General Terms and Conditions for the Supply of Products
Applicable for all contracts closed with Swissbit North America
Status: December 9, 2020
1.1 The following Terms and Conditions shall be binding for all sales of Goods by Seller, unless expressively excluded by Seller. Offers to sell Goods from Seller to Buyer, irrespective whether in response to a purchase order or a request of quotation, is conditioned on Buyer’s acceptance of these Terms and Conditions. Placing an order, accepting an offer, or receiving a delivery shall be construed as acknowledgment and acceptance of these Terms and Conditions. Terms and conditions of the Buyer that diverge from the following Terms and Conditions shall not be binding unless and only to the extent they have been expressly accepted by Seller in writing.
1.2 If Seller’s Goods include any standard software which is available on the market, including related documentation, the relevant terms of delivery and licensing conditions of the third-party suppliers concerned shall apply exclusively when Buyer has had the possibility to take notice of their content.
1.3 As used herein, the term “Seller” shall apply to Swissbit North America Inc., the term “Goods” shall refer to any and all products or services purchased from Seller, and the term “Buyer” shall refer to the purchaser of Goods from Seller.
1.4 Seller’s Terms and Conditions may be revised from time to time. Any ongoing contract, order or delivery will be governed by the Terms and Conditions in place at the time said contract was executed or acceptance of order occurred.
2. Contracts and Advertising Prospectuses
2.1 Except as provided otherwise, advertising prospectuses and catalogues are for informative purposes only and are not intended to be binding commitments of Seller’s products. Data contained in technical documents shall be binding only if expressly guaranteed.
2.2 Offers that do not stipulate an acceptance period shall not be binding.
3.1 Except as provided otherwise, Seller’s prices are deemed to be in US Dollars. For deliveries made to Buyers, prices applied are prices ex works (i.e. EXW respective stock location in Germany) pursuant to INCOTERMS 2010, excluding federal, state and local sales, use, excise and similar taxes and charges, which shall be the responsibility of the Buyer.
3.2 If determination of Seller’s prices was based on costs and fees that are beyond Seller’s control (including currency parities or governmental taxes, charges, fees, customs duties, market price of components, parts, raw materials, costs for testing and security expenses, etc.) and increase between submission of the offer and the contractually agreed delivery date, the Seller shall be entitled to adjust these prices and other terms of supply accordingly. Seller will provide prior notice to Buyer before applying revised prices.
3.3 Seller shall obtain trade credit insurance for Buyer’s order(s). Seller may reject any order, withdraw from any contract and withhold any delivery to the extent Seller is not able to obtain a trade credit insurance covering the order(s) or outstanding deliveries without any liability for the Seller.
3.4 Prices in order confirmations are applicable for Goods and quantities specified in the order. Changes in quantities and Goods will result in changes of prices.
4. Terms of Payment
4.1 Except as provided otherwise, Seller’s invoices shall be due for payment immediately and shall be settled no later than 10 days from the date of invoice, without any cash discount or other deduction allowed. Payments shall be made into any one of Seller’s bank accounts shown on Seller’s invoice(s), matching the invoiced currency. Payment shall be deemed to have been effected as soon as the amount due has been put to the credit of any one of Seller’s accounts in the currency shown on the invoice and is at Seller’s free disposal. Discounting or offsetting of such claims against counter-claims raised by Buyer is not admissible.
4.2 If Buyer is in default with respect to the agreed terms of payment, it shall be liable, without notice, to pay default interest at the maximum legal limit allowed from the 11th day after the date of invoice.
5. Designs & Technical Documents
Each party reserves all rights with respect to designs, documents and software handed over to the other party. The receiving party acknowledges these rights. Subject to the previous and to explicit authorization in writing by the other party, the receiving party shall not make such designs, documents and software accessible to any third parties and shall use them exclusively for the purpose for which it has received.
6. Reservation of Title
6.1 Seller shall remain the owner of all Goods delivered by Seller until Seller has received payment in full of the agreed amount. On conclusion of the contract, Buyer authorizes Seller to reserve title pursuant to the laws of the countries concerned, in the public registers kept for this purpose by the competent authorities of the respective countries, and to complete all relating formalities.
6.2 Until paid in full Buyer shall, at its sole expense, maintain the Goods, and obtain all necessary insurance to protect Goods against theft, loss, fire, water and other risks, and shall store Seller’s Goods separated from materials and goods belonging to Buyer or a third party, and shall take all further measures to ensure that Seller’s title is not prejudiced in any way whatsoever.
6.3 All benefit and risk of loss shall pass to Buyer when Goods leave Seller’s facility and are delivered to the carrier. If delivery is postponed at Buyer’s request, or delayed for any reason beyond Seller’s control, the risk of loss shall pass to Buyer at the time the delivery of Goods was originally scheduled to leave Seller’s facility. Thereafter, Goods shall be stored and insured for the account and at the risk of Buyer. Retention of title shall in no way affect the risk of loss after delivery to carrier.
