Supply Agreement between Aluminum Line Products Co. and Featherlite Trailers for Roof Coil (Jan–Jun 2003)

Contract Categories: Business Operations › Supply Agreements
Summary

Aluminum Line Products Co. (ALPCO) and Featherlite Trailers have agreed that ALPCO will supply Featherlite with specified quantities of aluminum roof coil from January 1 to June 30, 2003. Featherlite will pay weekly for all invoices, and ALPCO will make firm metal purchases to fulfill the contract. If Featherlite ends the agreement early or fails to take delivery of finished goods, it may be responsible for price differences, administration fees, and storage charges. The agreement ensures timely supply and payment for the contracted period.

Read More Arrow
EX-10.32 10 dex1032.txt LETTER AGREEMENT DATED 7/29/2002 EXHIBIT 10.32 Confidential portions of this document indicated by ***** have been omitted and filed separately with the Commission ALPCO Aluminum Line Products Co. 24460 Sperry Circle Westlake, Ohio 44145 ###-###-#### Fax: 440 ###-###-#### July 29, 2002 Shar Hruska Featherlite Trailers P O Box 320 Hwy 63 & 9 Cresco, Iowa Dear Shar This letter is to confirm our agreement to supply Featherlite with roof coil for the 1st half of calendar 2003. Aluminum Line has purchased a total of *****/lbs of metal on a firm basis for the program. Below are the details of the contract. QUANTITY #/lbs DESCRIPTION 3003-H16 Roof Coil ***** x ***** x Coil ***** x ***** x Coil ***** x ***** x Coil ***** x ***** x Coil ***** x ***** x Coil 20" ID W/Fiber Cores -- #/lbs max coils -- Standard mill pack; eye horizontal DURATION Contract beginning 1/1/2003 through 6/30/2003 PRICING _*****/ lb metal base + *****/ conv & *****/ conv for 2 coil releases
NARROW WIDTH (71.5 - 88.375) WIDE WIDTH 1 Coil Release 2 Coil Release 1 Coil Release 2 Coil Release - -------------- -------------- -------------- -------------- ***** / Lb *****/ lb *****/ lb *****/ lb
TERMS AND CONDITIONS 1. FOB: Cresco, Iowa 2. Terms: Net 7 days. Featherlite will FedEx a check to ALPCO every Monday for all invoices from the previous week. . In contracting this business, ALPCO will make substantial commitments to the mills on behalf of Featherlite Trailers through inventory and futures contracts. Early termination of the agreement, movement of hedged metal units outside of the agreed upon contract timeframe or finished goods that are unshipped at the end of the contract period would result in the potential following charges: EARLY TERMINATION OF THE AGREEMENT A. Featherlite Trailers would be responsible for the price differential in the contracted hedged metal units and the market price at the time of cancellation. B. Contract administration fee of *****/ lb on all unused hedged metal units C. Featherlite would be responsible for any unshipped finished goods due to early termination. ALPCO would hold finished goods no longer than 30 days from the date of cancellation. UNSHIPPED FINISHED GOODS AT CONTRACT EXPIRATION A. ALPCO will ship or invoice all unshipped finished goods within 30 days of contract expiration. B. If finished goods are invoiced and warehoused at ALPCO, a charge of ***** / lb per month will apply. Thank you for the continued support on your roof coil requirements. Everyone at ALPCO values and appreciates your business. Sincerely Jim Guerin Sales & Marketing Manager ACKNOWLEDGEMENT: I hereby acknowledge and accept the terms of the contract outlined above. Please accept my signature as a contractual agreement between Featherlite Trailers and Aluminum Line Products Co. Gary Ihrke -VP of Operations signed 7/29/02 Cc: Chris Harrington Ed Murray Jane Kuzniar Wendy Keading