BANKING - Program Guidelines  

  I. Initial Deposit  
  An initial deposit of 1,000 pounds of refrigerant is required to open an account. This can be a combination of different refrigerants. Refrigerant must meet NRI's Recovered Refrigerant Acceptance Specifications.  
  2. Future Deposit  
  After the initial deposit of a minimum of 1,000 pounds, subsequent deposits are accepted for a minimum of 500 pounds per deposit. Deposits of Low Pressure refrigerants are accepted in 100 pound drums and larger; deposits of High Pressure refrigerants are accepted in 125 pound cylinders and larger. CYLINDERS LESS THAN 125 LBS. ARE NOT ELIGIBLE FOR BANKING.  
  3. Minimum Balance  
  If, during the course of any month, the customer account balance falls below a total of 1,000 pounds, NRI may offer to purchase the balance of refrigerants as outlined in number 9 below.  
  4. Cleaning Charge   
  NRI will invoice for the cleaning and repurification of the total weight of verified refrigerant that can be recertified and restored to ARI 700 and Military Specifications BBF-1421 plus any contaminant disposal fees as follows:

Refrigerant
Price per Lb
R11
R12
R22
R113
R114
R500
R502
R13
R503
R134a
2.70
3.20
1.55
2.70
3.20
3.20
3.20
Call for Pricing
Call for Pricing
Call for Pricing

PLEASE CALL FOR ANY REFRIGERANT NOT LISTED

 
  5. Handling Fees/Disposal Charges  
 
Oil disposal greater than 20% (Low pressure):
Oil disposal greater than 10% (High Pressure):
Free standing water: $1.00/lb
High acid content: $1.00/lb
Mixed refrigerant (subject to analysis):
Overfilled container (weighing > 100 lbs):
Overfilled container (weighing < 100 lbs):
$1.00/lb
$1.00/lb
$1.00/lb
$1.00/lb
$3.00/lb
$50.00
$25.00
Disposal charges for contaminants above accepted levels will be determined on a case-by-case basis.
 
  6. Storage  
  The net reclaimed refrigerant is placed in bulk storage. A storage fee of $0.02 per pound, per month is then billed on a monthly basis starting the first full month after the material was received.  
  7. Withdrawal  
  A faxed or written authorization is required for withdrawal of refrigerant from the bank. Upon receipt of the withdrawal authorization at NRI, the customer should allow a minimum of fourteen (14) days for delivery of refrigerant. Withdrawals must be in 1,000 lbs. minimum quantities and taken in drums not larger than 200 lb. capacity or returnable cylinders not larger than 145 lb. capacity.  
  8. Reports  
  A banking report and invoice will be issued to the customer monthly.  
  9. NRI Purchase  
  If, at a later date, the customer does not require the banked refrigerant, NRI may offer to purchase the refrigerant at a mutually agreed upon price.  

All rates, terms and prices are subject to change. Prices do not include sales tax, if any. NRI reserves the right to alter its program upon 60 days notice.