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Standard Terms and Conditions

Viking Electric Supply Inc Standard Terms and Conditions of Credit Sale

The following terms and conditions will govern purchases:

  1. All orders are subject to acceptance by Viking, in its sole discretion;
  2. Prices are subject to change without notice, unless otherwise stated;
  3. All payments on account must be made within the discount period stated on each invoice in order to earn cash discounts that may be offered by Viking;
  4. Accounts automatically become past due if not paid within the term stated on the invoice;
  5. Viking will charge a service charge of 1.5% per month (18.0% per annum), or the maximum legal rate, whichever is less. The service charge will be assessed on the past due portion of the account. In the event that outside collections efforts are necessary, the undersigned hereby agrees to pay reasonable collection costs, disbursements and attorney’s fees;
  6. Purchaser agrees to pay all taxes, and Purchaser acknowledges that the prices quoted do not include any taxes;
  7. Purchaser acknowledges that all claims for shortages (other than those in transit) must be made within five (5) days after receipt of shipment or any claim for shortages is waived;
  8. Purchaser agrees that receipt of any invoice setting forth the amount owed Viking represents an account slated unless, within thirty (30) days of receipt of the invoice, Purchaser objects to the invoice in writing and said written objection is delivered to Viking;
  9. Viking shall not be held responsible or held liable for damages resulting from causes beyond its control or caused by fire, flood, accidents, delay in transit, labor difficulty, inability of our normal sources of supply to ship, any law, act or regulation of any government body;
  10. Products sold by Viking are warranted only to the extent of any applicable manufacturer’s warranty;
  11. Viking reserves the right to limit or deny the extension of credit to Purchaser at its sole discretion and without recourse to the Purchaser and without notice to the Purchaser.

VIKING ELECTRIC MAKES NO WARRANTIES REGARDING THE PRODUCTS IT SELLS, EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, AND ALL SUCH WARRANTIES ARE HERBY DISCLAIMED, EXCLUDED, AND REVOKED.

PURCHASER ACKNOWLEDGES AND AGREES THAT VIKING’S LIABILITY FOR ANY REASON, INCLUDING, WITHOUT LIMITATION, NEGLIGENCE OR STRICT LIABILITY, SHALL NOT INCLUDE SPECIAL, CONSEQUENTIAL OR INCIDENTAL DAMAGES AND SHALL BE LIMITED TO THE COST OF THE PRODUCTS SOLD BY VIKING GIVING RISE TO THE PARICULAR CLAIM.

Terms or conditions of any purchase order form issued by the purchaser, which are in addition to, modify or are inconsistent with the Viking’s Terms and Conditions will not be binding upon Viking unless agreed to in a separate writing executed by an officer of Viking.

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