Terms and conditions for payment. 6.2.1. If the Parties agreed to postpone the payment after the delivery, the payment must be done, unless otherwise specified, within thirty (30) days after the invoice date, by means of bank receipt, bank transfer or other agreed means of payment. The payment is deemed to be done when the money is available for the Seller in his Italian bank.
6.2.2. Where the Parties agreed to anticipate the payment before the delivery without any further specification, it is presumed the payment refers to the entire Price. Unless the Parties agree otherwise, the anticipate payment must be done on the Seller’s checking account at least thirty (30) days before the agreed delivery.
6.2.3. Where the Parties agreed on the payment to be carried out via letter of credit, the Buyer, unless otherwise agreed, shall ensure that an irrevocable letter of credit, issued according to ICC’s Uniform Customs and Practice on letter of credit (Publication n. 500), will be notified to the Seller at the order confirmation. The letter of credit shall be attested by an Italian bank among the ones the Seller likes and, unless otherwise agreed, shall be payable at sight.
6.2.4. Where the Parties agreed on the payment against documents, the payment will be, unless otherwise agreed, Documents Against Payment.
6.2.5. Unless otherwise agreed, possible costs or bank commissions due in relation to the payment are to be paid by the Buyer.
Terms and conditions for payment. Invoices to be raised upon the satisfactory completion of each Scope as detailed above. One hundred per cent (100%) payment within thirty (30) Business Days against receipt of a properly rendered invoice as set out in Clause 7.2 of this Agreement and issue of a Final Acceptance Certificate for the Services and Deliverables to be issued by xxxxx. The Project Representative for xxxxx shall be: Name: Programme Director, Corporate Governance - xxxxx Address: xxxxx The Project Representative for the Company shall be: Name: Chief of Material Engineering Division - xxxxx Address: Vojensky vyzkumny ustav, s.p Xxxxxxxxx 000, 000 00 Xxxx, Xxxxx Xxxxxxxx Invoices shall be addressed to: Finance Department xxxxx xxxxx xxxxx and electronically to xxxx Each invoice must include the following minimum details: the name and reference of this Agreement; the name of the Project Representative; the description of the relevant Services/Deliverables; a copy of the Final Acceptance Certificate duly signed by xxxxx corresponding to the relevant Milestones as set out in this Agreement ; if applicable, the period to which the invoice relates; the Company’s bank account for payment; any other information reasonably requested by xxxxx; and the portion of the Fees being invoiced. Each invoice must be reviewed and approved by xxxxx’s Project Representative. To: Subject: Final Acceptance Certificate (the Final Acceptance Certificate) pursuant to the [ insert title ] (the Agreement) dated [ insert date ] with reference number [ insert reference number] between xxxxx (the Company) We, xxxxx, hereby certify that we have received the [Insert Services/ Deliverables/Milestone references] which have been performed to the satisfaction and in accordance with the terms and conditions of the Agreement. We hereby agree to release the respective payment for the work performed under the milestones of the Agreement as detailed below: For and on behalf of xxxxx by: ______________________ Name : Title : Date : Insurance Policy’s type Minimum of amount of insurance protection (per Insurance Policy’s type) Professional Indemnity Insurance $ xxxxx General Liability Insurance [includes third-party liability for bodily injury, property damage and any xxxxx property that may be in the possession of the Company] $ xxxxx Products/Services Liability Insurance. [Includes property damage resulting from the Products ( design or manufacturing defect)/Services] - $xxxxx
Terms and conditions for payment. Unless expressly modified by this Exhibit B2, all the terms and conditions of Exhibit B, and Exhibit B1-1 remain in full force and effect.
