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Terms of sale

Reviewed in January 2025

The sale of any product covered by this quotation, sales order, or invoice (as applicable) to you (the “Buyer”) is expressly conditioned upon the terms and conditions contained or referenced in this document, including those set forth below and those included in any attachment hereto. Any order by the Buyer, any expression of intent to purchase such goods, or any instruction to proceed with the engineering, procurement, and sourcing of manufactured goods or other services from the Seller, based on a Seller’s quotation, sales order, or invoice, shall constitute the Buyer’s agreement to such terms and conditions. These terms and conditions shall prevail over any terms and conditions included in any correspondence initiated by the Buyer; that is, any additional or different terms or conditions stated in the Buyer’s purchase order or other communication are hereby objected to and shall not be binding unless expressly agreed to in writing by the President of DISTRIBUIDORES INDUSTRIALES INTERNATIONAL CO. SM TM, hereinafter referred to as “IDICO” SM TM or “Seller.”

PRICES AND TERMS – Products and prices are subject to availability. All quotations are subject to change and/or correction at any time. All prices are in U.S. Dollars (USD), as shown on the final invoice, and apply to the quantities stated therein. All prices quoted by IDICO are subject to change (due to price fluctuations, other adjustments, technical or administrative errors, and similar reasons) without prior notice. The prices contained herein exclude any present or future sales, use, or excise taxes applicable to the materials or equipment covered by this document. Any such change may affect the final price. If applicable laws or regulations require us to pay or collect such taxes in connection with this transaction regarding the materials or equipment covered herein, the Buyer shall pay such tax amount in addition to the prices stated herein. Unless otherwise indicated, all sales are made EX-Works (EXW). In all cases, title passes upon delivery to the carrier at the shipping point, and from that moment, all risk of loss or damage shall be borne by the Buyer. The Seller does not insure transportation nor guarantees delivery of goods. The Seller’s responsibility ends when the goods have been delivered to the carrier and received in good condition. The Buyer’s recourse in such circumstances is solely with the carrier. Prices quoted to the Buyer by the Seller do not include shipping, storage, or other charges. Storage charges for products ordered and invoiced by IDICO will begin to accrue five (5) business days (i.e., the “grace period”) after the date printed on the invoice (i.e., the date on which IDICO accepts the Buyer’s purchase order and issues an invoice based on IDICO’s sales order to the Buyer, the “Invoice Date”). All Buyer purchase orders for international product delivery MUST contain printed, specific, and complete shipping instructions so that IDICO can process them through its order fulfillment systems for timely delivery availability. $350.00 is the minimum order amount for any Buyer; any product purchase order under $350.00 must be pre-approved by the Seller and will incur a $50.00 surcharge from the Seller to the Buyer.

DELIVERY – Shipping dates provided prior to the actual shipment by the Seller are estimates and shall not be considered fixed or guaranteed delivery dates unless specifically stated as guaranteed. IDICO shall not be held liable for failure to deliver or for delay in delivery or performance due to (i) a cause beyond its reasonable control, or (ii) an act of God, or (iii) fire, strike, or other labor difficulty, or (iv) transportation delay, or (v) any other commercial impracticability, or any combination of the above. In the event of a delay, the delivery date shall be extended for a period equal to the time lost due to the delay. IDICO aims to ensure that products ordered by the Buyer are delivered in a timely manner. Regarding pick-up/delivery by the Buyer’s transfer agent, freight forwarder, or other authorized representative, all orders must be received by the Buyer’s representative no later than five (5) business days after the Invoice Date. A day begins at 12:00 AM. For each day that the product remains at the Seller’s facilities after the Invoice Date, the Buyer will be charged a daily storage fee of $25.00 (collectively referred to as the “Storage Fee”). The Storage Fee MUST be paid in full, along with any outstanding invoice balance, prior to the release of goods by IDICO to the Buyer’s representative.

PAYMENT AND FINANCIAL CONDITION- Any order of goods by the Buyer shall constitute a representation by the Buyer, upon which the Seller may rely, that the Buyer is solvent. If, in IDICO’s judgment, the Buyer’s financial condition at the time of the Invoice Date, manufacturing, or shipment (at IDICO’s sole and absolute discretion) does not justify the specified payment terms, IDICO reserves the right to require full or partial payment, or other adequate assurance of performance from the Buyer, prior to manufacturing or shipment. IDICO reserves the right to suspend performance until such payment or adequate assurance of performance has been received. Payments are deemed late if not made within five (5) business days from the Invoice Date or the due date of any credit extension, whichever comes first. Each payment, or portion thereof, that is late (and for as long as any payment remains overdue) shall incur a monthly late fee/penalty of One and One-Half Percent (1.5%) of each overdue amount. Nothing in this document shall be deemed to extend or modify the Buyer’s obligation to make payment when due. In the event of default, the Buyer agrees to pay the Seller’s reasonable attorneys’ fees, if any, incurred at any administrative, trial, or appellate level in collecting damages from the Buyer, along with any other collection costs, including court fees. In addition to any other rights IDICO may have under this agreement, at law, or in equity, IDICO may suspend shipment of any goods for which payment has not yet been received, if the Buyer is in default under this or any other sales contract between IDICO and the Buyer.

