SHAPII TERMS AND CONDITIONS OF TRADING 

Purchase Order

Order may be placed by phone, followed by a complete written Purchase Order (P.O.) through fax or e-mail.

Mode of Shipment

 FOB Cagayan de Oro City. The goods will be sent through air or sea of any specified vessel stated in the pro-forma.

Pricing Term

 FOB Cagayan de Oro, Philippines

Terms of Payment

  A 50% down payment is required upon sending the P.O.  and 50% balance payment will be given upon delivery of goods. Payment will be made via telegraphic transfer to :

Salay Handmade Products Industries Inc.
Peso Savings Account No. 3054-5940-0025
Dollar Savings Account No. 3054-5940-0033
Philippine National Bank
Limketkai Drive Branch
Cagayan de Oro City, Philippines

OR

Salay Handmade Products Industries Inc.
Rizal Commercial Banking Corporation (RCBC)
Dollar Acct. No. 9011-613435
Peso Acct. No. 7590-278968
Lapasan Branch, Cagayan de Oro City
9000 Philippines

Production of order will commence upon confirmation of the down payment and SHAPII’s POLICY will remain “NO DOWNPAYMENT, NO SHIPMENT”.

For export, if there is any fluctuation of currency resulting to more than 2%, this should be subject to fair negotiation between buyer and SHAPII for either one not to lose.

All goods shall remain as legal property of SHAPII until full payment has been received. However, the risk is passed on to the buyer at the time of dispatch, which is FOB Cagayan de Oro City as stated. If the buyer commits a breach of his obligations to SHAPII, including failure to pay for the goods by the due date, SHAPII shall have the right to make legal actions against the buyer.
The buyer shall notify SHAPII within five (5) days after the receipt of wrong, faulty or damaged goods. Failure to give notice within the agreed period shall render the buyer liable for payment of all the goods as invoiced and the buyer shall have no further right to reject goods or recover any compensation for them. Goods returned shall not then be accepted.

Force Majeure

If SHAPII is prevented from delivery due to causes beyond unreasonable  control, e.g. war, industrial unrest, fire, trade dispute, etc, the pro-forma/contract shall either be fulfilled as soon as circumstances permit, or cancelled, or re-negotiated.

Nature of Products

 The buyer is aware that since each piece of paper is individually handmade, there will be variations with regards to color, size, and texture from time to time which are inherent in the seasonality of the grasses and flowers used throughout the year.

Good Business Relationship

 Both shall manage their personal problems and keep professionalism on top.

No terms or conditions other than set forth above shall be binding on SHAPII and the buyer unless the changes have been set down in writing and signed by the duly authorized by both SHAPII and the buyer.

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