Steel Reel Policy
Nehring Electrical Works Company (Nehring) agrees to repurchase steel reels sold to customers under the following terms and conditions.
Title and ownership of steel reels transfers to Customer at the time of shipment. Customer has no obligation to resell steel reels to Nehring. Steel reels repurchased within 1 year from the invoice date will be repurchased for 100% of the price paid by Customer. Steel reels repurchased within 2 years from the invoice date will be repurchased for 75% of the price paid by Customer. Please contact your Nehring sales agent to determine whether steel reels repurchased after 2 years from the invoice date may be repurchased.
Steel reels should be returned in good condition with normal wear expected. If a steel reel is returned with exceptional damage that makes the reel unusable, Nehring may refuse to repurchase the steel reel or choose to repair the damage and deduct the charges from the amount paid to the Customer for the repurchased steel reel.
Steel reels should not be returned without prior consent from Nehring. Nehring will provide Customer with shipping instructions and coordinate steel reel transportation. Customer shall ship freight collect via Nehring’s designated carrier. Customer shall prepare a bill of lading or manifest to accompany the steel reels, which includes the number of steel reels, date of sale to Nehring, origin, and destination designated by Nehring. Excess transportation costs resulting from shipping, other than in accordance with the instruction given by Nehring, will be deducted from the steel reel repurchase amount or charged to Customer’s account.