INJURY OR DAMAGE TO PERSONS OR PROPERTY –The Seller shall not be liable for any injury or damage to persons or property resulting from the equipment sold under this quotation, sales order, or invoice. Upon the expiration of the grace period or delivery to the Buyer’s representative (under any shipping terms applicable by the invoice), IDICO shall have no further liability for any type of damage to the invoiced product, including but not limited to the risk of loss resulting from any event occurring during transit or transfer.

WARRANTIES –The Seller has made no representations, warranties, promises, guarantees, or agreements, whether oral, written, express, or implied, with respect to the equipment sold, except as expressly provided in this document. NO EXPRESS OR IMPLIED COMMON LAW OR STATUTORY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE SHALL APPLY.

LIMITATION OF LIABILITY –IDICO’s liability for any claim for loss or damage arising out of the terms of sale or contract, or from the performance or non-performance thereof, whether based on contract, equity, warranty, tort, or other grounds, shall not exceed the price of the goods that are the subject of or related to the claim. Under no circumstances shall IDICO be liable for any other economic, special, consequential, incidental, or punitive damages, including but not limited to loss of profits or revenue, loss of use of the product, cost of capital, or downtime costs.

TERMINATION –The Buyer may cancel an order only through mutual agreement and confirmation between the President of IDICO and the Buyer, based on payment to IDICO of reasonable and appropriate termination charges, including, but not limited to, any and all charges assessed prior to the Invoice Date. Notwithstanding the foregoing, the Buyer shall have no right to cancel orders after the Invoice Date. After the Invoice Date, the Buyer must obtain written approval from the President of IDICO (at IDICO’s sole and absolute discretion), and restocking fees and additional charges will apply in accordance with the Seller’s return policy as stated herein.

RETURNED GOODS; DEFECTIVE OR NON-CONFORMING GOODS –If (and for as long as) goods are returnable under these terms of sale (whether due to a claim of defective goods or goods that do not conform to the quotation, sales order, or invoice), such goods may not be returned without the prior written consent of the President of IDICO and may be subject to a restocking fee in addition to return freight, customs charges, and duties assessed to the Buyer. Any claim under this provision must be submitted in writing to IDICO by the Buyer on or before the thirtieth (30th) day after the Invoice Date.

GENERAL-The Buyer and the Seller understand and agree that the validity, performance, and all other matters related to the interpretation and effect of these terms of sale shall be governed by the laws of the State of Florida; and that jurisdiction and venue shall be proper in the state or federal courts located in Miami-Dade County, Florida. The Buyer and the Seller irrevocably consent to the personal and subject matter jurisdiction of such courts and venues, and expressly waive the right to assert any claim of improper or inconvenient forum in connection herewith.

Historia

IDICO Procurement Services Nace IDICO, con la idea de vender servicios industriales en Latinoamérica

1987

Fundación de Idico

IDICO Equipment Solutions IDICO, innova en un nuevo tipo de servicio, llamado: manejo de carga seca para puertos ,minerías, acerías con representación de Capacity en Republica Dominicana y Colombia

1993

IDICO abre sus primeras oficinas en Colombia, atendiendo el mercado latinoamericano con talento bilingüe.

2007

Se crean nuevas alianzas e IDICO obtiene la representación de Sennebogen para Colombia, República Dominicana y Thor en Latinoamérica.

2010

IDICO sigue apostándole a su servicio de Spot Buy e implementa su primer CRM integrado a su ERP, con el fin de mejorar la experiencia del cliente interno y externo.

2012

Nace Acord Capital, como necesidad de agrandar el negocio de alquiler de maquinaria pesada con las marcas que representábamos en Latinoamérica

2016

Fundación de Acord Capital

IDICO, bajo la filosofía // Thinking Forward, se compromete con los procesos de automatización y con los desarrollos informáticos, formando su equipo de RPA. Adicional, iniciamos la alianza SIEVO para Latam

2019

Nos apasiona tener la posibilidad de crear el futuro, basándonos en la tecnología, innovación, somos una compañía de EARLY ADAPTERS

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