Common use of Prices and Terms of Payment Clause in Contracts

Prices and Terms of Payment. 3.1 Unless agreed otherwise in writing, prices exclude packing, freight, insurance and any other additional charges (such as storage, inspections by third parties). The price payable by the Customer for the Works under this Contract shall be referred to in this Contract as the “Contract Price”. 3.2 Unless expressly stated otherwise, if Siemens undertakes any erection, assembly, installation, commissioning or testing of the Works or a part of the Works outside Siemens’ own premises (“Works on Site”), the Customer shall bear all incidental costs, such as travel expenses, daily allowances, in addition to the Contract Price. 3.3 The Contract Price is exclusive of any indirect taxes (such as property, license, sales, use, value added or similar tax) and/or any duties, customs or public charges related to the Contract. The Customer agrees to pay or reimburse Siemens for any taxes, customs, duties or other public charges levied on Siemens in relation to the Works. All payments shall be made to Siemens’ bank account without deduction (e.g. deduction of withholding tax) within 30 days after issuance of the invoice. If the Customer is required to make a deduction by law, the sum payable shall be increased so that Siemens receives a net amount equal to the amount it would have received without such deduction. The Customer shall provide to Siemens tax receipts from the relevant tax authorities in connection with the payments in due course. 3.4 For all payment obligations of the Customer towards Siemens under this Contract, the Customer shall provide Siemens with an irrevocable and unconditional letter of credit (referred to as “L/C”) in favor of Siemens, in the amount of all of the Customer’s payment obligations, allowing partial and trans-shipments as well as partial drawings, to be opened at the date of Contract signature at the order of the Customer by a first-class international bank acceptable to Siemens. The L/C shall be issued in a form and on terms satisfactory to Siemens and be advised and confirmed by a first class bank of Siemens’ choice. The L/C shall be payable at sight and be available at the counters of the advising or confirming bank respectively against presentation of the commercial invoices or advance payment invoices issued by Siemens. The L/C shall be amended as required to cover any price adjustments. All expenses, commissions and charges arising in connection with the L/C shall be borne by the Customer. The Customer shall indemnify Siemens for any such expenses, commissions and charges deducted by a bank. If a payment request of Siemens under the L/C is rejected or payment is not received by Siemens within 30 days after the payment request, Siemens may claim payment from the Customer. The Customer shall ensure that (i) the L/C remains valid and enforceable until all payment obligations towards Siemens have been fulfilled, and (ii) the amount available for drawing under the L/C is at no time less than the amount of all payment obligations of the Customer towards Siemens under this Contract. If the Customer fails to satisfy the before stated obligations, without prejudice to Siemens’ other rights and remedies, Siemens is entitled to immediately suspend its performance under this Contract and, if such failure continues for a period of 30 calendar days, to terminate this Contract pursuant to Clause 16 with immediate effect. 3.5 Without prejudice to any other rights it may have, Siemens may charge interest at 9 percentage points above the current base lending rate of the European Central Bank on any overdue payments. 3.6 Each party must pay all sums that it owes to the other party under this Contract free and clear without any set-off, counterclaim, deduction or withholding of any kind, save as agreed otherwise in writing or as may be required by law.

Prices and Terms of Payment. 3.1 Unless agreed otherwise in writing, prices exclude packing, freight, insurance insurance, and any other additional charges (such as storage, inspections by third parties). The price payable by the Customer for the Works under this Contract shall be referred to in this Contract as the “Contract Price”. 3.2 Unless expressly stated otherwise, if Siemens undertakes any erection, assembly, installation, commissioning or testing of the Works or a part of the Works outside Siemens’ own premises (“Works on Site”), the Customer shall bear all incidental costs, such as travel expenses, daily allowances, in addition to the Contract Price. 3.3 The Contract Price is exclusive of any indirect taxes (such as property, license, sales, use, value added or similar tax) and/or any duties, customs or public charges related to the Contract. The Customer agrees to pay or reimburse Siemens Trench for any taxes, customs, duties duties, or other public charges levied on Siemens Trench in relation to the WorksSupplies. All payments shall be made to Siemens’ Trench’s bank account without deduction (e.g. deduction of withholding tax) within 30 days after issuance of the invoice. If the Customer is required to make a deduction by law, the sum payable shall be increased so that Siemens Trench receives a net amount equal to the amount it would have received without such deduction. The Customer shall provide to Siemens Trench tax receipts from the relevant tax authorities in connection with the payments in due course. 