Core Policy

Core Eligibilities - Cores owed resulting from purchases of remanufactured products

Core Bank - Cores returned in excess of Eligibility will result in a banked condition.

Cores

• 2008 Core transactions will be invoiced and reported by core part number, dollar value and units on a Like for Like Basis.
• 2008 Core eligibilities will be reported on a Like for Like Basis and can be reduced by the return of any Like core. Core units or values cannot be transferred between core part numbers.
• Core billing is immediate and will be shown on the invoice with the remanufactured product price as a separate line item. Carlisle’s standard payment terms apply to all cores.
• Cores are eligible to return for full credit against the customer eligibility up to 12 months from date of original purchase. Core eligibility older than 12 months will be expired.
• 2008 Core Returns: Core returns will always be applied to the oldest outstanding eligibility with in each Like for Like core part and will be applied first against any prior eligibility or bank that may have been created prior to January 1, 2008 within the original core groupings until all core eligibility or bank created prior to January 1, 2008 is satisfied or expires and then on a Like for Like basis for any Core eligibility or bank created after January 1, 2008. Returned cores will be credited at the price paid on the original invoice.
• Core returns which exceed core eligibilities will result in a core bank for that Like core. Cores banked but not used within 12 months will be expired from the core bank. Core banks cannot be converted to dollar credits or transferred to other core part numbers.
• 2008 Core bank balances can be reduced by purchasing remanufactured product against the Like for Like core or increased by returning more cores than purchased on a Like for Like Basis.
• Only returned cores meeting Altec’s core acceptance guidelines for remanufacturing will be accepted.
• Carlisle /Altec core prices are subject to change with 30 days notice.

Core Statements

• A monthly core statement will be mailed to each participating Altec customer if requested.
• A monthly core bank aging report will be mailed to each participating Altec customer showing any banked that will expire within the following 30 days

Core Acceptance
Cores considered for credit are shown on a Like for Like basis on the ALTEC/CARLISLE core acceptance form. These forms are supplied by ALTEC at the customers' request

Cores will be subject to inspection for defects, identification and counts prior to any core credit being issued.

All customers must perform the following checks before sending dirty cores back to ALTEC:

• Flared or mushroomed roller and anchor ends
• Torch damage
• Bent webs
• Broken welds
• Excessive rust
• Proper counts and identification

Returning Cores:
Shoes are to be separated and packed/shrink-wrapped on a pallet by the customer according to Core/Shoe part number. We realize that lower volume shoes may be combined on a pallet(s).

Each pallet must be marked with: customer name, core return form number, and skid count. Pallets not properly labeled will be credited at the sole discretion of Altec/Carlisle.

All returns must be accompanied by our "Altec / Carlisle – Core Return Form" that we provide. Fill out this form with your company name and the quantity of each core returned, etc. This will help us process your returns quicker as well as avoid any quantity or core part number issues.

Freight policy requires a minimum of "500" dirty cores to be returned at one time for freight to be prepaid. ALTEC requires whenever possible to have the dirty cores ready for pickup at time of delivery of cleaned, lined brake shoes.

If this is not possible at time of delivery, please contact the ALTEC facility and they will make the necessary arrangements to have the cores picked up.

If you have any questions regarding the Carlisle / Altec Core Policy please contact customer service at: