Packaging, Pricing and Payment. 1. Unless agreed otherwise, prices are ex works and excluding packag- ing; value added tax shall be added at the then applicable rate. Prices offered are not binding for reorders.
2. Should considerable increases in material and labor costs occur between the conclusion of contract and the transfer of risk, the Supplier reserves the right to adjust the prices adequately.
3. Payments shall be made immediately when due in the effective cur- rency specified on the invoice. Payments shall be made to the Sup- plier’s account without any deductions and free of transaction charges. If payment by letter of credit has been agreed upon, the Customer shall bear the costs of opening, notifying and confirming such letter.
4. Bills of exchange are generally not accepted, exceptions require prior written agreement.
5. Bills of exchange and cheques can only be accepted to facilitate payment; the costs of discounting and collection are borne by the Customer. The Supplier is not liable for any bills of exchange which are not presented in time or for any failure to have a bill of exchange protested.
6. Invoices are payable net within 30 days from the invoice date. The credit entry date on the Supplier’s account is to be used as reference for determining the compliance with the above deadline. For payments by cheque, the date of the receipt of the cheque is considered to be the payment date.
7. If payment is not made within the deadline stipulated above, the Customer is deemed to be in default with payment. This entitles the Supplier to charge the applicable (statutory) interest for late payment and claim any additional damages resulting from the Customer’s default.
8. The Customer is not entitled to retain payment due to counter- claims which have not been accepted by the Supplier. The Cus- tomer may only set off claims which are undisputed or non-appealable.
9. In case of reasonable doubt regarding the Customer’s solvency, the Supplier reserves the right to demand an advance payment or an appropriate security. Applicable statutory provisions remain un- affected.
10. The minimum order value is 100, - EUR net.
