TERMS AND CONDITIONS / PRICING POLICIES U-MAPP

(Effective September 1, 2022)

Pricing
All prices and products are subject to change without notice. This price list is for reference only and is NOT our offer to sell products. All pricing listed in U.S. Dollars.

Terms
Net 30 days from date of invoice, payable in U.S. currency. No early pay discounts are allowed. A service charge of 1.5% per month will be added to all accounts past due.

Handling Charge
Handling charge of $5.00 will be added to all invoices under $50.00.

USA Freight
Freight is prepaid on orders above $800.00 shipped within the continental U.S.A. except Alaska and Hawaii.

Canada Freight
Freight is prepaid on orders above $1,200.00. Orders to Canada will be shipped care of your customs broker. Specialty Products is not responsible for duties, custom fees, taxes or other charges. Choice of carrier and class of service for prepaid orders are at the discretion of Specialty Products Company.

Returns
Any items returned will only be accepted if accompanied by a Return Authorization number initiated by a SPC team member. Returns will be limited to 5% of the previous calendar year’s purchases. Goods returned must be listed on our current price sheet and in saleable condition.

Returns must be shipped prepaid and include copies of original invoices. In the case that an original invoice is not available, the lowest recorded price will be used. All returns, except for warrantable goods and shipment of incorrect merchandise, will be charged a 15% HANDLING AND RESTOCKING CHARGE. Items returned are subject to inspection and evaluation prior to credit being issued. We reserve the right to schedule processing of returns to correspond with factory efficiency. No returns will be processed at the factory between December 15 and January 1. Credit resulting from returns will be used towards payment on existing invoices or towards future purchases.

Claims
Claims for damages in transit are to be filed at once with the carrier. Shortage claims must be made within 10 days after receipt of goods.

Website
SPC will use reasonable care to ensure that the information is accurate at the time it is added to the web site but cannot guarantee this and does not accept any liability to update the information. In addition, SPC does not accept any liability, however arising, for the accuracy, completeness, use of or reliance on the information contained on this web site . The information may be changed by SPC at any time.

Revision – 7/7/22

PRICING POLICIES U-MAPP

In order to protect our premium brand image as well as respond to many of our Distributors’ and resellers’ requests for an effective way to maintain value and support the SPC product line, we have decided to implement a Unilateral Minimum Advertised Price Policy (“U-MAPP”). There has been considerable thought and effort put into our decision to implement U-MAPP. We recognize that our success is tied to the success of our distributors and that you have invested significant time and resources to bring SPC’s Products to market. We want to protect your ability to maintain a high level of service and support while maintaining the value of our products.

We will be implementing U-MAPP for approximately 50-60 of our parts effective November 15, 2015. Other items may be added if necessary and you will be notified when additions or changes are made to the U-MAPP product list.

To download SPC's complete Unilateral Minimum Advertised Price policy click here. - last updated 7/9/2021
To download SPC's current MIAP Grid in Excel click here. - last updated 11/12/2024

Specialty Products will implement and take action unilaterally based upon information received by an independent third party and all determinations are final. The U-MAPP shall remain in effect until modified or terminated by us and communicated to you.

To summarize it simply, we have taken the following approach regarding the consequences of violating this policy:

• 1st Violation: SPC will issue a warning letter to the violating Seller. The Seller will have five (5) business days to correct the violation
• 2nd Violation: SPC will issue a violation letter to the violating Seller and the Seller will be put on a Do-Not-Sell List for a specified number of days.
• 3rd Violation: SPC will issue a violation letter and the Seller will be put on the DNS List indefinitely.

• Item one
• Item Two
• Item Three

Once notified, it will be the responsibility of the distributor (you) to refrain from selling to anyone on the DNS List. As stated in the U-MAPP, selling to a reseller on the DNS List will have the same violation notice and consequence as violating MIAP. Should you have any inquiries, please contact the U-MAPP Administrator. A special email has also been set up for inquiries related to U-MAPP; U-MAPP@specprod.com

We welcome any input or information regarding this policy, but we can only review and respond to inquiries in writing. Thank you for your continued support and for helping in maintaining the value of the Specialty Products line for our mutual benefit.

Revision Number 1 – 10/2/15