Pricing Policy
Americas
1. Pricing
1.1. Unilateral Advertised Price Policy: Nostrum will provide a suggested Minimum Advertised Price (“MAP”) for each part number. The MAP shall be the standard minimum price which the reseller can advertise products for retail sale.
1.1.1. The MAP excludes shipping or taxes. Retail shipping fees and taxes are the responsibility of the reseller and are not included in the MAP.
1.1.2. This policy is unilateral and does not constitute an agreement.
1.1.3. Resellers are permitted to advertise products at a standard retail price higher than the suggested MAP.
1.1.4. The policy in no way limits a reseller’s right to set its own transaction prices.
1.1.5. Internet resellers may communicate an actual sales price in a different manner, such as “Call for Pricing” or “Add to Cart to See Price”.
1.1.6. The policy applies to all off-site advertising, no matter what form.
1.1.7. Nostrum will provide the Reseller a MAP for each Nostrum Product in the Reseller’s wholesale catalog.
1.1.7. Nostrum will provide the Reseller a MAP for each Nostrum Product in the Reseller’s wholesale catalog.
1.1.8. MAP values shall be defined in US Dollars (“USD”). It shall be the responsibility of the Reseller, in the case that said Reseller is transacting in a currency other than USD, to monitor exchange rates and define MAP in the transacted currency.
1.1.9. Resellers shall be permitted to advertise product discounts, specials, sales or special offers, which result in a temporary advertised price below the suggested MAP, however shall only do so for less than 11 continual calendar days duration, and not to exceed more than 30 total calendar days per calendar year.
1.1.9.1 Any product that is advertised or sold below the MAP outside of the 30-day grace period for discounts/sales, without Nostrum Energy’s prior approval, will be in violation of Nostrum’s B2B pricing policies, and Nostrum may, at their sole discretion, take action against the Reseller, which can include immediate loss of Reseller’s account privileges.
1.1.9.2 The annual 30 total calendar day grace period cannot be rolled over from year to year.
1.1.10 The value of “Free Shipping” or “Free Installation” by the Reseller of Nostrum Products shall not be included in the MAP of the product.
1.1.11 Nostrum may or may not at any time, modify, suspend, or discontinue this policy in whole or in part. In such cases, Nostrum shall provide Resellers 30 day notice of policy changes.
1.1.12 Nostrum is not going to seek agreement from reseller to adhere to this policy. It is the Reseller’s discretion whether or not to comply.
European Union (“EU”)/United Kingdom (“UK”)
1. Retail Pricing
1.1. Recommended Resale Price Policy: Nostrum will provide a Recommended Resale Price (“RRP”) for each part number. The RRP shall be the recommended price which the reseller can offer products for retail sale.
1.1.1. The RRP excludes shipping or taxes. Retail shipping fees and taxes are the responsibility of the reseller and are not included in the RRP.
1.1.2. This RRP policy is non-binding and does not constitute an agreement.
1.1.3. This RRP policy in no way limits a reseller’s right to set its own transaction prices.
1.1.4. The value of “Free Shipping” or “Free Installation” by the Reseller of Nostrum Products shall not be included in the RRP of the product.
1.1.5. Nostrum may or may not at any time, modify, suspend, or discontinue this policy in whole or in part. In such cases, Nostrum shall provide Resellers 30 day notice of policy changes.
1.1.6. Nostrum is not going to seek agreement from reseller to adhere to this policy. It is the Reseller’s discretion whether or not to comply.