Common use of THE PRICE Clause in Contracts

THE PRICE. 1. The price of the package tour is expressed in euros and defined in the contract, with reference to what is indicated in the catalogue, or in the out-of-catalogue program and in any updates of the same catalogues or in the out-of-catalogue programs subsequently made, or on the Organizer's website. 2. After the conclusion of the package tour contract, the prices can be increased by the amount indicated by the Organizer, with a maximum of 8% only if the contract expressly mentioned it. The contract specifies that the Traveler is entitled to a corresponding reduction in the price, as well as the methods for calculating the price revision. In this case, the Traveler is entitled to a reduction in the price corresponding to the decrease in costs referred to in Art. 39 paragraph 2, letters a), b) and c) of the TC that occurs after the conclusion of the contract and before the start of the package tour. 3. Price increases are possible only as a consequence of changes regarding: a) the price of passenger transport based on the cost of fuel or other energy sources; b) the level of taxes or fees on tourist services included in the contract imposed by third parties not directly involved in the execution of the package, including landing, disembarking and boarding fees in ports and airports; c) the exchange rates relevant to the package. 4. If the price increase referred to in this article exceeds 8% of the overall package price, article 40, paragraphs 2, 3, 4 and 5 of the TC needs to be applied. 5. A price increase, regardless of its amount, is possible only after clear and precise communication on a durable medium by the Organizer to the Traveler, together with the justification for this increase and the calculation methods, at least twenty days before the start of the package tour. 6. In the event of a price decrease, the Organizer has the right to deduct the administrative and management costs of the actual paperwork from the reimbursement due to the Traveler, of which the Organizer is required to provide proof upon request to the Traveler.