1. Freight terms are FOB the shipping point unless noted otherwise and will be added to
2. Return Policy: Merchandise may be returned for full credit within 5 days of date of
receipt. A 15% restocking charge will be assessed all returns not approved by the Shipping
& Receiving Manager. All returns after this period require the approval of the Credit
Manager and will be assessed a 25% restock fee. All returns after the initial 5-day return
period will be given an account credit for purchase of other products. After 45 days no
returns will be accepted. All returned merchandise must be in original saleable condition
with all price tags removed and packaging intact. If you receive a damaged shipment a
claim should be filed with the carrier.
3. Credit privileges will be considered only for those accounts submitting suitable
trade and bank references. Open accounts (deferred) payment terms are for a 1.5% discount
if paid in 10 days of receipt or net payment due in 30 days.(1.5 10 Net 30). All accounts
30 days or older will be assessed a carrying charge of 1. 5% each month (18% per annum)
for all monies due.
4. It is agreed that all invoices rendered to the undersigned will be payable to
Advanced Aquatic Products Int'l, Inc. and that in
the event of default in payment all merchandise may be picked up by Seller or their Agent
without prior notification.
5 . If the account is referred to an attorney for collection, the Undersigned agrees to
pay all costs of collection, including but not limited to, reasonable initial and/or
appellate litigation fees, collection and court costs in addition to the regular account
owed. Title to all goods sold on credit shall remain with the seller until payment of the
full purchase price by Undersigned. When payment is received by check, title shall remain
with the Seller until the check clears the bank and is paid in full.