Common use of Responsibility for Payment Clause in Contracts

Responsibility for Payment. Without regard for customs duties, tax and other advances CWW standard payment terms are thirty (30) days. Standard terms for customs duties, tax and other outlays are ten (10) days. In the event Customer would like to have extended terms on customs duties, tax and other outlays, CWW may, at its sole option, extend terms up to thirty (30) days for a six (6) percent disbursement charge. The amount and terms of credit are subject to CWW’s periodic review, upon which CWW may increase decrease, suspend or revoke credit at any time. All invoices shall be paid without reduction or setoff. Although Customer may give CWW alternate payment instructions, Customer will always be primarily responsible for all shipping and delivery charges, as well as any other costs CWW may incur in either returning a shipment to Customer or storing it in a warehouse pending disposition. Any unpaid amounts shall bear interest from the date due at the lesser of 1.5% per month or the maximum rate allowed under applicable law. Should CWW, in its sole discretion, find it necessary to employ an attorney to collect amounts due hereunder, CWW shall be entitled to recover all reasonable attorneys’ fees incurred by CWW in connection therewith. All payments and rates will be made in USD, and subject to a currency adjustment factor, unless agreed otherwise. CWW reserves the right to revise any rates for currency fluctuations or changes in market conditions greater than three percent (3%) including, but not limited to rate fluctuations or other charges assessed by CWW’s underlying carriers.

Responsibility for Payment. Without regard for customs duties, tax and other advances advances, CWW standard payment terms are thirty (30) days. Standard terms for customs duties, tax and other outlays are ten (10) days. In the event Customer would like to have extended terms on customs duties, tax and other outlays, CWW may, at its sole option, extend terms up to thirty (30) days for a six percent (6%) percent disbursement charge. The amount and terms of credit are subject to CWW’s periodic review, upon which CWW may increase increase, decrease, suspend or revoke credit at any time. All invoices shall be paid without reduction or setoff. Although Customer may give CWW alternate payment instructions, Customer will always be primarily responsible for all shipping and delivery charges, as well as any other costs CWW may incur in either returning a shipment to Customer or storing it in a warehouse pending disposition. Any unpaid amounts shall bear interest from the date due at the lesser of one and one-half percent (1.5% %) per month or the maximum rate allowed under applicable law. Should CWW, in its sole discretion, find it necessary to employ an attorney to collect amounts due hereunder, CWW shall be entitled to recover all reasonable attorneys’ fees incurred by CWW in connection therewith. All payments and rates will be made in USD, and subject to a currency adjustment factor, unless agreed otherwise. CWW reserves the right to revise any rates for currency fluctuations or changes in market conditions greater than three percent (3%) including, but not limited to to, rate fluctuations or other charges assessed by CWW’s underlying carriers.