company buildings VB-Airsuspension

List of Definitions in pdf

The definitions in this List of Definitions are capitalised terms and expressions used in the Agreement of VBA and have the meanings as defined hereunder:

Affiliate(s)
the ultimate parent of such Party and any and all persons with respect to which such ultimate parent directly or indirectly, holds more than 50% (fifty per cent) of the nominal value of the share capital issued or more than 50% (fifty per cent) of the voting power at general meetings of a Party; and any person that has the power to appoint and to dismiss a majority of the directors or otherwise to direct the activities or policies of such Party whether through the ownership of securities, by contract or agency or otherwise or in respect of which a Party has such control

(the) Agreement
means the Framework Agreement and/or the TCP, if applicable, and any of its Written schedules, attachments or other documents applicable to the relationship between the Supplier and VBA, included the Purchase Agreement(s)

Barcode
a scannable code (example: RFID, BC 128, QR code) that contains information regarding a Purchase Order and/or Products Bridging Period the period needed for VBA to adjust to an extended Delivery Time proposed by the Supplier Example:
A Product is ordered weekly with a Delivery Time of 1 week. In week 1 VBA would order the Products needed in week 2, week 2 VBA would order the Products needed in week 3.
In week 1 Supplier changes Delivery Time to 3 weeks. This would mean VBA would be unable to receive products in week 2 and 3 as week 4 is the first option that is 3 weeks ahead.
During this period (in this example week 2 and 3) Supplier has to Deliver goods with a shorter Delivery Time to bridge the gap. VBA will order the products for week 2(Delivery Time of 1 week), week 3 (Delivery Time of 2 weeks) and the products for week 4 (Delivery Time of 3 weeks as proposed by Supplier) in week 1

Buyerscode
a code indicating internal purchasing conditions of VBA (examples: BtS-OK, BtS-OK-FC, BtS-PLAN-R).

Cancellation Notice
means a Notice made by VBA in Writing and sent to the Supplier informing the latter that they will cancel a Purchase Order, which has immediate effect

(to be) (in) Conform(ity)
means the Product and/or Service contains the Properties, Performance and characteristics that VBA may expect it to have on the basis of the Agreement, the Purchase Order and the Technical Documents. This also applies to any defects: the Product does not have any defects which the Product should not have on the basis of the Agreement, the Purchase Order and the Technical Documents. If applicable a instruction manual or instructions for safe and proper use should be included. If the Product and/or Service deviates in any way mentioned above or is in breach of article 7.6 of the QAA, it is deemed to be Non Conform

Damages
means any direct and indirect damages as well as consequential damages, such as, but not limited to, contractual penalties incurred by VBA, judicial and extra judicial costs and/or costs for Recall, or claims based on personal injury, included claims for loss of working capacity and/or death, including compensation (smartengeld) and including punitive damages, penalties, fines, claims, suits, actions, legal or administrative proceedings, demands, judgements, liabilities, interest, attorneys’ fees, (judicial and extrajudicial) costs and expenses of whatsoever kind or nature (including but not limited to special, indirect, incidental and/or consequential damages), in any manner caused or claimed to be caused by or in connection to Products and/or Services Delivered by the Supplier, or anyone acting under its direction or control or on its behalf

DCC
means Dutch Civil Code (Burgerlijk Wetboek)

Delivery / to Deliver / Delivered / Deliveries
means making the Products available to VBA, regardless of whether VBA takes possession of the Products at the time it is made available, or at the agreed address based on the relevant Incoterm

Delivery Date
the agreed upon date on which Products are to be Delivered. This date is based on the Lead Time, or agreement between Parties;

Drawing(s)
a drawing of a Product provided by VBA to Supplier, recognisable from its VBA logo, or a drawing of a Product provided by the Supplier to VBA and signed (ondertekend) by VBA

Drawing Number
the unique number of the Drawing of Product including it’s Revision Status

Electronic(ally)
any message sent or received via the agreed electronic data interchange (EDI)

Essential Stipulations
a stipulation that is of such essential importance that without this stipulation the agreement would not have been concluded or without this stipulation there would not be a consensus on the essence of the agreement. Examples of Essential Stipulations are the ordered Product or Service, the Product Number, the Drawing Number, the Price per Product or Service, the quantity, Quantity Discount or any applicable discount, Lead Time, Incoterms, MOQ, etc.

