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Article 2 Purchase price and payment

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a) Prices quoted by us do not include applicable V.A.T., which must be added. Prices are calculated on the basis of quantities or weights as determined by us or our delivery facilities. Calculation may also be based upon quantities or weights ascertained by the receiving party, however, provided quantities/weights are determined using properly calibrated scales and the goods in question have been shipped at our risk.

b) Unless otherwise specified in the sales contract, the purchase price is payable in full in cash prior to delivery.

c) We reserve the right to charge interest on overdue accounts from the date payment is due at a rate 2 % above the applicable German Bundesbank discount rate in effect at a given time.

d) Additional claims for damages may also be filed in the event of delays in payment.

e) Cheques and bills of exchange are accepted for deposit only and represent fulfilment of payment obligations only when honoured. Bank fees will be charged to the purchaser.

f) The purchaser is entitled to offset only undisputed or judicially recognised claims against our claims for payment of the purchase price. Commercial customers may withhold the purchase price due to substantive deficiencies pending our decision regarding justification of the complaint in question. Withholding beyond this time requires presentation of appropriate security by the purchaser. Non-commercial customers are not entitled to withhold the purchase price in connection with complaints relating to orders other than the order on which the claim for payment of the purchase price is based.

g) In the event that the purchaser is in arrears with respect to payment of an invoice representing an amount of significance to the business relationship, all claims for payment accruing from business transacted to the date in question shall fall due immediately - without regard for pending bills of exchange accepted for payment against such claims. We shall then exercise the right to demand cash payment in advance of any further deliveries. If the delay in payment is not rectified within a reasonable period of time, we shall be entitled to cancel the contract or demand damages for non-performance. This applies in particular to subsequent transactions for which orders have been placed and confirmed but not yet executed. Should we become privy to information indicating that the purchaser is no longer credit-worthy, we shall be entitled to demand cash payment in advance of delivery of goods, despite the existence of other agreements, and to demand payment of all outstanding obligations.