Electronic Signature & Issuance: It is the desire and intent of Porticos (Purchaser) and Supplier (Seller) to use electronic transactions as the preferred means of communication and conducting business together during the performance period of this Purchase Order (Order). By affixing the Porticos representative’s signature on the face of this order, Porticos has created an electronic signature and signed this Purchase Order. Supplier shall regard such electronic signature as contractually binding and with the same force and effect as a signed paper document.
Price & Terms of Payment: The payments terms governing this Order shall be shown on the face of this Order. The time in connection with any payment will be computed from the date of delivery at the destination of items ordered or services rendered, or from the date the correct bill is received by Purchaser’s Accounts Payable Department, if the latter date is later than the aforesaid date of delivery. Payment will be in United States dollars unless otherwise stated on the face of this Order. Invoices shall contain the following information: Purchase Order number, item number, description of articles, sizes, quantities, unit prices and extended totals. If Seller’s price or the regular market price of the items covered hereunder is lower than the price stated in this Order on the date of shipment of the item, Seller agrees to give Purchaser the benefit of such lower price on any such item.
Taxes, Duties, etc.: Purchaser and Seller agree that all customs duties, Value Added Tax (VAT), sales tax, and other applicable taxes, imposed by the country or state in which services are performed or delivered are included in the prices provided by Seller, or are billed to Purchaser as separate items in accordance to the applicable taxing jurisdictions’ laws at the time the Seller submits the invoice for items or services provided. Seller acknowledges that Purchaser does not have a tax exemption identification number.
Packaging & Shipment: Seller is responsible to ensure items are adequately packaged to prevent damage during shipping or handling and are delivered free and clean of all foreign matter. No charges for boxing, crating, etc. are allowable unless Purchaser has previously approved. Unless otherwise noted Seller is responsible for carrier selection and will bill Purchaser for carrier fees as a separate item at the time the Seller submits the invoice for items or services provided. All shipping boxes, crates, etc., shall be clearly marked with the following: Purchase Order number, item number, item revision status, and date code.