1. Except
as otherwise agreed in a writing signed by Buyer and Nucor, the applicable
Nucor sales order acknowledgement, together with these terms and conditions
constitute the entire agreement between Nucor and Buyer relating to the sale of
such goods by Nucor. Terms or
conditions contained in any document issued by Buyer that in any manner purport
to alter, modify, change, suspend, or add to
any term or condition contained herein shall be deemed excluded from such Buyer
document and waived by Buyer. Nucor and Buyer expressly agree that Nucor may
modify these terms and conditions from time to time, and such modifications
shall be binding upon Buyer.
2. Prices
are effective on the date shown on the most recent price list or price change
notification letter of Nucor.
Changes in price lists supersede all previous price lists. Prices are
subject to change without notice. Nucor
may in its sole discretion add a surcharge to the price of goods predicated
upon increases in the cost of raw materials or energy. Such
surcharge may be adjusted by Nucor periodically to reflect a change in such
costs. All orders are received,
approved, and accepted at Nucor Fastener Division.
3. Buyer
cannot modify, cancel or otherwise alter orders after goods are in process
without Nucor’s written consent. Any
such cancellation, modification, or alteration shall be subject to conditions
as negotiated at such time, which shall include protection of Nucor against
loss.
4. All
deliveries are EXW (Incoterms 2000) Nucor shipping facility, freight prepaid or
freight collect to destination. If
shipped freight prepaid, the charge for freight will be added to the invoice. Neither
freight charges nor tax is subject to any discount. Risk
of loss or damage in transit shall be borne by Buyer, and claims shall be made
directly with carrier. Buyer may
pick up the goods at Nucor’s shipping facility provided Buyer does so within 10
days after the date Buyer is notified of the availability of goods.
Nucor reserves the right to ship without further notification at any time after the 10-day period. Buyer
shall indemnify and hold harmless Nucor from and against any claims, damages or
liabilities suffered by Nucor resulting from any acts or omissions of carrier.
5.
Delivery dates are approximate. Nucor
shall not be responsible for non-shipment of goods or delays in delivery or
performance due to causes beyond its reasonable control, including, but not
limited to, acts of God; acts of Buyer; strikes or other labor disturbances;
Nucor’s inability to obtain, or material increases in the cost of, fuel, raw
materials or parts; delays in transportation; repairs to equipment; fires; or
accidents. Acceptance of goods
upon delivery shall constitute a waiver by Buyer of any claim for damages on
account of non-shipment or delays in delivery or performance.
6. SUBJECT
TO STANDARD MANUFACTURING VARIATIONS, NUCOR WARRANTS THAT THE GOODS FURNISHED
HEREUNDER SHALL MEET SPECIFICATIONS SET FORTH ON THE FACE OF THE APPLICABLE
NUCOR SALES ORDER ACKNOWLEDGEMENT. NUCOR
MAKES NO OTHER WARRANTIES, EXPRESS OR IMPLIED, AND SPECIFICALLY EXCLUDES ALL
WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE.
7. No
claim for damages for goods that do not conform to specifications will be
allowed unless Nucor is given immediate notice after delivery of goods to the
first destination to which they are shipped and allowed an opportunity to
inspect them. Goods for which
damages are claimed shall not be returned, repaired, or discarded without
Nucor's written consent.
BUYER'S EXCLUSIVE REMEDY AGAINST NUCOR, AND NUCOR'S SOLE OBLIGATION, FOR ANY AND ALL CLAIMS, WHETHER FOR BREACH OF
CONTRACT, WARRANTY, TORT (INCLUDING NEGLIGENCE), OR OTHERWISE, SHALL BE LIMITED
TO NUCOR'S REPLACING GOODS THAT DO NOT CONFORM TO SPECIFICATIONS OR, AT NUCOR'S
OPTION, REFUNDING THE PURCHASE PRICE. IN
NO EVENT SHALL NUCOR HAVE ANY LIABILITY FOR DAMAGES IN AN AMOUNT EXCEEDING THE
PURCHASE PRICE OF THE GOODS SOLD HEREUNDER, NOR SHALL NUCOR HAVE ANY LIABILITY
FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES.
8. Payment
terms are 0.5% discount if paid within 10 days of invoice date, net 30 days. Freight
charges are not subject to discount. Nucor
may, at its option, suspend performance if in its opinion the credit of Buyer
becomes impaired until such time as Nucor has received full payment or
satisfactory security for deliveries made and is satisfied as to Buyer’s credit
for future deliveries. If Buyer
fails to make payment in full or refuses satisfactory security, then Nucor
shall have the right to enforce payment of the full purchase price for goods
already delivered or in process, and may either cancel the unfinished portion
of the order, or may proceed with the order, in which latter case, Nucor shall
be entitled to such extension of time for performance as is necessitated by the
suspension.
9. All
taxes of any kind levied by any federal, state, municipal or other governmental
authority, which tax Nucor is required to collect or pay with respect to the
production, sale, or shipment of goods sold to Buyer shall be the
responsibility of Buyer. Buyer
agrees to pay all such taxes and further agrees to reimburse Nucor for any such
payments made by Nucor.
10. Checks
or payments, whether full or partial, received from or for the account of
Buyer, regardless of writings, legends, or notations upon such checks or
payments, or regardless of other writings, statements, or documents, shall be
applied by Nucor against any amount owing by Buyer with full reservation of all
of Nucor's rights, without an accord and satisfaction of Buyer's liability.
11. In
the event Buyer fails to make payment to Nucor, or any affiliate of Nucor, of
any amounts due and owing to Nucor or such affiliate (including any applicable
surcharge or freight charge), Nucor shall have the right to terminate any Buyer
order or any unfulfilled portion thereof, and Nucor or any affiliate thereof
may terminate any other agreement between Nucor or such affiliate and Buyer. Nucor
may charge interest on the outstanding balance at an annual rate of 12% or the
highest rate allowed by law (whichever is less). Nucor
shall have the right to employ an attorney to collect the balance due, and
Buyer agrees to pay all collection costs incurred by Nucor, including its
reasonable attorneys’ fees.
12. This
agreement shall be governed by the laws of the state in which Nucor’s shipping
facility is located. Buyer, acting
for itself and its successors and assigns, hereby expressly and irrevocably
consents to the exclusive jurisdiction of the state and federal courts of that
state for any litigation which may arise out of or be related to this
agreement. Buyer waives any
objection based on forum non conveniens
or any objection to venue of any such action.
13. Nucor
reserves the right to enforce these terms and conditions at any time and none
shall be deemed waived unless such waiver is in writing signed by a duly
authorized officer of Nucor.
All rights and remedies granted herein are in addition to all remedies
available at law or in equity.