Eurotech Quotation Terms & Conditions

DEFINITIONS

- “Eurotech” refers to Eurotech Distributors, Inc. or any of its worldwide wholly owned subsidiaries.
- “Customer” refers to the entity requesting and receiving this quotation for goods or services.
- “Quote” refers to the pricing, specifications, and terms provided by Eurotech for goods or services.
- “Goods” refers to the components or services specified in the Quote.
- “OEM” refers to Original Equipment Manufacturers
- “MOQ” refers to the minimum order quantity of any given stock item, as determined by Eurotech.

QUOTATION VALIDITY

1.1. Quotes are valid for one hundred eighty (180) days from the date of issuance unless otherwise specified.

1.2. Eurotech reserves the right to withdraw or amend the Quote if material changes in costs, specifications, or market conditions occur, including changes
in tariffs or trade regulations.

1.3. Acceptance of the Quote constitutes agreement to these Terms and Conditions.
PRICING AND PAYMENT

2.1. Prices quoted are in the currency specified and exclude applicable taxes, duties, or tariffs unless otherwise stated.

2.2. Payment terms will be determined upon credit approval. Factors include trade references and annual volume.

2.3. Late payments may incur interest at a rate of 1.5% per month or the maximum permitted by law.

2.4. Price and lead time adjustments may be made related to, but not limited to, tariffs, supply chain, and global market instabilities.
TARIFFS AND TRADE COMPLIANCE

3.1. Prices quoted do not include tariffs, import duties, or other trade-related costs unless explicitly stated.

3.2. The Customer is responsible for any applicable tariffs or duties imposed on Goods imported into their jurisdiction, including but not limited to tariffs
under the United States-Mexico-Canada Agreement (USMCA) or other trade agreements.

3.3. Eurotech will provide on request necessary documentation (e.g., Certificates of Origin) to support compliance with trade regulations and tariff assessments.

3.4. In the event of new or increased tariffs (e.g., the 25% tariff on vehicles and components from Canada and Mexico announced by the U.S. in February 2025, effective April 2025), Eurotech may adjust pricing to reflect such changes, with written notice to the Customer at least fifteen (15) days prior to implementation.

3.5. Customer shall comply with all applicable export control laws, customs regulations, and trade compliance requirements.
DELIVERY AND LOGISTICS

4.1. Delivery terms are EXW (ExWorks), per Incoterms 2020 unless otherwise agreed in writing.

4.2. Eurotech will use commercially reasonable efforts to meet delivery schedules but is not liable for delays due to force majeure, supply chain disruptions, or customs-related delays.

4.3. Just-in-Time (JIT) or Just-in-Sequence (JIS) delivery requirements must be specified in the Quote request and agreed upon in writing.

4.4. Risk of loss transfers to the Customer upon transfer of title.
QUALITY AND COMPLIANCE

5.1. Goods will conform to specifications according to the part number outlined in the Quote and meet industry standards (e.g., ISO-9001, IATF 16949).

5.2. Eurotech affirms that Goods are free from defects in material and workmanship in accordance with related product specifications and technical data sheets, subject to proper use and maintenance.

5.3. The Customer must notify Eurotech of any non-conformities in writing upon receipt and inspection of Goods.

5.4. Eurotech’s liability for non-conforming Goods is strictly limited to repair or replacement. In no event shall Eurotech be responsible for third-party costs, sorting fees, or travel expenses unless expressly agreed upon in writing.

5.5. Eurotech will provide quality certifications and documentation as required by the Customer or OEM.
INVENTORY PLANNING

6.1. Eurotech shall plan and maintain inventory in accordance with the Customer’s written forecast provided for planning purposes only. Eurotech assumes no liability for any supply shortages, production disruptions, premium freight, or other costs arising from forecast inaccuracies, revisions, demand fluctuations, or volumes exceeding the forecast.
6.2. Eurotech shall not be liable for any costs, losses, or damages arising from or related to material shortages, including but not limited to line stoppages, production downtime, premium freight, or any associated expenses incurred by the Customer or third parties.

6.3. Customer shall inform the Eurotech Customer Service Representative of any potential material disruption situation as soon as they are aware of such situation.
INTELLECTUAL PROPERTY

7.1. Any designs, specifications, or proprietary information provided in the Quote remain the property of Eurotech unless otherwise agreed.

7.2. The Customer shall not use, reproduce, or disclose such information without prior written consent from the Supplier.
CONFIDENTIALITY

8.1. Both parties agree to maintain the confidentiality of all pricing, specifications, and other sensitive information exchanged during the quoting process.

8.2. This obligation survives the termination of the quoting process or any resulting contract.
FORCE MAJEURE

9.1. Eurotech is not liable for delays or failures to perform due to events beyond its reasonable control, including but not limited to natural disasters, government actions, labor disputes, or supply chain disruptions (e.g., semiconductor shortages or port disruptions).
GOVERNING LAW AND DISPUTE RESOLUTION

10.1. These Terms and Conditions are governed by the Eurotech entity’s jurisdiction.

10.2. Disputes arising from the Quote or these Terms shall be resolved through negotiation in good faith. If unresolved, disputes will be submitted to binding arbitration.
TERMINATION

11.1. Either party may terminate the Terms and Conditions of the Quote with written notice if the other party breaches these Terms and fails to remedy the breach within fifteen (15)
days.

11.2. Termination does not affect obligations regarding confidentiality or payment for delivered Goods.
MISCELLANEOUS

12.1. These Terms and Conditions constitute the entire agreement between Eurotech and the Customer regarding the Quote.

12.2. Amendments to these Terms must be in writing and signed by both parties.

12.3. The Customer acknowledges that the Supplier may subcontract portions of the work to Tier 2 or Tier 3 suppliers, provided quality and delivery standards are maintained.

By accepting a Quote from Eurotech, the Customer agrees to be bound by these Terms and Conditions.