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CORE
POLICY
CHARGES and CREDITS It is our
policy to make charges for cores in dollar amounts, and not to keep track
of how many or of what type core a customer may buy or return for
credit.
All core charges are made in dollars, all core credits are given in
dollars, and core bank balances are denoted in dollars. We believe
this policy gives our customers the flexibility they should have to buy
only those items they need, and return whatever items they
have.
CORE PRICES Core prices will be set and re-set
from time to time to reflect the supply and demand observed by us at any
given time. We consider cores
to be commodity items, whose value changes with supply and demand. Therefore, we reserve the right to
change core prices without notice, as market changes require.
ELIGIBILITY Core charges made to our customers will
be “remembered” by our billing system for a period of 90 days. If during this time, a customer
returns cores to us, he will receive an account credit for the value of
those cores. This account
credit is limited to the total amount of all core charges currently being
“remembered” by our system.
The total amount being “remembered” at any given time is the
customer’s eligibility. If an
eligible amount goes past 90 days without a credit being applied against
it, it is “forgotten” by the system and is no longer eligible for a credit
to be applied against it.
Core return eligibility information is given at the bottom of every
invoice and is accurate as of the date of the invoice.
CORE BANK If a core credit is received after an
amount of previous core charges has become ineligible, or if a core credit
is received after all eligible amounts have been credited, any excess
amount will be credits to the customer’s “excess balance,” commonly called
his “core bank.” Any amounts
in the core bank will remain there indefinitely, until the customer
liquidates it in one of two ways:
(1) He may make new product purchases, in which case the core
charges will be deducted from his excess balance and not appear in the
invoice total.
(2) He may agree to “sell” the cores to us on negotiated values and
terms, for cash or an account credit. No checks will be issued unless a
customer’s account is current within 30 days.
Core Bank status information is given at the bottom of every
invoice and is accurate as of the date of that invoice.
BUYING CORES If for any reason a customer does not want to
put his cores in a core bank, we will buy them at negotiated prices and
terms. |
