Eurotech Quotation Terms & Conditions

DEFINITIONS

• “Eurotech” refers to Eurotech Distributors, Inc. or any of its worldwide wholly owned subsidiaries.
• “Customer” refers to the entity requesting and receiving this quotation for goods or services.
• “Quote” refers to the pricing, specifications, and terms provided by Eurotech for goods or services.
• “Goods” refers to the components or services specified in the Quote.
• “OEM” refers to Original Equipment Manufacturers
• “MOQ” refers to the minimum order quantity of any given stock item, as determined by Eurotech.

1. QUOTATION VALIDITY
   1.1. Quotes are valid for thirty (30) days from the date of issuance unless otherwise specified.
   1.2. Eurotech reserves the right to withdraw or amend the Quote if material changes in costs, specifications, or market conditions occur, including changes
   in tariffs or trade regulations.
   1.3. Acceptance of the Quote constitutes agreement to these Terms and Conditions.
   
   
2. PRICING AND PAYMENT
   2.1. Prices quoted are in US Dollars and exclude applicable taxes, duties, or tariffs unless otherwise stated.
   2.2. Payment terms will be determined upon credit approval. Factors include trade references and annual volume.
   2.3. Late payments may incur interest at a rate of 1.5% per month or the maximum permitted by law.
   2.4. Eurotech may adjust pricing due to unforeseen increases in costs, including raw materials, labor, or transportation, with prior notice.
   
   
3. TARIFFS AND TRADE COMPLIANCE
   3.1. Prices quoted do not include tariffs, import duties, or other trade-related costs unless explicitly stated.
   3.2. The Customer is responsible for any applicable tariffs or duties imposed on Goods imported into their jurisdiction, including but not limited to tariffs
   under the United States-Mexico-Canada Agreement (USMCA) or other trade agreements.
   3.3. Eurotech will provide necessary documentation (e.g., Certificates of Origin) to support compliance with trade regulations and tariff assessments.
   3.4. In the event of new or increased tariffs (e.g., the 25% tariff on vehicles and components from Canada and Mexico announced by the U.S. in February
   2025, effective April 2025), Eurotech may adjust pricing to reflect such changes, with written notice to the Customer at least fifteen (15) days prior to
   implementation.
   3.5. Customer shall comply with all applicable export control laws, customs regulations, and trade compliance requirements.
   
   
4. DELIVERY AND LOGISTICS
   4.1. Delivery terms are FCA, per Incoterms 2020 unless otherwise agreed in writing.
   4.2. Eurotech will use commercially reasonable efforts to meet delivery schedules but is not liable for delays due to force majeure, supply chain disruptions, or
   tariff-related delays.
   4.3. Just-in-Time (JIT) or Just-in-Sequence (JIS) delivery requirements must be specified in the Quote request and agreed upon in writing.
   4.4. Risk of loss transfers to the Customer upon delivery per the agreed Incoterms.
   
   
5. QUALITY AND COMPLIANCE
   5.1. Goods will conform to specifications outlined in the Quote and meet industry standards (e.g., ISO-9001, IATF 16949).
   5.2. Eurotech warrants that Goods are free from defects in material and workmanship for a period of twelve (12) months from delivery, subject to
   proper use and maintenance.
   5.3. The Customer must notify Eurotech of any non-conformities within ten (10) days of receipt of Goods.
   5.4. Eurotech will be responsible for any associated costs due to quality issues, such as sorting, scrap, or travel by Eurotech personnel to the affected plant.
   5.5. Eurotech will provide quality certifications and documentation as required by the Customer or OEM.
   
   
6. LINE DOWN PREVENTION AND CURE
   6.1. To proactively prevent line down, or production stoppage, situations, Customer agrees to maintain one week’s inventory or MOQ, whichever is
   greater, as safety stock.
   6.2. Eurotech similarly agrees to keep at least 10 days of safety stock at its warehousing location for select high-running parts.
   6.3. Customer shall inform the Eurotech Customer Service Representative of any potential line down situation as soon as they are aware of such situation.
   6.4. If Eurotech is found responsible for the shortage, Eurotech agrees to be responsible for all costs associated with transporting any replacement material
   to the affected plant.
   6.5. Eurotech does not agree to be responsible for Customer’s costs incurred if a line down situation occurs.
   
   
7. INTELLECTUAL PROPERTY
   7.1. Any designs, specifications, or proprietary information provided in the Quote remain the property of Eurotech unless otherwise agreed.
   7.2. The Customer shall not use, reproduce, or disclose such information without prior written consent from the Supplier.
   
   
8. CONFIDENTIALITY
   8.1. Both parties agree to maintain the confidentiality of all pricing, specifications, and other sensitive information exchanged during the quoting process.
   8.2. This obligation survives the termination of the quoting process or any resulting contract.
   
   
9. FORCE MAJEURE
   9.1. Eurotech is not liable for delays or failures to perform due to events beyond its reasonable control, including but not limited to natural disasters, government
   actions, labor disputes, or supply chain disruptions (e.g., semiconductor shortages or port disruptions).
   
   
10. GOVERNING LAW AND DISPUTE RESOLUTION
    10.1. These Terms and Conditions are governed by the laws of the State of Ohio, USA.
    10.2. Disputes arising from the Quote or these Terms shall be resolved through negotiation in good faith. If unresolved, disputes will be submitted to binding
    arbitration in Summit County, Ohio, USA under the rules of the American Arbitration Association.
    
    
11. TERMINATION
    11.1. Either party may terminate the Quote process with written notice if the other party breaches these Terms and fails to remedy the breach within fifteen (15)
    days.
    11.2. Termination does not affect obligations regarding confidentiality or payment for delivered Goods.
    
    
12. MISCELLANEOUS
    12.1. These Terms and Conditions constitute the entire agreement between Eurotech and the Customer regarding the Quote.
    12.2. Amendments to these Terms must be in writing and signed by both parties.
    12.3. The Customer acknowledges that the Supplier may subcontract portions of the work to Tier 2 or Tier 3 suppliers, provided quality and delivery standards
    are maintained.
    
    

By accepting this Quote, the Customer agrees to be bound by these Terms and Conditions.

---