Supply & Delivery Terms

A quotation is an invitation to treat and is valid for the period stated on it, or for fourteen days if no period is stated. A contract comes into existence only when a written sales contract is signed by both parties.

The company sells as principal on its own account. It is not the agent of any manufacturer.

Goods are supplied to the written specification in the contract — model or duty, capacity, voltage and frequency, and the standard the equipment must meet in the country of destination.

Where a buyer supplies the specification, the buyer is responsible for its fitness for the intended use and for any approval, licence or homologation required on arrival.

Delivery is on the Incoterms 2020 rule named in the contract — normally FOB at a named port of loading, or CIF / CFR to a named port of discharge. Risk passes as that rule provides.

Delivery dates are estimates given in good faith and depend on the manufacturer’s production schedule and on vessel availability. The company notifies the buyer as soon as it becomes aware of a delay.

The buyer may appoint a third-party inspection agency to inspect the goods before shipment, at the buyer’s cost. The company arranges access and releases the report with the shipping documents.

Where the buyer does not exercise that right, the goods are taken as conforming to the contract specification at the point risk passes.

Title passes when the contract price has been received in full and cleared funds. Until then the goods remain the property of the company, notwithstanding delivery or the passing of risk.

Payment is by telegraphic transfer or documentary letter of credit, in HKD, CNH or USD as the contract states. The company does not pay, and will not accept payment from, a party that is not named in the contract.

Unless the contract provides otherwise, the company presents the commercial invoice, the packing list, the ocean bill of lading, the certificate of origin and — where arranged — the third-party inspection report.

Documents are released against payment terms. They are not released early.

Equipment carries the manufacturer’s warranty on its own terms. The company passes the benefit of that warranty to the buyer and assists in making a claim, but does not give a separate warranty of its own beyond conformity with the contract specification.

Neither party is liable for failure to perform caused by an event beyond its reasonable control, including port closure, export control measures and the imposition of sanctions. If such an event continues for more than ninety days, either party may terminate the affected contract.

Contracts are governed by the laws of Hong Kong, and the courts of Hong Kong have exclusive jurisdiction.