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General terms of delivery and payment

IGEBA Geraetebau GmbH

I General terms

  1. All transactions are, without exception, subject to the following terms if no other arrangements are made in written form.
  2. Alterations and supplements or any arrangements have to be made in written form.
  3. A contract is only valid by our acknowledgement.
  4. Place of performance and legal venue for all quarrels arising from our business relationship is Kempten/Allgaeu – Germany.

II Delivery

  1. Transport and freight costs are charged to the buyers debit.
  2. Packing is invoiced at prime cost and can not be returned.
  3. We are allowed to effect partial deliveries.
  4. The buyer bears all transport risks. Stated delivery periods are without obligation. In case of unforeseen delays in delivery arising from force majeure, strike, lock-out, etc., also at our suppliers, the delivery periods have to be extended reasonably.

III Prices, payments

  1. All prices are quoted ex works, without mounting.
  2. As far as nothing different is agreed, payments are due at date of delivery, latest after receipt of invoice. Invoices are payable without deductions, if not agreed otherwise.
  3. Payment is considered to be done when IGEBA Geraetebau GmbH or a third party, being authorized by IGEBA Geraetebau GmbH, have the payment at their disposal.
  4. In case of exceeding the delay of payment, without any reminder interest up to the amount of 4% above the actual interest rate of the “Deutsche Bundesbank”, will be due. In case of adequate proof an even higher rate of interest may be debited.

IV Retention of title

  1. The goods delivered remain our property until the final settlement of all requirements, also if special marked requirements are already paid.
  2. The buyer is allowed to resell those goods belonging to us. In case of resale the buyer transfers all arising payment demands to us in advance.
  3. These goods have to be insured against all usual risks and have to be duly handled. Demands arising from a damage are transferred to us in advance.
  4. Should the value of all insurances exceed the requirements by 25%, the buyer can claim a release from insuring the goods.

V

Should parts of these terms become null and void, all other terms remain valid.