This Service Annex incorporates and is governed by the Seller Terms and Conditions. The combination of the Seller Terms and Conditions and the provisions of this Service Annex shall together constitute the contract between the parties. You agree to be liable for the Fees as follows:
Closing: For all orders, we shall charge the below closing fee per sold product.
Pick Up: For all orders, we shall charge the below pick up fee per delivered product.
Cancellation: We shall charge the below seller cancellation fee for seller-initiated/seller fault cancellations for SB2B.
Re-stocking: We shall charge following re-stocking fees for FBN sellers, for RTVs not collected within 14 days
Long Term Storage: Following Long Term Storage Fee will be applicable to FBN, for all the inventory in the ageing bucket of more than 180 days, at the end of a given month.
For all sales transactions, we shall charge a sales commission based on the selling price (excluding applicable VAT) with different commission fees per product family and product type as stated below. Also, the sales commission differs depending on business models:
- Back to Back: In this business model the product remains at the Seller’s warehouse and will be picked up by noon when a Customer places an order for the relevant product; or
- Fulfilled by noon (FBN): In this business model, the products are stored at noon’s customer fulfilment centre.
The sales commission percentages listed below are inclusive of VAT.