Limited Liability Warranty
PTC  products are covered by a limited liability warranty from defects in material and workmanship for one year from date of purchase.  This warranty does not apply if, in the judgement of PTC, the product fails due to damage from shipment, handling, storage, accident, abuse or misuse, or if it has been used or maintained in a manner not conforming to product's instructions, has been modified in any way, or has a defaced or removed serial number. Repair by anyone other than PTC or an approved agent voids this warranty. The maximum liability of PTC is the product purchase price.

By submitting a Purchase Order for the purchase of products, Customer acknowledges and agrees to the following terms and conditions:

Orders
Customer will initiate offers to purchase products by the submission of a Purchase Order to Pacific Transducer Corp./PTC Instruments/ PTC Metrology (hereinafter referred to as “PTC”). Purchase Orders will identify the products, unit quantities, part numbers, descriptions, applicable prices and requested delivery dates. All Purchase Orders are subject to PTC’s acceptance, in its sole discretion, according to product availability and these governing Terms and Conditions.

Prices
All prices are set forth in US dollars. All quoted prices are subject to change without notice. Prices charged are those in effect at the time of shipment and Customer agrees to pay such prices, subject to any Customer specific pricing and transaction related charges. Prices may increase before shipment in the event PTC's costs increase. If delivery is delayed at Buyer's request beyond the originally scheduled delivery date, prices are subject to revision.
Products invoiced and held by PTC at Customer's request will be held at Customer's sole risk and expense above and beyond the purchase price, including but not limited to storage and handling charges.

Taxes
Any applicable sales, excise, use or other taxes, duties or fees which PTC may be required to pay or collect, under any existing or future law, upon or with respect to the sale, purchase, delivery, storage, processing, use, consumption or transportation of any products covered hereby, shall be for the account of the Customer, and Customer agrees to pay such amount to PTC upon request in addition to the quoted purchase price.

Terms of Payment
Subject to the approval of Customer's credit by PTC, standard terms of payment is NET THIRTY (30) days from the date of invoice, and payment shall be made as follows:

a. For Customers having an established place of business in the United States (excluding protected territories and possessions) and requesting delivery of product in the United States (excluding protected territories and possessions), Customers may pay by personal/business check, money order, major credit card (MasterCard, Visa, and American Express), Cash on Delivery (C.O.D) or, upon advance qualification, an open account with PTC.

b. For Customers requesting delivery of product to locations outside of the United States, Customers must pay by wire transfer of funds only.   All international orders will be charged a wire transfer fee. If the minimum requirement is not met, a minimum order fee will be charged for the order difference. Normal terms will apply to US companies exporting to foreign countries.

c. For Customers paying by credit card and ordering NCNR (non cancelable, non-returnable) or non-stock items, the credit card will be charged in advanced.

d. For Customers paying by personal/business check, a $25 fee will be charged for returned checks.

Customer will pay the total amount of each invoice from PTC pursuant to the terms of such invoice without offset or deduction. Invoices not paid when due will bear interest to date of payment at the annual rate of eighteen (18%) percent or such lower rate as may be the maximum permitted by law. If Customer fails to make payment when due, PTC may pursue any legal or equitable remedies, in which event PTC will be entitled to reimbursement for costs of collection and reasonable attorneys' fees.

All Customer Purchase Orders are subject to ongoing credit approval by PTC. Customer will submit such financial information as PTC may reasonably require for determination of credit terms. PTC may, at any time or times, suspend performance of any order or require payment in cash, security or other adequate assurance satisfactory to PTC when, in PTC's opinion, the financial condition of Customer or other grounds for insecurity warrant such action. PTC may, at its sole discretion, change theses terms of payment without notice, at any time or times, for all future transactions and require advance payment, security, payment by official bank draft or other approved payment means, as PTC deems appropriate in its sole discretion.

If Customer is in default of any payment, PTC may, in its sole discretion, suspend or cancel delivery of product under any and all Purchase Orders or cancel any and all Purchase Orders, in whole or in part, and Customer shall be liable to pay PTC for products already shipped.

As may be authorized hereunder, payments by check are subject to collection and the date of collection will be deemed the date of payment.

Any payment received from Customer may be applied by PTC against any obligation owing by Customer to PTC under this or any other contract, regardless of any statement appearing on or referring to such check, without discharging Customer's liability for any additional amounts owing by Customer to PTC. The acceptance by PTC of such check will not constitute a waiver or settlement of PTC's right to pursue the collection of any remaining unpaid balance.