3.4 3.3 For all payment obligations of the Customer towards Siemens Trench under this Contract, the Customer shall provide Siemens Trench with an irrevocable and unconditional letter of credit (referred to as “L/C”) in favor favour of SiemensTrench, in the amount of all of the Customer’s payment obligations, allowing partial and trans-shipments as well as partial drawings, to be opened at the date of Contract signature at the order of the Customer by a first-class international bank acceptable to SiemensTrench. The L/C shall be issued in a form and on terms satisfactory to Siemens Trench and be advised and confirmed by a first first- class bank of Siemens’ Trench’s choice. The L/C shall be payable at sight and be available at the counters of the advising or confirming bank respectively against presentation of the commercial invoices or advance payment invoices issued by SiemensTrench. The L/C shall be amended as required to cover any price adjustments. All expenses, commissions and charges arising in connection with the L/C shall be borne by the Customer. The Customer shall indemnify Siemens Trench for any such expenses, commissions and charges deducted by a bank. If a payment request of Siemens Trench under the L/C is rejected or payment is not received by Siemens Trench within 30 days after the payment request, Siemens Trench may claim payment from the Customer. The Customer shall ensure that (i) the L/C remains valid and enforceable until all payment obligations towards Siemens Trench have been fulfilled, and (ii) the amount available for drawing under the L/C is at no time less than the amount of all payment obligations of the Customer towards Siemens Trench under this Contract. If the Customer fails to satisfy the before stated obligations, without prejudice to Siemens’ Xxxxxx’s other rights and remedies, Siemens Trench is entitled to immediately suspend its performance under this Contract and, if such failure continues for a period of 30 calendar days, to terminate this Contract pursuant to Clause 16 15 with immediate effect. 3.5 3.4 Without prejudice to any other rights it may have, Siemens Trench may charge interest at 9 percentage points above the current base lending rate of the European Central Bank on any overdue payments. 3.6 3.5 Each party must pay all sums that it owes to the other party under this Contract free and clear without any set-off, counterclaim, deduction or withholding of any kind, save as agreed otherwise in writing or as may be required by law. 3.6 Trench standards documents in English are included in the price and will be forwarded at the time of shipment. If other documents or another format is requested, same would be at an additional price.

Prices and Terms of Payment. 3.1 Unless agreed otherwise in writing, prices exclude packing, freight, insurance and any other additional charges (such as storage, inspections by third parties). The price payable by the Customer for the Works under this Contract shall be referred to in this Contract as the “Contract Price”. 3.2 Unless expressly stated otherwise, if Siemens undertakes any erection, assembly, installation, commissioning or testing of the Works or a part of the Works outside Siemens’ own premises (“Works on Site”), the Customer shall bear all incidental costs, such as travel expenses, daily allowances, in addition to the Contract Price. 3.3 The Contract Price is exclusive of any indirect taxes (such as property, license, sales, use, value added or similar tax) and/or any duties, customs or public charges related to the Contract. The Customer agrees to pay or reimburse Siemens for any taxes, customs, duties or other public charges levied on Siemens in relation to the WorksSupplies. All payments shall be made to Siemens’ bank account without deduction (e.g. deduction of withholding tax) within 30 days after issuance of the invoice. If the Customer is required to make a deduction by law, the sum payable shall be increased so that Siemens receives a net amount equal to the amount it would have received without such deduction. The Customer shall provide to Siemens tax receipts from the relevant tax authorities in connection with the payments in due course. 3.4 3.3 For all payment obligations of the Customer towards Siemens under this Contract, the Customer shall provide Siemens with an irrevocable and unconditional letter of credit (referred to as “L/C”) in favor of Siemens, in the amount of all of the Customer’s payment obligations, allowing partial and trans-trans- shipments as well as partial drawings, to be opened at the date of Contract signature at the order of the Customer by a first-first- class international bank acceptable to Siemens. The L/C shall be issued in a form and on terms satisfactory to Siemens and be advised and confirmed by a first class bank of Siemens’ choice. The L/C shall be payable at sight and be available at the counters of the advising or confirming bank respectively against presentation of the commercial invoices or advance payment invoices issued by Siemens. The L/C shall be amended as required to cover any price adjustments. All expenses, commissions and charges arising in connection with the L/C shall be borne by the Customer. The Customer shall indemnify Siemens for any such expenses, commissions and charges deducted by a bank. If a payment request of Siemens under the L/C is rejected or payment is not received by Siemens within 30 days after the payment request, Siemens may claim payment from the Customer. The Customer shall ensure that (i) the L/C remains valid and enforceable until all payment obligations towards Siemens have been fulfilled, and (ii) the amount available for drawing under the L/C is at no time less than the amount of all payment obligations of the Customer towards Siemens under this Contract. If the Customer fails to satisfy the before stated obligations, without prejudice to Siemens’ other rights and remedies, Siemens is entitled to immediately suspend its performance under this Contract and, if such failure continues for a period of 30 calendar days, to terminate this Contract pursuant to Clause 16 15 with immediate effect. 3.5 3.4 Without prejudice to any other rights it may have, Siemens may charge interest at 9 percentage points above the current base lending rate of the European Central Bank on any overdue payments. 3.6 3.5 Each party must pay all sums that it owes to the other party under this Contract free and clear without any set-off, counterclaim, deduction or withholding of any kind, save as agreed otherwise in writing or as may be required by law.

Prices and Terms of Payment. 3.1 Unless agreed otherwise in writing, prices exclude packing, freight, insurance insurance, and any other additional charges (such as storage, inspections by third parties). The price payable by the Customer for the Works under this Contract shall be referred to in this Contract as the “Contract Price”. 3.2 Unless expressly stated otherwise, if Siemens undertakes any erection, assembly, installation, commissioning or testing of the Works or a part of the Works outside Siemens’ own premises (“Works on Site”), the Customer shall bear all incidental costs, such as travel expenses, daily allowances, in addition to the Contract Price. 3.3 The Contract Price is exclusive of any indirect taxes (such as property, license, sales, use, value added or similar tax) and/or any duties, customs or public charges related to the Contract. The Customer agrees to pay or reimburse Siemens Trench for any taxes, customs, duties duties, or other public charges levied on Siemens Trench in relation to the WorksSupplies. All payments shall be made to Siemens’ Trench’s bank account without deduction (e.g. deduction of withholding tax) within 30 days after issuance of the invoice. If the Customer is required to make a deduction by law, the sum payable shall be increased so that Siemens Trench receives a net amount equal to the amount it would have received without such deduction. The Customer shall provide to Siemens Trench tax receipts from the relevant tax authorities in connection with the payments in due course. 3.4 3.3 For all payment obligations of the Customer towards Siemens Trench under this Contract, the Customer shall provide Siemens Trench with an irrevocable and unconditional letter of credit (referred to as “L/C”) in favor favour of SiemensTrench, in the amount of all of the Customer’s payment obligations, allowing partial and trans-trans- shipments as well as partial drawings, to be opened at the date of Contract signature at the order of the Customer by a first-class international bank acceptable to SiemensTrench. The L/C shall be issued in a form and on terms satisfactory to Siemens Trench and be advised and confirmed by a first class firstclass bank of Siemens’ Trench’s choice. The L/C shall be payable at sight and be available at the counters of the advising or confirming bank respectively against presentation of the commercial invoices or advance payment invoices issued by SiemensTrench. The L/C shall be amended as required to cover any price adjustments. All expenses, commissions and charges arising in connection with the L/C shall be borne by the Customer. The Customer shall indemnify Siemens Trench for any such expenses, commissions and charges deducted by a bank. If a payment request of Siemens Trench under the L/C is rejected or payment is not received by Siemens Trench within 30 days after the payment request, Siemens Trench may claim payment from the Customer. The Customer shall ensure that (i) the L/C remains valid and enforceable until all payment obligations towards Siemens Trench have been fulfilled, and (ii) the amount available for drawing under the L/C is at no time less than the amount of all payment obligations of the Customer towards Siemens Trench under this Contract. If the Customer fails to satisfy the before stated obligations, without prejudice to Siemens’ Xxxxxx’s other rights and remedies, Siemens Trench is entitled to immediately suspend its performance under this Contract and, if such failure continues for a period of 30 calendar days, to terminate this Contract pursuant to Clause 16 15 with immediate effect. 3.5 3.4 Without prejudice to any other rights it may have, Siemens Trench may charge interest at 9 percentage points above the current base lending rate of the European Central Bank on any overdue payments. 3.6 3.5 Each party must pay all sums that it owes to the other party under this Contract free and clear without any set-off, counterclaim, deduction or withholding of any kind, save as agreed otherwise in writing or as may be required by law. 3.6 Trench standards documents in English are included in the price and will be forwarded at the time of shipment. If other documents or another format is requested, same would be at an additional price.

