QUOTATIONS AND PRO FORMA INVOICES
Many export transactions, particularly first-time export transactions, begin with the receipt of an inquiry from abroad, followed by a request for a quotation or a pro forma invoice.
A quotation describes the product, states a price for it, sets the time of shipment, and specifies the terms of sale and terms of payment. Since the foreign buyer may not be familiar with the product, the description of it in an overseas quotation usually must be more detailed than in a domestic quotation. The description should include the following 15 points:
Buyer's name and address.
Buyer's reference number and date of inquiry.
Listing of requested products and brief description.
Price of each item with requested Currency.
Gross and net shipping weight (in kg where appropriate).
Total cubic volume and dimensions (in metric units where appropriate) packed for export
Terms of sale.
Terms of payment.
Insurance and shipping costs ( if applicable )
Validity period for quotation.
Total charges to be paid by customer.
Estimated shipping date to factory or port.
Estimated date of shipment arrival.
ERA will be responsible to submit a pro forma invoice with or instead of a quotation. Pro forma invoices can be for payment purposes but are essentially quotations in an invoice format.
In addition to the foregoing list of items, a pro forma invoice will include a statement certifying that the pro forma invoice is true and correct and a statement describing the country of origin of the goods.
The following are a few of the more common terms which we have been using in international trade for long years ;
* EXW (ex works) at a named point of origin (e.g., ex factory, ex mill, ex warehouse). Under this term, the price quoted applies only at the point of origin and the seller agrees to place the goods at the disposal of the buyer at the specified place on the date or within the period fixed. All other charges are for the account of the buyer.
* CPT (carriage paid to) and CIP (carriage and insurance paid to) a named place of destination. Used in place of CFR and CIF, respectively, for shipment by modes other than water.
PRICE AND PAYMENTS
The price shall be that in the ERA’s current List Price, or such other price as the parties may agree in writing depending on quantity. All prices are EXW - Istanbul ( Factory ) exclusive any other applicable costs. Carriage shall be paid for by the Buyer or carriage cost will be added upon buyer's demand and deliver term will be changed as CIP - Import Place
Prices are subject to change based on economical situation , currency fluctuations .
Payment of the price and VAT and any other applicable costs shall be subject to agreement . Production starts once %100 is remitted in advance
Upon demand of samples , samples can be delivered ( free of charge ) by air courier at customer's UPS, DHlL accounts .
Risk in the Goods shall pass to the Buyer at the moment the Goods are delivered from ERA 's warehouse whichever happens first.
Where the Goods have been manufactured and delivered by ERA and are found to be defective , ERA shall replace defective Goods free of charge within 12 months from the date of delivery, subject to the following conditions:
a) the Buyer notifying the Seller in writing immediately ( must be im maximum 10 days ) upon the defect becoming apparent;
b) the defect being due to the faulty design, materials or workmanship of ERA.
c) Any Goods to be repaired or replaced shall be returned ERA at the Buyer’s expense .
d) ERA shall be entitled in its absolute discretion to refund the price of the defective Goods in the event that such price has already been paid.
e) The remedies contained in this Clause are without prejudice to the other Terms and Conditions herein, including, but without limitation, please see Limitation of Warranty
LIMITATION OF WARRANTY
All metal based products including are under guarantee against corrosion for 2 years as long as following warnings are taken into consideration.
Some products are designed for indoor , can not be used outdoor
All products must be kept and stored away from rain , humidity and moisture.
All products can not be cleaned with wet cleaning mops . Only dry linen can be used for cleaning.
Chemical cleaners can not be used on products.
Water can not be used on products
All products must be aviod contacting with hard objects .
In the event of loading more weight than standart loading capacity of products , warranty will become void.
In the event that the Buyer or his agent or end user has used the Goods in any way against aforesaid usage conditions , the Warranty as aforesaid and all items indicated in Warranty become void.
ERA shall not be liable for any delay or failure to perform any of its obligations if the delay or failure results from events or circumstances outside its reasonable control, including but not limited to acts of God, strikes, lock outs, because of Forwarder's delay , accidents, war, fire, breakdown of plant or machinery or shortage or unavailability of raw materials from a natural source of supply, and the Seller shall be entitled to a reasonable extension of its obligations. If the delay persists for such time as the Seller considers unreasonable, it may, without liability on its part, terminate the contract.
INTELLECTUAL PROPERTY RIGHTS
All Intellectual Property Rights produced from or arising as a result of the performance of this Agreement shall, so far as not already vested, become the absolute property of the Seller, and the Buyer shall do all that is reasonably necessary to ensure that such rights vest in the Seller by the execution of appropriate instruments or the making of agreements with third parties. third parties.
GOVERNING LAW AND JURISDICTION
This Agreement shall be governed by and construed in accordance with the law of Turkey and the parties hereby submit to the exclusive jurisdiction of the Turkish courts.