Pricing, terms, and conditions subject to change without notice. Manufacturers, names and model numbers are used for identification purposes only, and we are in no way implying that any of such products are manufactured by the original equipment manufacturer.
TERMS OF PAYMENT
New Customers: New customers will be authorized to purchase on an open account basis by providing sufficient financial information to establish credit. Otherwise, customers may purchase by cash, wire transfer, or letter of credit terms, if and until an open account is approved.
Establishing credit: A recent financial statement, including an income statement and balance sheet from the most recent two-year period may be required with a completed SIMQAM Credit Application. SIMQAM’s accounting department will establish an appropriate credit line after review of these documents and any additional information requested.
Letter of Credit:
Most foreign distributors purchase equipment on a letter of credit basis. If this is required, please request letter of credit issuance instructions from your inside representative at SIMQAM.
Most foreign distributors purchase equipment on a letter of credit basis. If this is required, please request letter of credit issuance instructions from your inside representative at SIMQAM.
Credit Hold:
Customers with unpaid invoices that are past due or who have exceeded their credit limit will be placed on credit hold. SIMQAM will notify customer of any orders that cannot ship due to credit hold. Credit holds can only be released by SIMQAM Accounting Department.
Customers with unpaid invoices that are past due or who have exceeded their credit limit will be placed on credit hold. SIMQAM will notify customer of any orders that cannot ship due to credit hold. Credit holds can only be released by SIMQAM Accounting Department.
Collection:
Past due accounts are subject to an interest charge of 22% per annum.
Past due accounts are subject to an interest charge of 22% per annum.
FREIGHT
All prices quoted are based on ex-works. Freight charges are quoted separately upon request. Freight charges include; inland freight, consolidation if any, ocean and or air freight charges, forwarding & handling plus freight insurance and any other applicable charges.
Claim
All claims for shortage or damages during shipping must be submitted in writing to SIMQAM customer service within 15 days after receipt of goods.
All claims for shortage or damages during shipping must be submitted in writing to SIMQAM customer service within 15 days after receipt of goods.