Core Program Handbook - Bendix

PROGRAM OVERVIEW
BENDIX CORE PROGRAM HANDBOOK
RETURNING CORES
Cores must be returned to Bendix within 12 months after the end of the month in which the
corresponding remanufactured exchange order was shipped. For example: for any material
shipped in January, the customer has until the end of the following January before the core
allowance will be due. (NOTE: Cores must be shipped by the 15th of each month.)
If a core is not returned against a purchase within the prescribed time, the customer will forfeit
the core from the original billing.
Cores must be shipped with a bill of lading dated by the 15th of the month. Cores shipped after
the 15th will be in the following month's activity. If the 15th falls on a weekend or generally
recognized business holiday, cores must be shipped by the following work day.
A returned core will create a credit in its own core group depending upon the exchange value
assigned to the core. Exchange values will vary by model, class, and grading within each core
grouping.
All orders for remanufactured products (unless it is an OR part #) will create a debit against its
respective core group.
Negative core balances will not be returned or refunded. A negative bank is where returns
exceed purchases. Excess returns will be available for core credit on future purchases of
remanufactured products from Bendix.
OBSOLESCENCE
Bendix offers the following alternatives to settle core banks for obsolete devices and core
groups. In a case where a device is obsoleted and the group the device was in remains active,
the values associated with the device remain within the Group and are not transferable. If the
device and the group are obsoleted, the value of the group bank may be transferred to any other
like active group.
For accounts operating under the Bendix UPFRONT program, you will have 12 months from
the date of obsolescence to settle outstanding core obligations. Customers may return the
obsoleted cores or any other active device within the group to settle this obligation. In the event
an obsolescence core balance becomes due and there has been no return, Bendix will charge
the account for the outstanding core value.
November 2009
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BW1020A