General Terms and Conditions of Sale

Unless otherwise stipulated in writing, all our sales are deemed to have been concluded in accordance with our general terms and conditions of sale set forth below:

1. All products are sold, accepted, and approved ex-works before shipment or are deemed as such. We do not accept any other conditions, including those appearing on our customers’ purchase orders. No claims will be accepted after shipment, and goods travel at the risk and peril of the consignee. These conditions shall remain applicable, even if supplies are delivered carriage paid to destination.

2. We may invoke any force majeure situations, such as: interruption of navigation, accidents, partial or total strikes, lockouts, riots, disasters, restrictions or obstacles under laws or decrees, in general, and all causes that could harm or prevent the normal course of business. These situations release us from any obligation, justify the termination of the sale or the restriction of supplies or the postponement of delivery times, at our discretion and without compensation. These situations cannot lead to the termination of the sale by the customer.

3. For supplies delivered carriage paid, we will unload the goods at the place of destination, at the buyer’s expense.

4. The buyer acknowledges that, notwithstanding Article 1583 of the Civil Code, ownership of the goods delivered and not fully paid for, for any reason whatsoever, remains reserved to the seller until full payment. In the event of a breach of any of its obligations, each party is authorized, automatically and without prior formal notice, to suspend the performance of its obligation until full execution.

5. Even during execution, we shall be entitled to cancel the order without prior formal notice and to consider the order as executed, if the buyer does not take delivery of the goods within the agreed period, if they neglect to make payments on the required dates, if they refuse to provide the guarantees that we may request at any time for the proper performance of their commitments or if, without our prior agreement, they assign an order to a third party and, in general, if they fail to perform any of their commitments. We shall retain this right, without waiving our rights to compensation, and all sums still due shall become immediately payable.

6. Invoices are payable in cash at our offices in Chaineux, or elsewhere, if specific agreements so provide. We reserve the right to dispose of, or have our drafts accepted, without derogating in this case from the stipulation of the place of payment. Payment due dates are calculated from the shipping date, even if supplies are delivered carriage paid. Claims, even if justified, do not exempt from the obligation to pay. Invoices not paid on time shall automatically incur contractual interest of 12% per annum. If payment is not made within ten days following any formal notice, the amount will be contractually increased by a lump sum indemnity of 15% as damages, and a minimum of 40 EUR.

7. Agents and representatives are not authorized to collect the amount of invoices, and we only recognize receipts bearing our signature.

8. All disputes relating to the sale shall be submitted to the courts of Verviers, where the parties shall, if necessary, elect domicile for notifications.