QUOTATIONS
The prices, quantities and delivery time stated in any quotation are not binding on the Company. They are estimates only which the Company will make reasonable efforts to achieve. All testing services rendered by 1st Components Test lab shall be conducted according to the specific test conditions and specifications.
ORDERS
Orders will be deemed to have been placed when a signed Purchase Order has been received from the responsible executive of the client company before any work can be commence.
TIMETABLE
The Company will use its best knowledge to complete services within the quoted time.
RISK OF LOSS
Client will be responsible any loss or damage of the Goods.
PAYMENTS
New clients or clients without terms may be expected to pay in advance for their services. The Company issued invoices shall be paid by the Client within thirty (30) days of the date of invoice unless otherwise agreed in writing. In the event invoices are not paid for more than 60 days after the invoice date, a surcharge of 5% will be applied to the outstanding invoice amount. If an invoice is disputed the Client shall inform the Company of the grounds for such dispute within seven (7) days of delivery of the goods. The Company shall pay the value of the invoice less the disputed amount in accordance with these payment terms. Once settlement of the dispute has been agreed, any sum then outstanding shall also be payable in accordance with these payment terms. The Company reserves the right to increase a quoted fee in the event that the client requests a variation to the work agreed.
CANCELLATION
In view of the nature of the service, any order – once confirmed by the Company – is not cancellable. Cancellation of the Order by the Client will only be accepted on condition that any costs, charges and expenses already incurred will be reimbursed to the Company forthwith.
DELIVERY
The majorities of services as supplied by the company are dispatched electronically by email and shall be deemed as having been delivered when the email has been opened by the client.
NOTICE
All written notices to be served on or given to the client shall be sent or delivered to the client’s principle place of business and shall be treated as having been given upon receipt.
LOSS OR DAMAGE of SUPPLIES
The Company will take all reasonable steps to ensure the protection from loss, damage or destruction of the serviced materials it supplies to the Client or which will be received from the Client.
CONFIDENTIALITY
Both parties shall maintain strict confidentiality and must not disclose to any third party any information or material relating to the other or the other’s business which comes into that party’s possession and shall not use such information and material without written permission by the other party. This provision shall not, however, apply to information or material which is, or becomes, public knowledge by means other than by breach by a party to this clause.
INTELLECTUAL PROPERTIES
All testing equipment, methods, designs, concepts, inventions, processes, trade secrets, proprietary information and know-how, uses, and/or applications used or useful in the delivery of the Services, whether patentable or not, is the property of 1ST Components Test Lab ("1STT Components Test Lab Intellectual Property"). Client may not use or register any name, trademark or service mark of 1STT Components Test Lab
LIMITATION OF LIABILITY
The Company shall not be liable for any claim arising out of the performance, testing or results of testing for any special, indirect, economic or consequential loss or damage howsoever arising or howsoever caused (including loss of profit or loss of revenue) whether from negligence or otherwise in connection with testing.
FORCE MAJEURE
The Company will not be liable to the Client for any loss or damage suffered by the Client as a direct result of the Company or the list-owner from whom the sample or other service or material is derived being unable to perform the Contract in the way agreed by reason of cause beyond its control including Act of God, accident, war, riot, lockout, strike, flood, fire, power failure, breakdown of plant or machinery, delay in transit, postal delay, or any other unexpected or exceptional cause or circumstance.
GOVERNING LAW
These Terms of Trading shall be subject to and construed in accordance with the laws of China and the parties hereby submit to the exclusive jurisdiction of the Chinese courts. | 
