Terms of payment

The invoices are to be paid, independently of the receipt of the goods and any defects within the terms we agreed. All payments are always credited first the oldest claims and then to interest and costs without regard to other dispositions of payment of the customer.

We do not permit the withholding of payments. Buyer is entitled to withhold the payment that it is based on the same contractual relationship. Withholding the payment is allowed only on a base of legally issued and confirmed claims. We allow cash discount only in case of exact fulfilment of all liabilities from past and present, including those from other contracts and for payments done on exact date.

In the event of late payments, we have the right to charge buyer for interest in accordance with the respective bank rates for short-term loans. Given points of above base rate are to be accepted without prejudice to any claims. The right to prove minor damage is allowed to the buyer.

Our claims are payable regardless of the duration of any changes or circumstances that are likely to reduce the creditworthiness of the customer. In case of credit problems of the buyer, without prejudice to other rights we may still execute outstanding deliveries against advance payment, as well - without withdrawing – prohibit the sale and use of reserved goods, revoke the authorization to sale our products and at the expense of the buyer return the goods. Returned goods can be used for sale and after deducting all expenses, the amount can be used for customer obligation closure.