Order Cancellation Policy

Purpose

The purpose of this document is to describe the conditions and fees applicable to order cancellations.

The intent of this policy is to recover all reasonable costs associated with customers cancelling orders. This policy is not intended to contradict any local or national laws or regulations that might stipulate customers’ rights to cancel orders. If local or national laws prescribe conditions under which customers may cancel orders, those local or national laws shall prevail.

Definitions

MTS (Make-to-Stock) products: MTS products are held in inventory.

MTO (Make-to-Order) products: MTO products are only made when a customer order requires the product.

Policy

Orders, once acknowledged by TSM Performance (hereinafter “TSM”), may not be cancelled without express written authorization by TSM. If and when authorized, the following cancellation fees may apply:

Order Cancellation Policy – Fee Schedule

Product Type  - Agreement Reached (order placed by customer; accepted & acknowledged by TSM) - Fee

All Products - Before shipping - None

MTS Products - After shipping - 25% Restocking Fee

MTO Products - After shipping - Non-Returnable, subject to manufacturer's warranty

Service - Before dispatch - 25%
              - After dispatch - 100%

This Order Cancellation Policy applies when the customer cancels all or part of an order after order acceptance and acknowledgement from TSM but before shipment of goods or execution of services.

Orders Cancelled After Shipment will be treated as a “Return” with all applicable fees. Refer to TSM’s Product Return Policies & Procedures.

Orders that are Refused at Delivery may be assessed an order cancellation fee, a restocking fee and/or other applicable fees.