Each
year every Distributor is allowed an
annual
stock-return of net 2% of the previous
year’s sales. The Distributor must
issue a corresponding offsetting purchase
order for stock at a one-for-one dollar
equivalent exchange, plus:
1.
a 15% net restocking charge
for Standard-Stocked Items
per the Price List,
2.
a 40% net restocking charge
for ‘Non-Stocked’ items
per the Price List, to
be deducted from the
total
credit amount.
Returns must
include only products that are from current
production design, still in new saleable
condition and in full original bag quantities,
(again, where applicable regarding the
Series 6000 Push-to-Connect fittings).
There are no returns allowed
for custom products, or special deliveries
from
Italy. There are no returns allowed
for any Special Production items ending
with a ‘US0..’ or ‘S0..’ suffix.
