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Terms & Conditions

Quotation Policies

ACCEPTANCE OF QUOTATION

Sales of any goods or any related services (collectively “Products”) referenced in the written Quotation (“Quotation”) is expressly conditioned upon the terms and conditions set forth below. Other than as specifically provided in a separate written agreement between AC SLASHOPT LTD (“Supplier”) and Customer, any additional or different terms specified or referenced in the Quotation are hereby excluded and shall not be deemed effective or binding unless expressly agreed to in writing by an authorized representative of the Supplier. These terms and conditions represent the entire agreement between the Customer and Supplier pertaining to the subject matter of this Quotation and shall supersede all prior oral and written agreements, proposals, communications, and documents.

NO REFUNDS OR CREDITS

Once a quotation is accepted and an order is placed, no refunds or credits will be issued.

PRICES

All prices are subject to change without prior notice. The prices set for in the Quotation (“Price”) are in Euro.

DELIVERY

Supplier’s quoted delivery schedule represents its best estimate and is based on current schedules and workload. Supplier shall have no liability for delay or any damages or losses sustained by Customer as a result of such estimate not being met. Partial deliveries shall be permitted.

PAYMENT

With the acceptance of the Quotation the Supplier shall issue an invoice and the Customer shall pay within 30 days from the date of Supplier’s invoice, unless a different timeframe is specified on the Quotation, Invoice or Order. Supplier reserves the right to assess interest on any late payments from the date due until receipt of payment in full at the maximum rate permitted by law, and to charge Customer for any collection or litigation expenses, including reasonable attorney’s fees incurred by Supplier in the collection of late payment. In addition to any remedies under law, Supplier may at its sole discretion suspend future deliveries or services without prior notice until all delinquent payments due are received. Supplier may require an advance payment or milestone payments prior to beginning performance of the Quotation. All payments hereunder shall be paid without any deductions and/or set-off.

RETENTION OF TITLE

Title to and ownership of the Products shall remain with the Supplier until the Buyer has made full and final payment of all amounts due under this Agreement. Until such payment is received in full, the Supplier shall retain a lien and security interest in the Products, and the Buyer shall not sell, transfer, pledge, or otherwise encumber the Products without the Supplier’s prior written consent.

WITHHOLDING TAXES

Certain countries apply withholding taxes on invoice amounts under their local legislation. Any such withholding tax shall be paid by the client directly to the relevant tax authorities. Under no circumstances shall A.C. Slashopt Ltd bear costs arising from a country’s tax legislation.

FORCE MAJEURE AND EXCUSABLE DELAY

Supplier shall not be liable for any damages of any kind for delayed or non-performance if such delayed or non-performance is due directly or indirectly to:

  • Customer, including omissions or failure to act on the part of Customer or its agents or employees;
  • An Event of Force Majeure, defined herein as including acts of God, acts of public enemies, fires, floods or unusually severe weather conditions, strikes, lockouts, disputes with workmen or other hostilities, embargoes, wars, riots or civil disturbances, epidemics or quarantine restrictions, delays or shortages of transportation, governmental action including the government’s denial or failure to grant an export license or other needed government authorization;

GOVERNING LAW

These Terms and Conditions and any action related hereto shall be governed, controlled, interpreted and defined by and under the laws of the Republic of Cyprus.

MODIFICATION

These Terms and Conditions may be updated at any time without further notification.

SEVERABILITY

If any of these Terms and Conditions are at any time held to be invalid or unenforceable, then such term or condition shall be construed as severable and shall not in any way render invalid or unenforceable the remainder of these Terms and Conditions, which shall remain in full force and effect.

LIMITATION OF LIABILITY

The Supplier’s liability arising out of or in connection with this Quotation, the supply of goods or services, or any breach of contract, shall be limited to the total value of the Quotation. The Supplier shall not be liable for any indirect, incidental, special, or consequential losses, including but not limited to loss of profit, loss of revenue, loss of anticipated savings, loss of business, loss of or damage to goodwill, loss of agreements or contracts, loss of use or corruption of software, data or information including without limitation loss or failure of service resulting from Scheduled Maintenance, malicious acts, misuse or interference, data transmission faults, omission and act of God or downtime costs. Nothing in this term limits any liability which cannot legally be limited, including but not limited to, liability for death or personal injury caused by negligence and fraud or fraudulent misrepresentation.