Common use of Standing Quotation Clause in Contracts

Standing Quotation. 2.1 The Standing Quotation for the supply of Goods must be quoted in Hong Kong dollars and such prices shall be at net prices after allowing for all trade and cash discounts and shall include cost of containers, packing, packing materials, delivery F.I.S. 2.2 Prices quoted It will be assumed, unless Sellers clearly stipulate otherwise, that their offers will remain valid for the Validity Period. Therefore no request for price increase will be considered. If however a Seller, for commercial reasons, wishes to adjust the prices downward for the remaining of the Validity Period or for a certain period of time during the Validity Period, he may do so. In any such case the basis of the downward price adjustment should be clearly stipulated and accepted by the HA in writing. The revised Standing Quotation will then be used for placing purchase orders by Hospital or on behalf of the Buyer. No promotional offer to individual Hospital/Buyer is allowed.

Standing Quotation. 2.1 The Standing Quotation for the supply of Goods must be quoted in Hong Kong dollars and such prices shall be at net prices after allowing for all trade and cash discounts and shall include cost of containers, packing, packing materials, delivery F.I.S. 2.2 Prices quoted It will be assumed, unless Sellers clearly stipulate otherwise, that their offers will remain valid for the Validity Period. Therefore no request for price increase will be considered. If however a Seller, for commercial reasons, wishes to adjust the prices downward for the remaining of the Validity Period or for a certain period of time during the Validity Period, he may do so. In any such case the basis of the downward price adjustment should be clearly stipulated and accepted by the HA in writing. The revised Standing Quotation will then be used for placing purchase orders by Hospital or on behalf of the Buyer. No promotional offer to individual Hospital/Buyer is allowed.