Expir(y)ation Date
a date until which a document is valid (example: an Offer has an Expiry Date of 4 months)

Forecast
means the monthly rolling forecast as an indication for planning purposes of VBA’s Products and/or Services requirements for a period to be determined by VBA

Framework Agreement
the agreement, called Framework Agreement of Purchase, which contains specific terms of purchase between VBA and its Supplier in deviation of the Terms & Conditions of Purchase Incoterm means the chosen

Incoterm
based on the ICC Incoterms 2020

Lead Time
the time stipulated in the Offer in Working Days for the Delivery of the Product

Loss(es)
missed revenue or loss of income, i.e. inability to sell Sale Products, Overstaffing

Marking of Parts
an explicit Written instruction concerning the marking of Products. If VBA makes a new revision of this document, VBA will send the Supplier the revised version of this document. The Supplier can at all times send an email to purchase@vbairsuspension.com to receive the latest revision of this document. The revised version of this document shall apply to all Purchase Orders sent by VBA to the Supplier after the date of sharing the revised version of this document with the Supplier M

OQ (Minimal Order Quantity)
the minimum order size that a Supplier is willing to accept for a specific Product

Multiplier
per what number of Products a Purchase Order can be increased

Non Conform(ity)
means that the Product and/or Service is not in Conformit

Non Confirmity Report
a report issued by VBA describing a Non Conformity to Supplier

Non Disclosure Agreement, NDA
any agreement between the Parties regarding the confidentiality and non disclosure

Notice / to Notify
means any form of Written or Electronical communication with material effects on the Agreement

Notice Period
means the period stipulated in the Agreement in which a Notice must be given

Offer(s)
means the Written and/or Electronic offer of the Supplier to VBA for (a) specific Product(s).

Offer Form
the standardised form (template) as provided by VBA via their Website to provide VBA with an Offer

Overstaffing
means the situation where VBA is confronted with a workforce exceeding the essential number required for efficient and effective operation as a result of default by the Supplier

Package(ing)
means the actual material used by the Supplier to pack the Products for transportation, storage and Delivery

Packaging Registration Form
a form supplied by VBA to the Supplier on which the Supplier can propose a method of packaging Products in deviation/addition to the standard method of packaging Products

Packing List
the list provided by the Supplier describing what is part of this Delivery

Party/Parties
the parties to the Agreement

Party A-B Statement
the agreement called Agreement On The Foundation of Manufacturer Responsibilities As Holder Of ECE/EC Type Approval which contains specific terms for manufacturing of type-approval Products in accordance with EU-guidelines

Performance
the way a Product should perform based on the Technical Documents and any other requirements, such as test results, if applicable

Price(s)
the price Supplier has Offered to VBA for a certain Product per Price Unit without VAT

Price Unit
the unit a price is per. Examples: per piece, per box, per 100 pieces, per meter)

Product(s)
the products to be Delivered by the Supplier to VBA which can be identified by their unique Product Number (and Drawing Number, if applicable), including any rights or claims connected with it. Products should always be in Conformity

Product(ion) Batch
a specific group of Products that are traceable by a unique production batch number assigned by the Supplier

Product Number
the unique identifying number of the (Delivered) Product assigned by VBA (and if applicable a Drawing Number is connected to this Product Number)

Properties
the properties and/or characteristics a Product should have, included the material and/or specific components used, such as the colour etc., as implied in the Technical Documents

Purchase Agreement (koopovereenkomst)
the result of the Purchase Order (aanvaarding) based on the Offer (aanbod)

Purchase Order Number
means the unique number of the Purchase Order generated by VBA Purchase Order(s) the purchase order transmitted by VBA Electronically or in Writing (with a unique identifying number assigned by VBA) or the Written acceptance by VBA of the Offer transmitted by the Supplier, as the case may be

Quality Assurance Agreement, QAA
the agreement between Parties concerning quality assurance and requirements

Quantity Discount (staffel)
an incentive offered to VBA that results in a decreased price per unit of Products and/or Services when purchased in greater numbers.

