any circumstances, be returned. The amount of credit, if any, allowed to CUSTOMER for returned goods shall be at the sole discretion of Altam.
HAZARDOUS BUSINESSES:
Unless otherwise agreed in writing by an authorized representative of Altam, goods sold hereunder are not intended for use in connection with any hazardous activity or any other critical application where failure of a single component could cause substantial harm to persons or property. If so used, Altam disclaims all liability for any damage, contamination or other injury and CUSTOMER shall indemnify and hold Altam harmless from such liability, whether as a result of breach of contract, warranty or tort (including negligence).
TAXES:
Unless otherwise indicated herein, the prices specified do not include any taxes payable on account of the transaction, and all such taxes now or hereafter applicable to this transaction shall be paid by CUSTOMER.
ACCEPTANCE / ENFORCEABILITY OF COPIES:
CUSTOMER agrees that Altam may, at Altam’s sole discretion, accept, utilize and rely upon a facsimile copy, electronic copy or photocopy of this agreement (and such a copy of any Continuing Personal Guaranty or Corporate Guaranty), in lieu of an original document. CUSTOMER acknowledges that, by transmitting a facsimile copy, electronic copy or photocopy of this document to Altam, CUSTOMER, and the Guarantor (if applicable), agree to be bound by the terms and conditions contained in this document to the same extent as if an original were transmitted to Altam. CUSTOMER, and Guarantor (if applicable), consent to Altam’s use of this document and waive any right to object to the use of a copy in place of the original and any right to require Altam to subsequently produce an original document.
DELAYS:
In the event of any delay in Altam’s performance due to mill rolling changes, fire, explosion, strike, or other difference with workman, shortage of utility, facility, material or labor, delay in transportation, breakdown or accident, compliance with or other action taken to carry out the intent or purpose of any law or regulation, or any cause beyond Altam’s reasonable control, Altam shall have such additional time within which to perform this contract as may be reasonably necessary under the circumstances. In addition, Altam shall have the right to apportion its production among its customers (including, CUSTOMER) in such manner as it may consider to be equitable.
SEVERABILITY:
If any term, covenant or condition of this agreement, or the application thereof to any person or circumstance, shall, to any extent, be invalid or unenforceable, the remainder of this agreement or the application of such term, covenant or condition to persons or circumstances other than those as to which it is held invalid or unenforceable, shall not be affected thereby, and each term, covenant or condition of this agreement shall be valid and shall be enforced to the fullest extent permitted by law.
PAYMENT TERMS:
Altam payment terms are 60% Deposit with the remainder due prior to shipment. If provided to be on Net Terms Altam provides Net 10 – Net 15 Terms after product ships. All invoices are subject to a 1.5% /mo and 18% annual charge on all past due invoices.
PURCHASE ORDERS
A Purchaser Order from the customer is required, with details on the product, quantity, and finish.
The PO will be updated, with any items that could have been added throughout the fabrication process, and forwarded to [email protected].

If a deposit is necessary, Altam will hold off on processing the job until the deposit is received, which could result in higher material costs and longer lead times.
COMPLETION OF GOODS – STORAGE FEES
Should completed goods or processed materials that are not be picked up within five days of the completion and/or invoiced date, storage fees may be charged, with a daily maximum of $80.00. Altam is not responsible for any weathered related damage that may occur.
COMPLETE AGREEMENT:
These Terms and Conditions of Sale & Payment, together with any terms and conditions contained in Altam’s Credit Application and Agreement (for credit sales), Altam’s Quotation/Estimations (if any) and Altam’s invoice, constitute the entire understanding between Altam and CUSTOMER with respect to the sale of all goods and services furnished by Altam to CUSTOMER, superseding all negotiations, prior discussions and preliminary agreements, if any. Any modification or supplementation of these Terms and Conditions of Sale by CUSTOMER are void and of no effect unless made in writing and signed by an officer of Altam.

NOTICE: ALL SALES ARE CONTINGENT ON A LACK OF IMPACT BY THE CORNOAVIRUS NATIONAL EMERGENCY.
Given the existence of the corona pandemic, Altam Company will use its best efforts to manufacture, staff and service this project to meet the scheduled delivery date(s). However, Altam Company reserves its right to e xtend the delivery date/time if Altam Company is unable to perform or its subcontractors or suppliers fail to perform on time due to illness, supply shortages or government restraints on business, travel/and or assembly. In the event of such a suspension/delay, Altam Company shall not be in default for failure to perform and shall not be liable for loss, damange, detention of delay. To extent that the project is suspended by the Buyer, Altam Company reserves its right to seek additional costs associated with the suspension.
Effective: 01/2020