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Terms and Conditions

  

HULL MARINE PRODUCTS (HMP)

Terms and Conditions of Sale

1. DEFINITIONS

All orders are subject to acceptance by Seller. “Terms and Conditions” means collectively,

the terms and conditions contained herein, any Seller’s “Supplement to Terms and

Conditions of Sale”, and terms and conditions stated in Seller’s quotation. “Agreement”

means the agreement arising from the acceptance of this order and its attachments,

including the Terms and Conditions, which are incorporated into and are part of the

purchase order. Any terms and conditions originating with Buyer are superseded by the

Terms and Conditions and shall not be or become part of the contract between Buyer and

Seller unless specifically accepted in a writing signed by a duly authorized representative of

Seller. Acknowledgement of the receipt of any order, including signing and returning to

Buyer its acknowledgement copy, if any, shall not constitute acceptance by Seller of any

additional or different terms and conditions, nor shall Seller’s commencement of effort, in

itself, be construed as acceptance of an order containing additional or different terms and

conditions. Seller shall have no liability until and unless the orders are accepted. Buyer

assumes full responsibility for inaccurate, incomplete or faulty data supplied to Seller for

Seller’s use in the performance of orders. For purposes of the Agreement between the

Buyer and the Seller, the Seller shall be the Seller legal entity that manufactures the Goods.

2. PRICES

Prices and shipping lead times are subject to change without notice for any reason,

including but not limited to, changes related to the increased costs of raw materials and

components and transportation for the Goods. Any such changes shall apply to booked

and/or acknowledged orders. Published prices are prepared for the purpose of furnishing

general information and are not quotations or offers to sell on the part of the Seller. No

payment discounts are offered, and minor inadvertent administrative errors contained in

an invoice are subject to correction and shall not constitute reason for untimely payment.

Goods will be billed at the prices in effect at the time of shipment. Partial shipments on

quantity orders shall be deemed a separate and independent contract for billing. Freight

charges will be “Prepaid and added to the invoice” unless specified otherwise. Prepaid

charges will be invoiced using Seller’s freight and handling charge rate list. Courier service

and/or US Parcel Post charges will be prepaid and added to the invoice using current rates.

Seller does not accept COD orders.

3. TAXES

Prices do not include any sales, use, excise, property, import, export or such taxes that may

be levied on the transaction by local, state, federal or foreign governments. Any such taxes

shall be the responsibility of Buyer. If Seller is required to pay any such taxes, the cost shall

be added to the invoice or billed to Buyer separately. If the Seller (including when agreeing

to Drop Ship for Buyer) is subsequently assessed sales tax by a state tax agency because

Seller was not able to secure the correct state documentation to support tax exemption that

the goods were purchased for resale, any tax liability imposed will be passed from the

Seller to the Buyer who will be responsible for the assessed tax incurred.

4. DELIVERY

Unless otherwise agreed to by Seller, all shipments are made at Seller’s place of

manufacture. Delivery to a common carrier or licensed trucker shall constitute tender of

delivery to Buyer and all risk of loss or damage in transit shall be borne by Buyer. In no

event shall Seller be held liable for any damages or expenses caused by delays in delivery.

The parties recognize that delivery dates are approximate.

Method and route of shipment are at Seller’s discretion, unless Buyer supplies explicit

instructions that are accepted by Seller in writing in accordance with these Terms and

Conditions. If Seller is prepared to make shipment, and Buyer delays delivery, terms of

payment shall apply as though delivery had been affected as of the date that Seller was

prepared to make shipment. All costs associated with handling, care and custody of the

Goods shall be to the account of Buyer. The acceptance of the Goods by Buyer shall

constitute a waiver of all claims for delay. Buyer and Seller agree that “TIME IS NOT OF THE

ESSENCE” in Seller’s performance of this order.

Seller shall not be liable for delay in delivery or failure to manufacture due to causes

beyond its or its subcontractors’ reasonable control, including, but not limited to, delays or

failures due in whole or in part to, acts of God, acts of Buyer, acts of civil or military

authority, priorities, fire, strike, floods, acts of terrorism, insurrection, epidemics,

quarantine, war, riot, transportation delays, acts of a public enemy, inability to obtain

necessary labor, materials or manufacturing facilities, or other causes similar to those

enumerated. In the event of any such delay or failure, the date of delivery shall be extended

for a period equal to the time lost by reason of the delay.

5. LIMITED WARRANTY

Seller warrants that the Goods sold hereunder will be free from defects in material and

workmanship for the Warranty Period set forth below. Seller warrants its Good(s) only to

the original Buyer (“Warranty”). Additionally, in the event that Goods are manufactured

based upon Buyer’s designs or specifications or are not installed in accordance with Seller’s

instructions or guidelines, Buyer accepts the Goods “As Is, With All Faults.”

The Warranty in this Section is in lieu of and excludes all other warranties, express or

implied, by operation or law or otherwise, including but not limited to THE IMPLIED

WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE

(WHETHER KNOWN TO SELLER OR NOT). All other such warranties are hereby expressly

disclaimed by Seller and waived by Buyer. Without limiting the foregoing, Seller does not

warrant that the goods will be suitable for Buyer’s specific needs, will work in any

particular environment, will perform without interruption or be error free, or will work in

conjunction with Buyer’s equipment.

If Buyer makes a warranty claim, written notice of claimed defect must be given to Seller

within thirty (30) days from the date any such defect is first discovered, or in the exercise

of reasonable care should have been discovered. In no event whatsoever may a claim be

made later than thirty (30) days following the end of the 12-month warranty period. Buyer

shall be deemed to have waived any claim not made within thirty (30) days from when the

defect is first discovered or in the exercise of reasonable care should have been discovered.

The Good or parts claimed to be defective must be returned to Seller and must include a

detailed description of the claimed defect. If a warranty claim is valid, Seller shall pay

reasonable one-way costs of transportation of the defective Goods from either the original

destination or the location where defect occurred, whichever is closest to Seller’s facility.

Should any of the Goods fail to conform with the foregoing Warranty during the Warranty

Period, Seller shall, at its discretion, either (a) repair or replace the Goods, or (b) provide

Buyer with a credit equal to the price paid by Buyer for the Goods. THIS SHALL BE BUYER’S

SOLE AND EXCLUSIVE REMEDY AND BUYER SHALL NOT BE ENTITLED TO ANY OTHER

DAMAGES REGARDLESS OF THE NATURE OF BUYER’S CLAIM, BE IT IN CONTRACT,

WARRANTY, TORT OR OTHERWISE. Further, the Seller’s warranty on the Goods is void in

the event the Goods are not properly (i) used, stored, handled, installed and maintained

and (ii) de-installed, packed and shipped back to Seller by Buyer. If the Warranty return is

“No Fault Found,” the Buyer is responsible for any evaluation and return shipping charges.

Under no circumstances shall Seller be liable for removal of Seller’s Goods from Buyer’s

equipment or re-installation into Buyer's equipment. No person including any agent,

distributor, or representative of Seller is authorized to make any additional or different

representation or warranty on behalf of Seller concerning any Goods manufactured by

Seller. The remedies of Buyer with respect to the Warranty are exclusive and in lieu of any

and all remedies available under applicable law. This Section shall survive the expiration or

termination of any agreement between the Buyer and Seller.

6. WARRANTY PERIOD

Hull Marine Products:

Micro Jack Reinforcement

NanoJACK

Locking Flag Pole

Jack Plate Relay Bracket

Jack Plate Wiring Harness

Retrofit Relay Harness

Warranty Period

12 months from date of receipt.