Prices and Terms of Payment. 3.1 Unless agreed otherwise in writing, prices exclude packing, freight, insurance and any other additional charges (such as storage, inspections by third parties). The price payable by the Customer for the Works under this Contract shall be referred to in this Contract as the “Contract Price”. 3.2 Unless expressly stated otherwise, if Siemens undertakes any erection, assembly, installation, commissioning or testing of the Works or a part of the Works outside Siemens’ own premises (“Works on Site”), the Customer shall bear all incidental costs, such as travel expenses, daily allowances, in addition to the Contract Price. 3.3 The Contract Price is exclusive of any indirect taxes (such as property, license, sales, use, value added or similar tax) and/or any duties, customs or public charges related to the Contract. The Customer agrees to pay or reimburse Siemens Trench for any taxes, customs, duties or other public charges levied on Siemens Trench in relation to the WorksSupplies. All payments shall be made to SiemensTrench’ bank account without deduction (e.g. deduction of withholding tax) within 30 days after issuance of the invoice. If the Customer is required to make a deduction by law, the sum payable shall be increased so that Siemens Trench receives a net amount equal to the amount it would have received without such deduction. The Customer shall provide to Siemens Trench tax receipts from the relevant tax authorities in connection with the payments in due course. 3.4 3.3 For all payment obligations of the Customer towards Siemens Trench under this Contract, the Customer shall provide Siemens Trench with an irrevocable and unconditional letter of credit (referred to as “L/C”) in favor of SiemensTrench, in the amount of all of the Customer’s payment obligations, allowing partial and trans-shipments as well as partial drawings, to be opened at the date of Contract signature at the order of the Customer by a first-class international bank acceptable to SiemensTrench. The L/C shall be issued in a form and on terms satisfactory to Siemens Trench and be advised and confirmed by a first class bank of SiemensTrench’ choice. The L/C shall be payable at sight and be available at the counters of the advising or confirming bank respectively against presentation of the commercial invoices or advance payment invoices issued by SiemensTrench. The L/C shall be amended as required to cover any price adjustments. All expenses, commissions and charges arising in connection with the L/C shall be borne by the Customer. The Customer shall indemnify Siemens Trench for any such expenses, commissions and charges deducted by a bank. If a payment request of Siemens Trench under the L/C is rejected or payment is not received by Siemens Trench within 30 days after the payment request, Siemens Trench may claim payment from the Customer. The Customer shall ensure that (i) the L/C remains valid and enforceable until all payment obligations towards Siemens Trench have been fulfilled, and (ii) the amount available for drawing under the L/C is at no time less than the amount of all payment obligations of the Customer towards Siemens Trench under this Contract. If the Customer fails to satisfy the before stated obligations, without prejudice to SiemensTrench’ other rights and remedies, Siemens Trench is entitled to immediately suspend its performance under this Contract and, if such failure continues for a period of 30 calendar days, to terminate this Contract pursuant to Clause 16 15 with immediate effect. 3.5 3.4 Without prejudice to any other rights it may have, Siemens Trench may charge interest at 9 percentage points above the current base lending rate of the European Central Bank on any overdue payments. 3.6 3.5 Each party must pay all sums that it owes to the other party under this Contract free and clear without any set-off, counterclaim, deduction or withholding of any kind, save as agreed otherwise in writing or as may be required by law.

Prices and Terms of Payment. 3.1 Unless agreed otherwise in writing, prices exclude packing, freight, insurance and any other additional charges (such as storage, inspections by third parties). The price payable by the Customer for the Works under this Contract shall be referred to in this Contract as the “Contract Price”. 3.2 Unless expressly stated otherwise, if Siemens undertakes any erection, assembly, installation, commissioning or testing of the Works or a part of the Works outside Siemens’ own premises (“Works on Site”), the The Customer shall bear all incidental costs, such as e.g. travel expenses, daily allowances, in addition to the Contract Price. 3.3 The Contract Price is exclusive of any indirect taxes (such as property, license, sales, use, value added or similar tax) and/or any duties, customs or public charges related to the Contract. The Customer agrees pay to pay or reimburse Siemens for any taxes, customs, duties or other public charges levied on Siemens in relation to the WorksServices. All payments shall be made to Siemens’ bank account without deduction (e.g. deduction of withholding tax) within 30 days after issuance of the invoice. If the Customer is required to make a deduction by law, the sum payable shall be increased so that Siemens receives a net amount equal to the amount it would have received without such deduction. The Customer shall provide to Siemens tax receipts from the relevant tax authorities in connection with the payments in due course. 3.4 For all payment obligations of the Customer towards Siemens under this Contract, the Customer shall provide Siemens with an irrevocable and unconditional letter of credit (referred to as “L/C”) in favor of Siemens, in the amount of all of the Customer’s payment obligations, allowing partial and trans-trans- shipments as well as partial drawings, to be opened at the date of Contract signature at the order of the Customer by a first-first- class international bank acceptable to Siemens. The L/C shall be issued in a form and on terms satisfactory to Siemens and be advised and confirmed by a first class bank of Siemens’ choice. The L/C shall be payable at sight and be available at the counters of the advising or confirming bank respectively against presentation of the commercial invoices or advance payment invoices issued by Siemens. The L/C shall be amended as required to cover any price adjustments. All expenses, commissions and charges arising in connection with the L/C shall be borne by the Customer. The Customer shall indemnify Siemens for any such expenses, commissions and charges deducted by a bank. If a payment request of Siemens under the L/C is rejected or payment is not received by Siemens within 30 days after the payment request, Siemens may claim payment from the Customer. The Customer shall ensure that (i) the L/C remains valid and enforceable until all payment obligations towards Siemens have been fulfilled, and (ii) the amount available for drawing under the L/C is at no time less than the amount of all payment obligations of the Customer towards Siemens under this Contract. If the Customer fails to satisfy the before stated obligations, without prejudice to Siemens’ other rights and remedies, Siemens is entitled to immediately suspend its performance under this Contract and, if such failure continues for a period of 30 calendar days, to terminate this Contract pursuant to Clause 16 with immediate effect. . 3.5 Without prejudice to any other rights it may have, Siemens may charge interest at 9 percentage points above the current base lending rate of the European Central Bank on any overdue payments. 3.6 Each party must pay all sums that it owes to the other party under this Contract free and clear without any set-off, counterclaim, deduction or withholding of any kind, save as agreed otherwise in writing or as may be required by law.

