June 2011 - until further notice

Unless otherwise agreed and confirmed in writing, these terms and conditions of supply, which may be amended from time to time, will apply to all products offered for sale by THE SELLER, his marketing agents, brokers, subsidiaries and commercial partners.

Goods/Products:  All goods/products offered for sale are done so on an EXW (Incoterms 2000) basis in the country notified through our price list and invoice.  Unless stated otherwise in an offer, this is the basis against which the buyer contracts his purchase.

Price Lists/Offers: We take every care when issuing a price list or offer to insure that full up to date information is given with images and specifications where possible.  At times the factories do request we change specification to up graded models. In such instances we will advise you through the email system.  Any buyer already having placed an order will be given the ability to change or cancel his order without penalty.  Any buyer having placed and already paid for his order will be given the ability to change his order or receive a full refund without penalty. All prices quoted are net of vat.

Bid Offers:  Offers that are produced using our “Bid For” facility will require a 30% deposit against our pro-forma invoice if your bid is successful. The balance must be paid on production of our Invoice and before shipping.  Should your bid be successful then in keeping with our terms and conditions, you are obliged to purchase, should the buyer renege at this point then it is agreed that the lodged 30% will become non refundable.

Shipping Dates: Quoted shipping dates are time frames when the goods will be available for collection from the manufacturing unit or storage facility.

Shipping Charges:  Unless otherwise agreed, shipping charges are for the buyers account.  We will assist the buyer in securing the lowest possible quote if requested to do so.

Warranty: Unless stated otherwise in writing, all goods offered for sale are done so exclusive of warranty.

Customer Returns: Goods sold as “customer returns” carry no warranty, even if these goods are new; they are not subject to exchange or credit. It is accepted that customer returns are goods that may at one time have been sold and returned to the retailer/manufacturer or they may be goods that have suffered some form of damage or goods that are new but end of line products.

Payment Terms:  Normal payment terms are “payment in advance” with order and against our invoice.  We do offer a DLC (Documentary Letter of Credit or Commercial Credit) facility as well as PayPal and Credit Card.  Details of all these facilities are available by writing to office@stockassetmanagement.com

Returns Policy: All returns will fall within the warranty sphere for any NEW products where a warranty has been offered by the manufacturer, customer returns are excluded.

Invoicing: A pro-forma invoice will be offered against your purchase order and a final invoice once agreed payment terms have been met.

VAT at the prevailing rate in the UK will be charged to all invoices raised in favour of buyers who’s business is registered in the respected home country.  Sales invoiced to buyers from or outside of the UK  but within the EU will not attract VAT but we will require your EU VAT number on your purchase order. Sales invoiced outside of Poland and the EU will not attract VAT but buyers will need to supply copies of company registration documents or Import documents / permissions.

Grades Explained:     

A GRADE- New unused stock: Please note that in some instances this stock may have been subject to previous distribution to stores within our network and subsequent recall to centralised distribution. A small percentage of packaging may show some signs of transit with the occasional box having been opened. A- GRADE - Customer returns and ex display in virtually "As New" condition & complete with all accessories. B+ GRADE - Customer returns in graded condition with minimal signs of use. Complete with accessories (may not have instruction books) - many in original boxes. B  Grade - Customer returns missing some accessories but working - more visible signs of use. C Grade - UNTESTED RETURNS - This stock comprises of mixed products that are deemed unfit for retail resale without some for of attention. NEW END OF LINE – A Product Line that has been discontinued by the principal but is new and fully functional. NEW PRODUCTION OEM /ODM - Product that is being supplied direct from the factory under OEM/ODM production and sales conditions

 Some manufacturers use grades that are unique to their business

1st CHOICE – Brand New never used product – 100% unmarked – original packaging 2nd CHOICE  – Brand New never used product deemed to have package damage only – original packaging   3rd CHOICE  – Brand New never used product with package damage and or cosmetic damage – original packaging / Foil / Raw DMS/RETURNS – Customer, Warehouse and Factory Returns – may have been used/not used, working / non working – damaged / non Damaged / New / Original Packaging / Foil / Bubble Wrap / Raw . . .

Service  Centre Grades

GRADED -  goods supplied from service centres against this term are goods that have been checked working or repaired working and put into a clean saleable condition. These may be Factory/Warehouse or Customer Returns or a mix of all three. Within this grade itself, product can further be graded as A, B, C especially with small appliances to reflect the following: A GRADE – Retail Outlet/Warehouse returns and ex display in virtually "As New" condition & complete with all accessories – checked working – 85% in original packaging   B GRADE - Retail Outlet/Warehouse returns in graded working and clean condition with minimal signs of use. Complete with accessories – 70% in original boxes.   C GRADE Retail Outlet/Warehouse returns working  - more visible signs of use – 50% in original boxes