7. LIMITATION OF LIABILITY

NOTWITHSTANDING ANYTHING TO THE CONTRARY, SELLER SHALL NOT BE LIABLE FOR

ANY SPECIAL, INCIDENTAL, INDIRECT OR CONSEQUENTIAL DAMAGES INCLUDING BUT

NOT LIMITED TO LOST PROFITS ARISING OUT OF THE PERFORMANCE, DELAYED

PERFORMANCE OR BREACH OF PERFORMANCE OF THIS ORDER REGARDLESS WHETHER

SUCH LIABILITY BE CLAIMED IN CONTRACT, EQUITY, TORT OR OTHERWISE. SELLER’S

OBLIGATION IS LIMITED SOLELY TO REPAIRING OR REPLACING (AT ITS OPTION AND AS

SET FORTH IN SECTION 5), AT ITS APPROVED REPAIR FACILITY, ANY GOODS OR PARTS

WHICH PROVE TO SELLER’S SATISFACTION TO BE DEFECTIVE AS A RESULT OF

DEFECTIVE MATERIALS OR WORKMANSHIP, IN ACCORDANCE WITH SELLER’S STATED

WARRANTY EVEN IN THE EVENT THAT BUYER’S SOLE AND EXCLUSIVE REMEDY SHALL

FAIL OF ITS ESSENTIAL PURPOSE. IN NO EVENT SHALL SELLER’S LIABILITY EXCEED THE

PURCHASE PRICE OF THE PRODUCT THAT GAVE RISE TO SUCH LIABILITY. THE

PROVISIONS OF THIS PARAGRAPH SHALL SURVIVE ANY TERMINATION OR EXPIRATION

OF THE AGREEMENT AND SHALL APPLY REGARDLESS OF THE BASIS OF BUYER’S CLAIM,

BE IT IN CONTRACT, WARRANTY, TORT OR OTHERWISE.

8. GENERAL INDEMNITY

Buyer shall defend, indemnify and hold harmless Seller (and its officers, directors,

employees and affiliated companies, to be referred to collectively as “Seller”) from and

against any and all claims, lawsuits, liabilities, damages, losses, costs and expenses

(including but not limited to Seller’s attorney’s fees) arising from or in connection with any

third party claim(s) against Seller arising from Buyer’s use or resale of the Goods, or the

use or resale of the Goods by any third party. By way of example only and not by way of

limitation, Buyer shall indemnify Seller for any claims arising from the use of the Goods in

applications such as personal mobility, vehicular and amusement equipment.

9. PATENT INDEMNITY

Seller shall have no liability for infringement of any patents, trademarks, copyrights, trade

dress, trade secrets or similar rights except as specifically provided in this section. Any

liability of Seller shall be limited as set forth in section 7. Seller will defend and indemnify

Buyer against allegations of infringement of U.S. patents, U.S. trademarks, copyrights, trade

dress and trade secrets as (hereinafter collectively referred to as the “Intellectual Property

Rights”) subject to the limitations and conditions set forth in this section. Seller will defend

at its expense and will pay the cost of any settlement or damages awarded in any action

brought against Buyer based on an allegation that an item sold to Buyer (“Item”) infringes

the Intellectual Property Rights of a third party. Seller’s obligation to defend and indemnify

Buyer is contingent on Buyer notifying Seller within ten (10) days after Buyer becomes

aware of such allegations of infringement, and Seller having sole control over the defense of

any allegations or actions including all negotiations for settlement or compromise. If an

Item is subject to a claim that it infringes the Intellectual Property Rights of a third party,

Seller may, in its sole discretion, procure for Buyer the right to continue using the Item,

replace or modify the Item so as to make it non-infringing, or offer to accept return of the

Item and return the purchase price less a reasonable allowance for depreciation.

Notwithstanding the foregoing, Seller shall have no liability for claims of infringement

based on information provided by Buyer, or directed to Items for which the designs are

specified in whole or in part by Buyer, or infringements resulting from the modification,

combination or use in a system of the Items. The foregoing provisions of this section shall

constitute Seller’s sole and exclusive liability and Buyer’s sole and exclusive remedy for

infringement of Intellectual Property Rights. If a claim is based on information provided by

Buyer or if the design for an Item is specified in whole or in part by Buyer, Buyer shall

defend and indemnify Seller for all costs, expenses or judgments resulting from any claim

that such Item infringes any patent, trademark, copyright, trade dress, trade secret or any

similar right.

10. PROPERTY RIGHTS

Except where otherwise expressly agreed, all patterns, tools, jigs and fixtures, drawings,

designs, software and other materials and data developed, fabricated or otherwise required

in the performance of this order, notwithstanding any charges, shall be and remain Seller’s

property and in Seller’s possession and control.

