Selling Terms

Order and Line Minimums

Invoice minimum is $40.00 exclusive of freight charges
Line minimum is $10 for stock parts, $40 for items that have to be manufactured.

Set-Up Charges

Each Product Line has, at minimum, 1 compound considered to be a stock standard and as such will not require set-up charges unless customer has special manufacturing or cure date requirements. The Product Lines and their respective stock standard materials are:

Standard O-Rings: 5747 (70 NBR), 9727 (70 Brown FKM), 9746 (70 Black FKM), 19711 (70 Silicone) and 23711 (70 EPDM)
X-Rings: 5716 (70 NBR)
Multiseal® Low Friction Seals: 5716 (70 NBR)
Kurv-Bak™ Hard Rubber Back-up Rings: 5939 (90 NBR)
V-Rings: 5747 (70 NBR) and 5939 (90 NBR)
U-Cups: 5747 (70 NBR) and 3847 (80 NBR) H-Wipers: 3847 (80 NBR)
Rod Wipers: 5939 (90 NBR)
Hol-Mask™ Masking Plugs: 23511 (50 EPDM)
Balls: 5716 (70 NBR)
8-Rings: 55857 (75 HNBR)

Set-Up charges are normally waived when the line amount reaches a predetermined level. The Set-up Charge amount and waiver level varies by Product Line and Compound.

If we have parts on hand and must make new parts due to special customer requirements (cure date, material certifications, etc.), a set-up will apply.

Blanket Orders

Precision Associates accepts Blanket Orders with releases not to exceed one year. We reserve the right to limit the number of releases. In any case, each release must honor our invoice minimum.

Special Requirements

Requirements for Certification, Test Slabs or Buttons, Special Packaging, Color Coding, Cure Date and/or Shelf Life, etc., must be spelled out in complete detail at time of product quotation and at time of order placement.

Cash Terms

Standard terms are Net 30 days. A 1½% Finance Service Charge will be assessed on all unpaid balances 30 days after date of invoice.

F.O.B. Point

All product is shipped F.O.B. our plant in Minneapolis, MN unless specifically quoted otherwise. Customers requiring protection exceeding that provided by carrier are encouraged to purchase freight insurance.

Returned Goods

Merchandise returned for any reason without a Returned Goods Authorization (RGA) number will not be accepted. Precision Associates retains the right to assess a re-stocking fee for nondefective merchandise.

Over / Under Shipments

For items that are not stock standard, we reserve the right to over-ship 10% and under-ship 5%, unless otherwise negotiated.

Claims and Liability

To preserve any claim it may have, buyer shall promptly inspect all material and notify Precision Associates within thirty days of shipment of any non-confirming material. In no event shall Precision Associates have any liability for claims by buyer if suit is not filed within one year of accrual of claim.

Warranty

Precision Associates Inc. warranties that our parts are free of defects in material and workmanship at the time of shipment. We honor this warranty for one year after the date of sale. We do not guarantee fitness for use or any application. Purchaser is responsible for determining suitability of function. Precision Associates, Inc. limits our liability to replacement of defective product, or when necessary, refund of the purchase price and freight costs related to shipment of our product to our customer. Damages exceeding the cost of product and freight are excluded, whether consequential or otherwise and regardless of cause.

Specialty Products

See PAI Specialty Products Selling Terms for additional information about Medical and Perfluoroelastomer items.

SPECIALTY PRODUCTS

Order and Line Minimums

Invoice minimum is $75.00 exclusive of freight charges. Line minimum is $25 for stock parts, $75 for items that have to be manufactured.

Set-Up Charges

Set-Up charges are normally waived when the line amount reaches a predetermined level. The Set-up Charge amount and waiver level varies by Product Line and Compound. If we have parts on hand and must make new parts due to special customer requirements (cure date, material certifications, etc.), a set-up may apply.

Blanket Orders

Precision Associates accepts Blanket Orders with releases not to exceed one year. We reserve the right to limit the number of releases. In any case, each release must honor our invoice minimum.

Special Requirements

Requirements for Mold Validation, Material Conformance Testing, Certification, Test Slabs or Buttons, Special Packaging,
Color Coding, Cure Date and/or Shelf Life, etc., must be spelled out in complete detail at time of product quotation and at time of order placement.

Body Implant

Customer must receive prior permission from Precision Associates and/or our material supplier before using any PAI
products for bodily implant applications.

Over / Under Shipments

For items that are not stock standard, we reserve the right to over-ship 10% and under-ship 5%, unless otherwise
negotiated.

Cash Terms

Standard terms are Net 30 days. A 1½% Finance Service Charge will be assessed on all unpaid balances 30 days after date of invoice.

