Common use of Original Invoice Clause in Contracts

Original Invoice. 2. Delivery Acceptance Acts (photocopies acceptable). In case of DAF delivery no escalation/de-escalation to be applied. 3.4. All banking expenses at the Buyers' bank and its Bank-Correspondent will be borne by the Buyers, at the Sellers bank and its Bank-Correspondent - by the Sellers. 3.5. The date of payment is the date of money withdrawal from Buyer’s account confirmed by the SWIFT copy. 3.6. Seller shall have the right to ask Buyer to effect prepayment of up to 80% (Eighty per cent) of total preliminary sum due for volume to be loaded in each agreed monthly lot. For prepayment the Seller pays to the Buyer interest calculated at the Libor rate for 1-month deposits in US dollars. Such interest shall be calculated and shall accrue on a daily basis (360 day year) according to the number of days elapsed plus 2% for the period from the payment value date till the date of the final payment. The applicable LIBOR interest rates shall be as administered by the ICE Benchmark Administration (IBA) (or any official successor thereto; or in absence of official successor the benchmark to be mutually agreed) and displayed on Page “LIBOR01” by Xxxxxxxx Reuters (or any official successor thereto; or in absence of official successor the benchmark to be mutually agreed) at 11.00

Original Invoice. 2. Delivery Acceptance Acts (photocopies acceptable). In case of DAF delivery no escalation/de-escalation to be applied. 3.4. All banking expenses at the Buyers' bank and its Bank-Correspondent will be borne by the Buyers, at the Sellers bank and its Bank-Correspondent - by the Sellers. 3.5. The date of payment is the date of money withdrawal from Buyer’s Xxxxx’x account confirmed by the SWIFT copy. 3.6. Seller shall have the right to ask Buyer to effect prepayment of up to 80% (Eighty per cent) of total preliminary sum due for volume to be loaded in each agreed monthly lot. For prepayment the Seller pays to the Buyer interest calculated at the Libor rate for 1-month deposits in US dollars. Such interest shall be calculated and shall accrue on a daily basis (360 day year) according to the number of days elapsed plus 2% for the period from the payment value date till the date of the final payment. The applicable LIBOR interest rates shall be as administered by the ICE Benchmark Administration (IBA) (or any official successor thereto; or in absence of official successor the benchmark to be mutually agreed) and displayed on Page “LIBOR01” by Xxxxxxxx Reuters (or any official successor thereto; or in absence of official successor the benchmark to be mutually agreed) at 11.00