Common use of OVERSHIPMENTS Clause in Contracts

OVERSHIPMENTS. Overshipments of more than ten percent (10%) of the specified quantity of Goods shall not be accepted by Buyer. In the event of an overshipment, Buyer will either, at Seller’s option, return the excess amount to Seller at Seller’s cost and expense, or keep the excess amount with an appropriate adjustment to the invoice price not to exceed ten percent (10%) of the cost of the Goods in the correct amount ordered.

Appears in 4 contracts

Samples: Purchase Order, Purchase Order, Purchase Order

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OVERSHIPMENTS. Overshipments of more than ten percent (10%) of the specified quantity of Goods shall not be accepted by Buyer. In the event of an overshipmentovershipment of Goods, Buyer will either, at Seller’s option, return the excess amount to Seller at Seller’s cost and expense, or keep the excess amount with an appropriate adjustment to the invoice price not to exceed ten percent (10%) of the cost of the Goods in the correct amount ordered.

Appears in 3 contracts

Samples: Purchase Order Terms and Conditions, Purchase Order Terms and Conditions, Purchase Order Terms and Conditions

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