Parts purchased from The Parts Exchange, Inc., (hereafter referred to as "PE") are subject to the following terms and conditions:
Exclusive Terms. The terms and conditions contained here are the only terms and conditions of sale. Anything to the contrary must be in writing and signed by an authorized officer of PE. By the ordering and receipt of the parts, the buyer agrees to be bound by these terms and conditions.
Risk of Loss. All risks of loss or damage to the parts sold will be borne by the buyer once the shipment has been accepted by the carrier and claims for loss or damage shall be only against the carrier. Claims of carrier service failures will be processed in accordance with the carriers policy with the cooperation of PE.
Payment. All parts listed herein are sold for cash, payable in lawful money of the United States of America, or by check drawn upon, or, on request, duly certified by a bank satisfactory to PE and payable in such money, unless otherwise specified. PE shall retain possession of title to and a lien upon the parts until fully paid for by the buyer. Payment in full is due on or before the 30th day following the invoice date for customers who have established a charge account. Customers who have not established credit with PE may pay in advance via Visa, MasterCard, Discover or American Express cards, or by C.O.D., in accordance with the statement above. Any account not paid within 60 days shall bear interest at the rate of 18% per annum fromthe invoice date, and shall also be subject to the cost of collection, including reasonable attorneys fees of PE.
Returns. Parts ordered from our stock inventory may be returned for any reason within 30 days with no restocking fee. After 30 days, return authorization is required and may include a 10% restocking fee. Special-ordered parts may not be returned. In all cases, parts must be unused and in resalable condition, with all documentation intact, including, but not limited to, manufacturers certification and FAA airworthiness tags.
Cores may be returned at any time. We do not require your core to be repairable; however, it must be "as removed from aircraft" and fully assembled to be eligible for full credit. Once your core has been received and credit issued, our custodial responsibility for your core is terminated, and it becomes our property. If your core is cut apart or disassembled, please let us know before the sale -- we may reduce or waive the core deposit and record that agreement on the sales invoice. Core and stock returns must be shipped prepaid of all shipping charges, duties and taxes.
Claims. Claims for shortages, defects, and errors must be made within 5 days of receipt of parts.
Certification. PE obtains parts from many sources, including, but not limited to, original manufacturers, PMA (Parts Manufacturer Approval) manufacturers, licensees, distributors, repair stations, surplus sales and auctions, and other third party sources. All parts are visually inspected, and to the best of PE's knowledge, are appropriately identified as to condition. Most of our parts are identified as newly manufactured (OEM or PMA), or "yellow-tagged" as serviceable, overhauled, or repaired by a certificated FAA repair station.
The services performed by PE are not included in the FAA's definition of safety related operations, including without limitation the following:
- Repair or certification of a part requiring a maintenance release.
- Engine overhaul, replacing of aircraft parts, windshields, landing gear or painting.
- Repair of engines, avionics, or airframe components.
All parts are subject to buyers approval for airworthiness within the return policy herein set forth. We maintain records from our suppliers for purposes of traceability, and we will provide to the buyer, upon request, copies of whatever documentation is reasonable and within our control. A properly licensed mechanic or technician should inspect and install these parts.
Warranty. PE does not warrant items manufactured, overhauled or repaired by other organizations, which are the only type of parts PE sells. PE will assist the buyer in presenting claims for warranty consideration with the appropriate supplier.
The sole warranty made regarding the parts sold is that made and given by the manufacturers or repair facilities current warranty statement, if any. No warranty is made by PE, express or implied, including implied warranties of merchantability or fitness for a particular purpose, and any other liability in respect to parts provided by PE is disclaimed. Neither PE nor the manufacturer, nor the repair facility shall be liable for damages from the loss of use or indirect consequential or special damages of any kind, including loss of profits or cost of repair.
Parts are sold as is, with all faults, if any, with the express understanding of the buyer. The entire risk as to material, quality and airworthiness rests with the buyer. The entire liability of PE and the buyers exclusive remedy is that set forth in the return policy herein contained.
Governing Law and Jurisdiction. These terms and conditions shall be construed in accordance with and governed by the laws of the State of South Carolina. Exclusive jurisdiction and venue of any legal action arising hereunder or out of sale of parts by PE shall be in the Court of Common Pleas for York County, South Carolina.