Except as specifically provided for in this order, Buyer shall have no right in any technical

data, Intellectual Property Rights, and computer software associated with this order. In the

event Seller agrees to provide Buyer with proprietary information, drawings, designs or

data in conjunction with this order, Buyer agrees that such information, drawings or data

will not be disclosed to a third party, or used by Buyer, without the written permission of

an authorized official of Seller.

11. RIGHT TO GOODS; DEFAULT; INSOLVENCY

If Buyer becomes insolvent or if Buyer is in default for any reason under the terms of this

or any other agreement between Buyer and Seller, Seller shall be entitled, at Seller’s option,

to discontinue further performance of all or part of the order, to withhold shipments, in

whole or in part, and/or to recall Goods in transit, retake same, and repossess all Goods

which may be stored with Seller for Buyer’s account, without the necessity of taking any

other proceedings. Buyer consents that all Goods so withheld, recalled, retaken or

repossessed shall become Seller’s absolute property, provided that Buyer is given full

credit. The foregoing shall not be construed as limiting, in any manner, any rights or

remedies available to Seller under contract, at law or equity.

12. CONDITIONS

The order is accepted with the understanding that it is subject to Seller’s ability to obtain

the necessary raw materials, and the order and all shipments applicable thereto are subject

to Seller’s current manufacturing schedules, and governmental regulations, orders,

directives and restrictions that may be in effect from time to time.

13. NON-WAIVER BY SELLER

Waiver by Seller of a breach of any of the Terms and Conditions shall not be construed as a

waiver of any other breach. Any failure at any time of Seller to enforce any provision of

these Terms and Conditions shall not constitute a waiver of such provisions or prejudice

Seller’s right to enforce such provisions at any time. Should any provision of these Terms

and Conditions be or become void or not enforceable by force or operation of law, all other

provisions shall remain valid and enforceable.

14. ASSIGNMENT

Buyer shall not assign, subcontract, or otherwise transfer the order, in whole or in part,

without the prior written consent of Seller, and any such assignment, subcontract, or

transfer without Seller’s prior written consent shall be void.

15. BUYER SUPPLIED MATERIAL

All material or equipment owned or furnished by Buyer while in Seller's possession will be

carefully handled and stored but Seller will not be responsible for accidental loss thereof or

damage thereto.

16. CHANGES

Changes in whole or in part of the order can be made only with Seller’s consent and upon

terms that will permit an equitable adjustment to be made in both the price and schedule of

the Goods to be delivered. Changes will be recognized and implemented only when

communicated to Seller by Buyer’s authorized representative, in writing.

17. TERMINATION

Termination of the order in whole or in part can be made only with Seller’s prior written

consent and upon terms that will indemnify Seller against loss and afford an equitable

profit.

18. RESERVATION OF RIGHTS

Seller reserves the right to make subsequent improvements and changes in the design of

Goods without imposing any obligation to make such changes or improvements upon

Goods sold to Buyer.

19. INSPECTION AND ACCEPTANCE OF GOODS

Final inspection and acceptance of Goods provided under this order shall be made by Buyer

within fourteen (14) days of receipt of the Goods at Buyer’s facility, except in the case

where Buyer’s source inspector or authorized representative inspects the Goods at Seller’s

facility. Failure of Buyer to inspect and reject in writing, said Goods within the above time

period (where source inspection is not applicable) shall be deemed to mean acceptance has

occurred. In the event Buyer’s source inspector is delegated to perform inspection and

acceptance, then sign-off of the relevant test documentation by the source inspector or

authorized representative shall constitute acceptance of the Goods by Buyer.

20. INSTALLATION

All Goods shall be installed by and at the expense of Buyer. Should Buyer request the

services of Seller, such service shall be rendered and charged at the established rate at the

time of performing said service, plus all other expenses including travel, hotel bills and

living expenses.

21. GOVERNING LAW; LIMITATION ON ACTIONS

This order shall be governed and construed in accordance with the laws of the State North

Carolina. No actions arising out of the sale of Goods covered by this order, other than an

action by Seller to recover the purchase price of such Goods, may be brought by either

party more than one (1) year after the cause of action accrues.

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