Recall(s)
any measure aimed at and necessary for achieving the return of a product that has already been made available to the consumer, including all of the same Products in stock, because the Product is (deemed to be) defective, Non Conform or has any other kind of quality deviation in safety and/or (processing) operation of the Product or intellectual property infringement, as a result of which the Product does not offer the safety and/or operation that may be expected. For the purpose of the Agreement, recall includes withdrawal from the market, which means any measure aimed at preventing a Product in the supply chain from being made available on the market

Request For Information, RFI
a form supplied by VBA to the Supplier, to be filled out by the Supplier, to identify the business of the Supplier and determine if Parties wish to enter into a potential relationship in which Supplier will produce and/or supply Products to VBA

Revision Status
the unique version number assigned to unique statuses of a Drawing of a Product; the revision Status of a Drawing is always indicated by the last characters of the Drawing Number, i.e. D-00xxxx-XX. This can be a letter (D-00xxx—A) for prototypes or a number (D-00xxxx-00 or -01 and so on) for Products. An offer from a Supplier should always mention a Drawing, indicated with the Drawing Number, of which the last characters are the revision Status of the Drawing. A Drawing can be changed from time to time, a new version of which is indicated by a new revision Status

Sale Products
products sold to its customers or kept in stock by VBA, which are, or contain Products

Services
the services to be provided by Supplier to VBA as detailed and described in the relevant Offer and/or the Purchase Order or any other form of Written or Electronical form of communication

Subcontractor(s)
a company or person that carries out work, delivers supplies, semi finished products, components, material, and so forth for the Supplier, under its responsibility, to which a right may be transferred

Supplier
a natural person or legal entity that Delivers Products and/or Services to VBA and enters into the Agreement becoming a Party to it

Surface Conditions and Surface Treatment
an explicit Written instruction concerning surface conditions and surface treatment of the Products. If VBA makes a new revision of this document, VBA will send the Supplier the revised version of this document. The Supplier can at all times send an email to purchase@vbairsuspension.com to receive the latest revision of this document. The revised version of this document shall apply to all Purchase Orders sent by VBA to the Supplier after the date of sharing the revised version of this document with the Supplier

Terms & Conditions of Purchase, TCP
the latest version of the terms and conditions of purchase of VBA, as made available on the Website

Technical Document(s)
all documents, such as but not limited to construction documents and/or Drawings, Marking of Parts, Surface Conditions and Surface Treatment, Wiring Harness Assembly Guideline and/or technical specifications, that are/may be provided by VBA to its Supplier or any other document relevant for production or Delivery of Products to VBA and any other document designated by VBA as a technical document

Tooling Agreement
an agreement between the Parties regarding Tooling

Tooling
aspecific tool with which Supplier is able to make Products for VBA, molds included

Unit
the unit a Product is used in, this can be per Meter, per Piece, per box, per collo etc.

VBA
means the limited liability company incorporated under Dutch law VB-Airsuspension B.V. and/or a subsidiary

Website
the website of VBA: www.vbairsuspension.com

Wiring Harness Assembly Guideline
an explicit Written instruction concerning the production of Products that are wiring harnesses. If VBA makes a new revision of this document, VBA will send the Supplier the revised version of this document. The Supplier can at all times send an email to purchase@vbairsuspension.com to receive the latest revision of this document. The revised version of this document shall apply to all Purchase Orders sent by VBA to the Supplier after the date of sharing the revised version of this document with the Supplier

Working Days
means Mondays through Fridays but shall not include Saturdays, Sundays, or public holidays in the Netherlands

Written / in Writing
means all written messages, including e-mail