GENERAL SALES AND PAYMENT TERMS

1.
a) Our prices are calculated net for material, packaging included, departure from our warehouses. The shipping costs with a minimum of 12.50 Euro per delivery can be charged, VAT at the expense of the buyer.
b) The material is checked by us and if possible, its proper functioning checked before the final shipment.
c) Exemption from customs duties will only be taken into account if this modality is provided on the order form and to the extent that the customs administration accepts the exemption. If desired, we undertake the formalities, but without any guarantee on our part.

2. No commitment made by our agents or representatives is valid unless approved in writing by our company. Our general terms and conditions of sale nullify and supersede all other terms and conditions of the buyer unless confirmed in writing.

3. Any amendment to this contract or to this agreement must have been subject to written acceptance by our company to be valid.

4.
a) Complaints due to visible defects are late if the customer has not made any reservations on receipt of the goods.
b) If the complaint concerns a hidden defect, it must be made known, also by registered letter, within eight days after the defect has come to light, failing which the complaint will be inadmissible. In addition, the parties agree that the short term within which the customer must submit his claim (Article 1648 of the Dutch Civil Code) is six months from the moment the customer has established the defect. Exceeding this term is considered late by the parties.
c) In case of acknowledgment of responsibility, we are free to choose between replacement, repair, preparation of a credit note or payment of compensation. In the latter case, fatness will have to be taken into account in any case.

5. The delivery times indicated by us are purely indicative and do not imply any commitment. No delay in delivery can bind our responsibility or give rise to compensation, fines, total or partial cancellation of contracts, or purchase for account.

6.
a) Our invoices must be paid in cash.
b) Orders of goods with our company will have to be paid in cash on delivery.
c) Amounts not paid on their due date are entitled to an interest of 12%. The debtor is in default in accordance with Article 1139 of the Dutch Civil Code by allowing the due date to pass and without any reminder being required.
d) In addition, amounts that have not been paid on their due date entitle them to a flat-rate increase in the invoice debt as determined below, as compensation for the administrative inconvenience and disorganization that the default entails. This compensation amounts to a minimum of 123.95 Euros, 15% on the first tranche of 1,239.47 Euros of the principal, 10% on the second tranche of 1,239.48 Euros to 24,789.35 Euros and 7% on the tranche containing the 24,789.36 Euro exceeds; all this without prejudice to the judicial interest on the compensation clause, to be calculated from the official demand for payment.
e) Each bill of exchange permits us to debit the general expenses of our bankers if we resort to this procedure.
f) If the customer does not pay an invoice on time, all our invoices to the customer will become immediately due and payable.

7. The goods remain the property of Suminvent bvba until all invoices have been paid.

8. Payments must be made at the registered office of the company or exclusively to the financial organizations stated on the invoice.

9. The contracts and agreements are executed in accordance with Belgian laws and customs. Any dispute will be brought before the Courts of Ypres, even if bills of exchange have been drawn and are payable at the buyer's place of residence.

10. We reserve the right to make partial deliveries and invoicing. The amount of these invoices is also payable in cash.

11. Plans or diagrams of custom-made devices or circuits remain the property of Suminvent bvba unless explicitly stated otherwise on the quotation.

12. For amounts under 25 Euros, 12.50 Euros administration costs will be charged.

13. If the customer does not perform his commitment(s) correctly or on time, we have the right either to suspend our performance (including for other orders), or to terminate the agreement(s) with the customer, without the customer being entitled is entitled to compensation, without prejudice to the exercise of any other rights that belong to our company.

SPECIAL TERMS AND CONDITIONS OF THE QUOTE


1. Any change in the parity price from the closing of the sale and until payment may entail an identical change in the pre-agreed price.
2. Any change in the price of energy and raw materials such as gold, silver, etc ... between the date of our quotation and the date of our invoicing, may entail a similar change in the price of the invoicing.
3. Any increase in duties and taxes after the conclusion of the sale will be borne by the buyer.
4. Period of validity of the quotation: 30 days unless otherwise stated on the quotation.