Terms and conditions of payment.

 

 

a) Our Shipping and delivery terms and conditions states that all shipments handled by us has to be full isnured and a common agreement between our Consigner and consinees. The agreed percentage between consigner and consignee has to be paid, received and confirmed by the consignee before shipment can proceed. A payment receipt is required to be issued to us as proof of payment from the consigner before shipment.

b) The customer is only entitled to withhold or offset payments due to any counterclaims, including warranty claims, to the extent that the claims to payment are undisputed or have been established by a court of law or government authority.

c) We accept discountable and duly taxed bills of exchange on account of payment if this has been expressly agreed in advance. Credit notes for bills of exchange and cheques shall be issued subject to receipt less expenses with the value date being the day on which we can

dispose of the equivalent value.

d) In the event of late payment, interest shall be charged at the statutory rate, i.e. 9 % above the respective base rate of the European Central Bank.

e) If the terms of payment are not observed or facts become known which give rise to justified doubts as to the creditworthiness of the customer, all our claims, including those for which we have accepted bills of exchange, shall become due immediately. The same shall

apply to costs incurred, for services and for work in progress as well as finished goods which have not yet been delivered. In such cases, we shall only be required to perform outstanding deliveries and services against advance payment or provision of collateral and may withdraw

from the contract after a reasonable grace period or demand damages for non-performance.

Furthermore, we can prohibit the resale and processing of the delivered goods on the basis of the retention of title agreed in section 12 and demand their return or the transfer of indirect possession of the delivered goods at the customer’s expense and revoke the collection authorisation in accordance with section 12, letter

f). The customer hereby authorises us to enter its premises in the aforementioned cases and to collect the delivered goods. Taking back the goods shall only be deemed to constitute withdrawal from the agreement if we expressly declare such.

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