Sale and purchase rules and conditions
1. Subject of Purchase
1.1. The Seller sells, and the Buyer undertakes to purchase and pay for the goods (hereinafter referred to as Goods).
1.2. The range of Goods, quantity, price, payment terms, delivery dates and other essential terms are specified in the invoices, which form an integral part of these Terms and Conditions.
2. Prices and Payment
2.1. The price of the Goods is specified in the invoices issued by the Seller.
2.2. Prices are valid only for the period specified in the invoice and only if the Buyer pays them on time.
2.3. If the Buyer fails to comply with the payment deadlines, the Seller shall have the right to suspend delivery of the Goods and no longer apply the terms and prices specified in the invoice.
2.4. All bank transfer fees shall be borne by the Buyer.
2.5. The payment date shall be deemed to be the date on which the funds are received in the Seller’s account.
3. Delivery
3.1. The Goods shall be delivered in accordance with the terms specified in the invoices.
3.2. Delivery terms shall be applied in accordance with the official international trade terms and conditions „Incoterms“, approved by the International Chamber of Commerce.
3.3. The risk of accidental loss of the goods passes to the Buyer in accordance with the delivery terms.
4. Quality of the Goods and Claims
4.1. The Seller ensures that the Goods are new, free from defects and comply with the requirements established by the manufacturer.
4.2. If a defect is identified, the Buyer must inform the Seller and submit a claim no later than within 7 working days.
4.3. Claims are examined in accordance with the manufacturer’s decision. The Seller is not responsible for the manufacturer’s decisions or the time taken to make them.
4.4. If the claim is deemed justified, compensation may be provided in money, by a discount or by replacing the goods, taking their wear and tear into account.
5. Documents
5.1. The Seller provides a consignment note and a commercial invoice.
5.2. The invoice must specify: the date, number, names of the Seller and Buyer, place of delivery, vehicle registration number, description of the goods, quantity, price, amount, delivery and payment terms.
6. Acceptance of the Goods
6.1. Acceptance of the Goods and confirmation of delivery by quantity are carried out in accordance with the transport documents.
7. Liability of the Parties
7.1. If the Buyer breaches these Rules or the payment terms specified in the invoices, the Seller shall have the right to:
- withhold delivery of the goods until payment has been made in full;
- suspend all further deliveries until the debts have been paid.
7.2. The Buyer must reimburse the Seller for costs incurred due to failure to meet the deadlines, including charges for container or vehicle demurrage, and additional port or diversion fees.
8. Other Provisions
8.1. All matters not covered by these Rules shall be governed by the legislation of the Republic of Lithuania.
8.2. All disputes shall be resolved by the Vilnius Commercial Arbitration Court.
8.3. The Buyer must arrange insurance for the goods at their own expense.