Prices and Terms of Payment. 3.1 Unless agreed otherwise in writing, prices exclude packing, freight, insurance and any other additional charges (such as storage, inspections by third parties). The price payable by the Customer for the Works under this Contract shall be referred to in this Contract as the “Contract Price”. 3.2 Unless expressly stated otherwise, if Siemens undertakes any erection, assembly, installation, commissioning or testing of the Works or a part of the Works outside Siemens’ own premises (“Works on Site”), the Customer shall bear all incidental costs, such as travel expenses, daily allowances, in addition to the Contract Price. 3.3 The Contract Price is exclusive of any indirect taxes (such as property, license, sales, use, value added or similar tax) and/or any duties, customs or public charges related to the Contract. The Customer agrees to pay or reimburse Siemens Trench for any taxes, customs, duties or other public charges levied on Siemens Trench in relation to the WorksSupplies. All payments shall be made to SiemensTrench’ bank account without deduction (e.g. deduction of withholding tax) within 30 days after issuance of the invoice. If the Customer is required to make a deduction by law, the sum payable shall be increased so that Siemens Trench receives a net amount equal to the amount it would have received without such deduction. The Customer shall provide to Siemens Trench tax receipts from the relevant tax authorities in connection with the payments in due course. 3.4 3.3 For all payment obligations of the Customer towards Siemens Trench under this Contract, the Customer shall provide Siemens Trench with an irrevocable and unconditional letter of credit (referred to as “L/C”) in favor of SiemensTrench, in the amount of all of the Customer’s payment obligations, allowing partial and trans-trans- shipments as well as partial drawings, to be opened at the date of Contract signature at the order of the Customer by a first-class international bank acceptable to SiemensTrench. The L/C shall be issued in a form and on terms satisfactory to Siemens Trench and be advised and confirmed by a first class bank of SiemensTrench’ choice. The L/C shall be payable at sight and be available at the counters of the advising or confirming bank respectively against presentation of the commercial invoices or advance payment invoices issued by SiemensTrench. The L/C shall be amended as required to cover any price adjustments. All expenses, commissions and charges arising in connection with the L/C shall be borne by the Customer. The Customer shall indemnify Siemens Trench for any such expenses, commissions and charges deducted by a bank. If a payment request of Siemens Trench under the L/C is rejected or payment is not received by Siemens Trench within 30 days after the payment request, Siemens Trench may claim payment from the Customer. The Customer shall ensure that (i) the L/C remains valid and enforceable until all payment obligations towards Siemens Trench have been fulfilled, and (ii) the amount available for drawing under the L/C is at no time less than the amount of all payment obligations of the Customer towards Siemens Trench under this Contract. If the Customer fails to satisfy the before stated obligations, without prejudice to SiemensTrench’ other rights and remedies, Siemens Trench is entitled to immediately suspend its performance under this Contract and, if such failure continues for a period of 30 calendar days, to terminate this Contract pursuant to Clause 16 15 with immediate effect. 3.5 3.4 Without prejudice to any other rights it may have, Siemens Trench may charge interest at 9 percentage points above the current base lending rate of the European Central Bank on any overdue payments. 3.6 3.5 Each party must pay all sums that it owes to the other party under this Contract free and clear without any set-off, counterclaim, deduction or withholding of any kind, save as agreed otherwise in writing or as may be required by law.