PRICES:

All orders are shipped at prices prevailing at time of shipment. In case of any substantial increase in price, we shall notify you prior to shipment of the goods. All prices are FOB Miami, Florida (our warehouse) unless otherwise indicated. Export packing or crating as well as special handling will be charged to the customer .

TERMS:

All goods shall be cash with order. Alternately orders and prices may be secured with a 1/3 deposit in advance. Balance to be paid prior to shipment of your order. All equipment orders are custom built. Cancellation of order will result in the forfeiture of any deposits tendered. Open accounts will be established for parts orders from those firms and individuals which have demonstrated their ability to pay accounts promptly and without delays. Request further information before ordering on an open account basis.

INTERNATIONAL ORDERS:

We accept foreign orders from all over the globe. Unless other payment arrangements are made our terms are confirmed, irrevocable letter of credit or bank wire transfer. Please note that any bank charges which result from your order will be billed to your account. MTE does not pay commissions, bank charges, L/C discrepancy charges for any reason whatsoever. Confirmed irrevocable letter of credits should be payable against any major U.S.A. bank.

RETURNS AND CREDITS:

Merchandise cannot be returned for credit without prior written approval. Requests for return must be made within three days of receipt of merchandise and the returning shipment placed in the hands of the carrier within 7 days after written approval for return is received. All return authorizations are certified. Freight and insurance must be prepaid by the purchaser on all returns regardless of the reason goods are returned. There are no cash refunds . Merchandise credit is the only form of credit offered.

RESTOCKING FEES:

If merchandise is returned and no defect is found, it will be subject to a 25% restocking fee.

MINIMUM ORDER:

Our minimum order is $50.00.

C.O.D. SHIPMENTS, SHIPPING ARRANGEMENTS, FREIGHT FORWARDING, DELIVERY:

No C.O.D. shipments are permitted unless by special arrangement. All costs for transportation of goods ordered are for the account of the buyer.

Magna-Tech reserves the right to make changes in engineering and design.

PAYMENT AND COLLECTIONS:

If collection proceedings are required, the buyer herein shall be responsible to seller for reasonable attorney's fees and court costs incurred plus 1.5% per month (18% per annum) on any unpaid principal balances in the event of a default under the terms of payment herein.