6.4 Processing and conversion of purchased Goods shall be conducted in the name of and on behalf of Seller. Seller’s right to the Goods shall continue on processed and converted item(s). If Goods are processed with other items not belonging to Seller, Seller acquires co-ownership of the new item in the ratio of objective value of Seller’s Goods to the other processed items at the time of processing. The same applies in case Seller’s Goods are mixed with or integrated into other items. If mixing or integrating takes place in such a way that Seller’s Goods are to be considered the main component, it is agreed that Buyer transfers to Seller a proportionate co-ownership.
7. Delivery Period
7.1 Provided all administrative formalities have been completed and complied with the agreed delivery period shall start on receipt of a written order whose technical and commercial aspects shall have been clarified. The delivery period shall be deemed to have been observed if, on its expiration, delivery has been effected, or Buyer has been informed that the supplies are ready for delivery.
7.2 Seller reserves the right to adjust delivery dates for any portion of the order, if necessary. In such case Seller will give notice to Buyer listing adjusted delivery dates.
7.3 A reasonable delay is not considered reason to terminate the order or claim damages.
7.4 If Buyer fails to comply with the terms of payment, Seller shall be entitled to withhold delivery of Goods without any liability to Buyer until all outstanding debits are fulfilled. In such circumstances, the delivery period starts anew when full payment has been received.
8. Inspection, Acceptance & Rejection of Goods, Claim Notification
8.1 Each delivery shall be inspected by Seller to the extent customary before leaving Seller’s facility. If Buyer requires additional inspection, such shall be agreed to under a separate agreement, and shall be conducted at Buyer’s expense.
8.2 Buyer shall inspect Goods received within ten (10) days after delivery of Goods to the first destination Goods are available for Buyer’s inspection. Buyer shall notify Seller immediately in writing in the event defects exist. Failure to notify Seller in writing of any defects constitutes acceptance of the Goods. Any other claim respecting the condition of Goods, compliance with specifications, or other defects that would not be recognizable during inspection must be made no later than ninety (90) days after such has come to Buyer’s attention. All claims must be made only for substantial cause, be in writing, must specify the reason(s) for the claim, and must follow the RMA procedure of Seller. Failure to notify Seller of any claim within the time period specified in this Section shall constitute a waiver and shall bar any claim.
8.3 If any Goods should arrive at Buyer’s destination in a damaged condition or should a shortage exist, the damage or shortage shall immediately be reported to the delivering carrier and Seller. In case of damaged Goods, a joint inspection of the loaded carrier shall be arranged with representatives of the carrier and Seller. Where the carrier’s equipment cannot be held for inspection, Goods shall be unloaded, protected and held for joint inspection, and shall be documented in detail by photograph. Before unloading, the alleged damage or shortage shall be noted on the carrier’s delivery receipt and signed by the carrier’s agent.
8.4 Buyer shall set aside, protect, and hold any Goods subject to a claim without further processing until Seller has an opportunity to inspect such Goods, and has advised Buyer of the disposition of the Goods. No Goods, in any event, shall be returned without first obtaining written consent from Seller. No allowance will be made to Buyer for storage, materials or labor involved in the movement of rejected Goods from the facility of Buyer, Buyer’s processor or Buyer’s storage facility.
8.5 Seller shall remedy defects/deficiencies that have been notified pursuant to Section 8.2 above, at Seller’s discretion, either by consignment of replacement Goods, issuing of credit note or via repair of the damaged Goods, as soon as reasonably possible. Buyer shall grant Seller reasonable time and opportunity for subsequent remedial action. Insofar as defective Goods have to be replaced, such defective Goods shall pass into Seller’s ownership.
8.6 If Buyer requests deferral of shipment, fails to accept shipment, fails to pick up Goods, or otherwise fails to provide information, material or documentation necessary for delivery of Goods, and as a result Goods are placed in storage, Seller may charge Buyer reasonable storage fees commencing five (5) days after Seller’s notice to Buyer of the availability of Goods.
9.1 Goods shall be manufactured pursuant to Seller’s standard manufacturing variations and tolerances. Warranty is only granted to the original Buyer having procured the Goods from Swissbit AG, its affiliates or authorized distributors. The warranty is non-transferrable. Save as expressly provided otherwise, the warranty period (period of guarantee) is defined as follows:
INDUSTRIAL GRADE USING SLC
|FIVE (5) YEARS OR WHEN ENDURANCE LIMIT IS REACHED, WHICHEVER OCCURS FIRST||The “ENDURANCE” is specified in “TBW” and “Terabyte Written Limit”.
This value is strongly dependent on the application type, the preconditioning and usage of the drive. Swissbit guarantees TBW values for defined workloads consistent with industry-wide standards (JEDEC standard definition) and generally refers to total possible terabytes written over the life of the drive. The TBW or Program/Erase Cycles for each product is set forth in the applicable Published Specifications. For workloads that differ from the specified conditions the guaranteed TBW value is reached when 100% of the respective P/E cycles are reached.
INDUSTRIAL GRADE USING MLC
|THREE (3) YEARS OR WHEN ENDURANCE LIMIT IS REACHED, WHICHEVER OCCURS FIRST|
ENTRY LEVEL SSD WITH COMMERCIAL GRADE 3D NAND TLC ARCHITECTURE:
|TWO (2) YEARS OR WHEN TBW LIMIT IS REACHED, WHICHEVER OCCURS FIRST|
EMBEDDED STORAGE COMPONENTS: