29 Guidelines for Paper Stock INSTITUTE OF SCRAP RECYCLING INDUSTRIES, INC. Copyright © 2022 Institute of Scrap Recycling Industries, Inc. Please refer to the following guide for valuable safety information: http://www.isri.org/safeshipping 6. Shipping Notice/Bill of Lading A bill of lading or shipping notice shall accompany each shipment to the Buyer and should include the following: a. Date of shipment b. Release number (if applicable) c. Number of units d. Grade of paper units e. Weight of load – For combination loads, individual unit weights may be indicated. f. Name of trucking company, trailer, rail car or container number and driver’s signature g. Routing Instruction (If applicable) h. Destination (If applicable) i. Shipper’s signature 7. Invoicing Invoices, if required, should conform to instructions on the order and include the following data: a. Date of shipment b. Railcar, truck number or container number c. Customer’s order number d. Release Number (if applicable)/Bill of Lading number e. Shipper’s invoice number f. Point of sale g. Number of units h. Weight and grade i. Price and extension j. Payment terms, including credit terms and discounts 8. Downgrade Claims/Rejections When notified of a claim/rejection, the Seller should advise the Buyer, within two business days, as to which of the following procedures the Seller has decided upon: a. Agree with the Buyer to a compromise acceptance and settlement. b. Inspect the quality of the rejected material. The inspection and final disposition by the Seller should take place within five business days of the notifica- tion. By mutual agreement, this time limit may be exceeded. c. Order repossession of the material (if applicable). d. Request that the Buyer agree to submit the rejected shipment to arbitration. Ill. Fulfillment by the Buyer The practice of the Buyer shall be in accordance with the following: 1. The Buyer will confirm all orders 2. Unloading While unloading the shipment the buyer is to inspect the contents so far as possible. If the shipment appears to be in accordance with the pur- chase or sales agreement, the buyer shall proceed with the unloading. The Buyer is obligated to supply the Seller with the weight of all the received material. If the shipment does not appear to be in accordance with the purchase or sales agreement, the Buyer shall immediately notify the Seller. 3. Claims and Rejections In the event of a claim or rejection, the Buyer shall be responsible for any paper stock used and the freight thereon. The buyer should use due diligence to maintain all controversial or rejected paper stock from external deterio- ration or contamination. IV. Miscellaneous Practices 1. Ownership a. When loaded the shipment is purchased “ex works” shipping point (INCOterm – EXW) and is in accor- dance with the purchase agreement covering the transaction, it becomes the property of the Buyer b. When the shipment is purchased on a “delivered” basis and is in accordance with the purchase or sales agreement covering the transaction, it remains the property of the Seller until it is delivered to the Buyer and verified with proof of delivery. 2. Carrier Selection a. When shipment is on an EXW basis, selection of the carrier is at the discretion of the Buyer unless other- wise agreed. b. When the shipment is on a delivered basis, selection of the carrier is at the discretion of the Seller unless otherwise agreed. 3. Excess Freight and Charges a. Any excess freight charges accruing on a shipment due to the failure by the Seller to adhere to the purchase agreement is the liability of the Seller and includes switching and freight charges. b. Any excess freight charges accruing on a shipment due to the failure of the Buyer to adhere to the purchase agreement is the liability of the Buyer and includes switching and freight charges c. Any demurrage accruing on a shipment due to the failure of the seller to ship in accordance with the purchase agreement except with respect to quality is the liability of the seller d. In the event that a rejection for quality stands, any demurrage accruing on the shipment prior to notifi- cation to the Seller shall be the Buyer’s liability.