F.O.B. Point

All product is shipped F.O.B. our plant in Minneapolis, MN unless specifically quoted otherwise. Customers requiring protection exceeding that provided by carrier are encouraged to purchase freight insurance. Returned Goods Merchandise returned for any reason without a Returned Goods Authorization (RGA) number will not be accepted. Non- defective merchandise will not be accepted without prior permission and only if it is in the original sealed packaging. Precision Associates retains the right to assess a re-stocking fee for non-defective merchandise.

Warranty

Precision Associates Inc. warranties that our parts are free of defects in material and workmanship at the time of shipment. We honor this warranty for one year after the date of sale. We do not guarantee fitness for use or any application. Purchaser is responsible for determining suitability of function. Precision Associates, Inc. limits our liability to replacement of defective product, or when necessary, refund of the purchase price and freight costs related to shipment of our product to our customer. Damages exceeding the cost of product and freight are excluded, whether consequential or otherwise and
regardless of cause.

Tooling Policy

This document describes various types of charges for Molds and/or Tooling along with Precision Associate’s policy regarding the use of each type. A description of each transaction is provided along with examples. The items shown below in bold capitol letters are examples of how the charge for tooling will appear on quotations, invoices, and shipping papers.

Full Tool Charge, Custom Parts – TOOL CHARGE, FULL

  • Mold is the property of, and is reserved for the sole use of, the customer buying the Mold and/or its designee.
  • PAI will request written confirmation of permission to use mold for any designee company.
  • PAI will provide regular care and maintenance of the mold and will be responsible for any repairs to the mold due damages caused by our negligence.
  • The Mold Owner will be responsible for the cost of maintaining and/or replacing the mold when we are unable to produce acceptable parts due to normal wear and tear.

Partial Tool Fee, Custom (Proprietary) Parts – TOOL FEE, PROPRIET

  • Mold is reserved for the sole use of the customer paying the fee and/or its designee.
  • PAI will request written confirmation of permission to use Mold for any designee company.
  • PAI retains title to Mold.
  • PAI maintains the Mold as long as it is in regular use. After 5 years of non-use, the MOLD status will be evaluated by PAI for recycling or repurposing. Normal effort to contact the customer for input will be done before this takes place.

Partial Tool Fee, Catalog Items – TOOL FEE, PARTIAL

  • Used to offset some of PAI’s cost for a standard item that is expected to have demand too small to justify PAI paying for full cost of a production mold.
  • PAI retains title to Mold and will maintain, replace, and/or upgrade it as long as there is demand for product
  • Item will be included in PAI Catalog and is available for use by the public

Non-Recurring Set-up Charge, Custom Items – NRSUC

  • One-Time charge for fixturing or other equipment
  • Any device or fixtures manufactured remain the property of PAI unless specifically agreed to at time of purchase order
  • This document is effective as of March 1, 2012. Any catalog items invoiced prior to this date will be treated as if they were “TOOL FEE, PARTIAL”.

Proprietary Information Policy

All Drawings, Specifications, and Customer Part Numbers provided by customers are considered proprietary to the customer providing the information.

Precision Associates will not reveal any information contained on any customer provided documents that contain trade secret information except as necessary to produce product acceptable to the customer. Exceptions include PAI material vendors, etc.

Any request for information, quotation, or purchase, by another customer or potential customer using Part Numbers or Specification Numbers provided by the original customer will be denied.

Precision Associates reserves the right to sell identical or similar items (Mold & Compound) to a second customer, provided the second customer supplies enough information so that PAI would be able to manufacture that item without prior knowledge.

Example Scenarios

All Products – Customer 2 asks to purchase PAI product referencing only Customer 1’s P/N. PAI will not sell the item to customer 1 unless written permission from customer 1 is obtained.

Catalog Items – Customer 2 provides PAI Product Number and/or Dimensional data plus a compound number and/or a complete material description. PAI will sell Customer 2 the item similar to item purchased by customer 1.

Custom Items – Customer 2 provides Fully Dimensioned Drawing and/or Sample Part plus a PAI compound number and/or a complete material description. PAI will sell Customer 2 item similar to item purchased by customer 1, provided Customer 2 pays Tooling Fee for appropriately sized production mold. (see also proprietary compound)

Proprietary Compounds, Customer Developed – PAI will occasionally use customer supplied compound or a customer provided recipe to produce rubber compounds. PAI will not sell these materials to anyone else without written consent of the customer that provided the original information. PAI does reserve the right to produce compounds with similar physical properties, provided a second customer approached PAI with a similar material specification requirement.

Rubber Compounds, PAI developed – PAI retains full rights to most compounds developed by us or by our agents. These recipes are typically trade the secret property of PAI and will not normally be divulged to customers or others except in the case of 3rd party certification, etc. In some very special cases, PAI will reserve the use of a compound for a specific customer. In such case, a proprietary compound number will be assigned to said compound. The item will not go into our catalog and will not be available for other companies without the written consent of the original customer.

This policy may be superceded by individual agreements between Precision Associates and customer companies.