Common use of Price and currency Clause in Contracts

Price and currency. 2.2.1. The Client is obligated to pay the price the parties have agreed upon. If the Task is per- formed according to an estimate, the Client is obligated to pay the price stipulated by the Logistics Department according to clause 2.2.4 and 2.2.5. 2.2.2. All prices are exclusive VAT and any other dues and taxes unless otherwise expressly stated. 2.2.3. All prices are in Danish Kroner (DKK) unless otherwise expressly stated. If an alternative currency is expressly stated the Client bears the risk of any fluctuation of the exchange rate. 2.2.4. The Logistics Department will stipulate the price in view of (i) the Tariff Group of the units/cranes involved and the use of standard equipment and tools, (ii) the necessity of technical engineering, calculations and expertise, (iii) performance of the Task in usual team sizes using the gear normally employed in the port in question and within normal working hours and (iiii) continuous execution of the Task without interruptions due to the weather, the Goods, inadequate preparation or any other matter caused by the Client. 2.2.5. If the parties have not agreed upon a price, if the Task is performed on basis of an estimate or when the Logistics Department has performed additional work according to clause