These Terms of Service ("Terms") govern all business interactions between Ayrik Limited ("Ayrik," "we," "us," or "our") and its clients ("Client," "you," or "your"). By requesting a quotation, placing an order, or engaging our services, you agree to be bound by these Terms. Any conflicting terms proposed by the Client are expressly rejected unless separately agreed in writing by Ayrik Limited.
2. Quotations and Pricing
Quotation Validity: All quotations issued by Ayrik Limited are valid for a period of fourteen (14) calendar days from the date of issue, unless otherwise stated in writing. After this period, pricing and lead times are subject to reconfirmation.
Pricing: All prices are quoted in the currency specified on the quotation and are exclusive of applicable taxes, duties, and shipping costs unless explicitly stated otherwise. Ayrik Limited reserves the right to adjust pricing due to supplier cost changes, exchange rate fluctuations, or raw material price movements occurring after the quotation date.
Volume Pricing: Volume-based pricing tiers are conditional upon the full ordered quantity being confirmed in a single purchase order. Partial orders may be re-quoted at the applicable single-tier rate.
3. Lead Times and Shipping
Estimated Lead Times: All lead times provided in quotations or order confirmations are estimates based on current supplier production schedules and logistics conditions. Lead times are not guaranteed and are subject to change without prior notice due to supplier delays, force majeure events, customs inspections, or transportation disruptions.
Shipping Terms: Unless otherwise agreed in writing, all shipments are governed by the Incoterms 2020 rule specified on the order confirmation. Risk of loss and title transfer in accordance with the applicable Incoterm.
Delivery Delays: Ayrik Limited shall not be liable for any delay or failure to perform its obligations where such delay or failure results from circumstances beyond its reasonable control, including but not limited to natural disasters, pandemics, government actions, port congestion, or supplier production interruptions.
4. Payment Terms
Payment is due in full within the timeframe specified on the invoice, unless alternative terms have been agreed in writing. The standard payment term is T/T (wire transfer) within fifteen (15) business days of invoice date.
Late payments may incur interest at a rate of 1.5% per month on the outstanding balance. Ayrik Limited reserves the right to suspend further deliveries or services until all overdue amounts are settled.
All bank charges and transfer fees on the remitting side are borne by the Client. Any bank charges on the receiving side will be borne by Ayrik Limited.
5. Quality and Inspection
Ayrik Limited conducts multi-stage quality verification including sourcing verification, factory audits, and batch testing prior to shipment. Certificates of Conformity (CoC) and relevant test reports are provided where applicable.
The Client shall inspect all goods within five (5) business days of receipt. Any claims for defects, shortages, or non-conformities must be submitted in writing within this period. Claims received after this window may not be accepted.
Ayrik Limited's liability for defective goods is limited, at our discretion, to replacement of the defective items or refund of the purchase price of the defective portion. In no event shall Ayrik Limited be liable for indirect, incidental, or consequential damages.
6. Limitation of Liability
To the maximum extent permitted by applicable law, Ayrik Limited's total aggregate liability arising out of or in connection with any order, quotation, or service shall not exceed the total value of the specific order to which the claim relates. Ayrik Limited shall not be liable for any loss of profit, loss of revenue, loss of business, or any indirect or consequential loss arising from or related to the use of its services or products.
7. Intellectual Property
All technical documentation, drawings, designs, and specifications shared by either party remain the intellectual property of the originating party. Neither party shall use the other's intellectual property for any purpose other than the fulfillment of the specific order or engagement to which such materials relate, without prior written consent.
8. Confidentiality
Both parties agree to maintain the confidentiality of all proprietary information, pricing, technical data, and business terms disclosed during the course of business. This obligation shall survive the termination of any business relationship for a period of two (2) years.
9. Governing Law and Dispute Resolution
These Terms and all business transactions between Ayrik Limited and its Clients shall be governed by and construed in accordance with the laws of the Hong Kong Special Administrative Region of the People's Republic of China. Any disputes arising out of or in connection with these Terms shall first be resolved through good-faith negotiation. Where negotiation fails, disputes shall be submitted to the Hong Kong International Arbitration Centre (HKIAC) for resolution under its then-current rules.
10. Amendments
Ayrik Limited reserves the right to amend these Terms at any time. The version of these Terms in effect at the time of each individual transaction shall govern that transaction. Clients are encouraged to review the latest version of these Terms on our website prior to placing orders.
11. Contact
For any questions regarding these Terms of Service, please contact:
Ayrik Limited
Unit 909, Prosperity Millennia Plaza, 663 King's Road, Sai Ying Pun, Hong Kong