General terms and conditions
These terms and conditions shall apply to any and all contracts and transactions carried out with NOR Metals Corp. company with regard to material processing as stipulated in greater detail herein under. The said terms and conditions shall apply subject to a formal, written contract to the contrary or to mandatory contradictory legal regulations.
Upon receipt or collection, NOR Metals is automatically authorized to weigh, process, burn/melt and assay the material. The company’s results will be binding on both parties for the final settlement.
The assignment to be carried out by NOR Metals shall consist solely and exclusively in burning the material entrusted by the client, to melt and separate the various precious metals (gold, platinum, palladium, silver to the exclusion of all others) and to refine the said metals. NOR Metals will then undertake, after separation of the metals, to pay the client for the extracted gold, silver palladium and platinum according to its defined rates. NOR Metals is entitled to dispose of and destroy all other material -besides from the four metals mentioned previously- contained in the scrap collected for treatment purposes
NOR Metals Corp. shall acquire the ownership of the said precious metals resulting from the processing of the shipped materials and for which remuneration shall be made.
Upon burning and melting of the collected material, NOR Metals will set up the remuneration process for the client with a restitution rate ranging from 95% to 99% of the value of the precious metals collected. The difference in rate will vary depending on the nature of the material and the quantity collected.
The price shall be calculated according to the average rate published by the London Stock Exchange for each valid precious metal in the week during which the materials were processed by the Company.
Settlement times are subject to and determined by the volume of material being treated, our production capacity upon receipt of the merchandise. Considering these conditions, settlement date may be modified from time to time.
Payment shall not be made for any materials other than Gold, Platinum, Palladium and Silver.
The said price and remuneration stipulated herein above are exclusive of Value Added Tax (VAT). The said VAT shall be applied in addition as required by law.
FORM OF PAYMENT
NOR Metals gives you the option to choose your preferred method of payment between
• Company check
• Money Order
• Gold Grains, Gold Bars or Laminated Plaques
• Bank Transfer
Upon implementation of the said assignment, NOR Metals Corp. shall draw up a report specifying the remaining precious metals, viz., Gold, Silver, Platinum and Palladium, as well as said remuneration. The client may request a copy of the statement at any point.
AGREEMENT AND MODIFICATION
The Terms and Conditions set forth herein contain the sole and entire agreement between the Company and the customer, and supersede all prior discussions, proposals, quotations, negotiations, representations, and agreements. No modification, waiver or discharge of any agreement or any of its terms shall bind the Company unless in writing and signed by a duly authorized representative to make such modification, waiver or discharge. We further reserve the right to modify any and all of the Terms and Conditions and any schedule called for hereunder without notice.
By providing NOR Metals with scrap to recycle, the client automatically certifies that they are authorized to conduct business on behalf of the company and the personal identifying information listed on this form is a true and accurate representation of the information listed on federal or state issued identification documents.