General Terms & Conditions Attached to Quotations and Online Sales
1. Definition
Seller: United Bearing Co., including their assigns. Buyer: The other party to the contract and their assigns.
Product: All goods including software and services related to maintenance, spindle, lubrication systems, computer-based training, and bearing accessories under various brand names such as SKF, FAG, NTN, NSK, THK, KOYO, TIMKEN, IKO, INA, and NACHI.
2. Commitment to Sale
The Seller’s commitment to sale and supply Product shall be valid only when made in writing. Until formal communication of acceptance is made, there is no commitment for sale and supply.
3. Quotation Validity
Unless otherwise specified, quotations submitted by the Seller are valid for 30 days from the date of submission.
4. Prices & Taxes
Prices are firm as stated in the quotation/offer. Taxes and levies will be charged as applicable at the time of delivery.
5. Delivery
Products will be delivered as per the Seller’s delivery schedule and must be paid for under agreed payment terms.
6. Transfer of Ownership
The Seller’s responsibility ceases once the title to the Product passes to the Buyer as per the contract.
7. Delivery Time
The time of delivery is calculated from the date of receipt and acceptance of a technically and commercially clear order by the Seller.
8. Rejections
Rejections or discrepancies must be reported in writing within 5 days of receiving goods.
9. Payment Deductions
No payment shall be withheld or adjusted unless agreed in writing by the Seller.
10. Warranty
The manufacturer’s warranty applies, limited to 12 months after delivery.
11. Limitation of Liability
The Seller shall not be liable for indirect, consequential, or economic losses.
12. Terms Precedence
The Seller’s general conditions attached to quotations or invoices prevail over any buyer acknowledgment.
13. Governing Law
The contract shall be governed by Indian laws, with Chennai courts holding exclusive jurisdiction.