Effective as of December 02, 2015
GENERAL TERMS AND CONDITIONS OF SALE
INTERPIPE Europe SA, INTERPIPE Central Trade GmbH and KLW Wheelco SA
INTERPIPE Europe SA, INTERPIPE Central Trade GmbH and KLW Wheelco SA
effective as of December 02, 20151. Scope
1.1 These general terms and conditions (the “Terms”) shall apply to all products (the “Goods”) that are sold by the companies of Interpipe Group (the “Seller”) to the customer (the “Customer”).
1.2 The Terms, together with the Seller’s specific conditions contained in the respective order confirmation (the “Order Confirmation”) and such other documents, specifically incorporated by reference herein, shall constitute the entire agreement between the Customer and the Seller, and supersede, in their entirety, any other conflicting terms and conditions proposed by the Customer and any oral or written communications that are not expressly incorporated herein.
1.3 The Seller shall not recognize any terms and conditions of the Customer or any person placing the order, which contradict or diverge from these Terms, unless otherwise was explicitly agreed by the parties in writing. These Terms shall also apply if the Seller performs the delivery to the Customer or other party placing the order without reservations, in awareness of terms and conditions on the part of the Customer or other party placing the order which contradict or diverge from these Terms. A later objection or reservation against these Terms in spite of order and acceptance of the Goods by the Customer is irrelevant.
1.4 Agreements entered into between Seller or their agents and third parties shall only become valid upon Seller’s express written confirmation of the same.
1.5 The documentation, catalogues, samples, drawings, estimates and other materials produced by the Seller and any descriptions or illustrations contained in the Seller's catalogues or brochures are produced for the sole purpose of giving an approximate idea of the Goods described in them and for information purposes only, and shall not be binding without the respective Order Confirmation.
2. Prices - Payment
2.1 Unless otherwise expressly stated in the Order Confirmation, prices are net cash, and the Customer shall pay all taxes and charges for transportation, insurance, shipping, storage, handling, demurrage and similar items. Invoice payment shall be made net cash, without any deductions, within the terms envisaged by the Order Confirmation. If the due date of the invoice payment is a bank holiday in the country of the receiving or sending bank, in that case the invoice payment shall be made the last working day preceding the due date of the invoice payment.
2.2 If it should appear, if the Order Confirmation has been agreed and before the full price for the Goods has been paid, in particular on the basis of information from the Seller’s insurance agency, that the Customer’s credit rating is in doubt or is deteriorating, the Seller reserves the right, even after partial dispatch of the Goods, to require the Customer to supply such guarantees as the Seller deems appropriate with respect to the proper fulfilment of the undertakings the it has entered into. The refusal to satisfy such a requirement shall grant the Seller the right to cancel all or part of the transactions/deliveries providing a relevant written notice to the Customer of the same.
2.3 If Customer fails to pay on the due date, then Customer shall be obligated to pay, ipso jure and without prior notification, (i) interest at a rate of EURIBOR three months in effect at the date of the invoice beginning from the due date, and (ii) a fixed compensation amounting to 4% of the invoice amount as a damage provision without prejudice to any other rights of the Seller caused by the said payment failure. Should, however, the EURIBOR interest rate for the three months in effect mentioned under item (i) of this Article result in a negative rate (i.e. below 0%), no interest shall be accrued in favor of the Customer, and only a fixed compensation mentioned under item (ii) shall be due.
2.4 If the Customer is in default of payment on a claim, all other claims against such Customer can be called for payment at once. Moreover, the Seller shall be further authorized to cease the deliveries in respect not only of the order in respect of which payment was delayed but also any other order which is in the process of being delivered.
2.5 The Customer shall only be entitled to offset if his counter-claims have been legally determined, are undisputed or are expressly recognized by the Seller. Furthermore, it is only authorized to exercise a right of retention if the counter-claim is based on the same contractual relationship.
2.6 The Seller shall have the right to assign its claims against the Customer to any third parties.
2.7 All bank fees, save the Seller’s bank fees, shall be borne by the Customer.
3.1 The terms of delivery shall be specified in the Order Confirmation. Unless otherwise prescribed by the Order Confirmation, INCOTERMS 2010 shall be applicable for the interpretation of standard commercial delivery clauses. The risk shall pass in accordance with the applicable term.
3.2 Unless otherwise expressly agreed in the Order Confirmation, the delivery times shall not be regarded as binding, and delays in delivery shall not entitle the Customer to claim any damages resulting therefrom.
3.3 The commencement of the delivery period stated by the Seller in the Order Confirmation is conditional upon the clarification of all technical questions with the Customer.
3.4 Compliance with the Seller’s delivery obligation is also conditional upon prompt and correct fulfillment of the Customer’s obligation. The foregoing is without prejudice to the defense of non-performance of contract.
3.5 Where the Goods are sold on FCA condition, the Seller shall notify the Customer when the Goods are ready for collection at the agreed site and the Customer shall collect them without delay and in any event within 5 (five) working days from the date of the notification. If the Goods are not collected by the Customer within the prescribed term, the Seller may, at its sole discretion, dispatch the Goods to the other Customer, or store the Goods itself as it sees fit at the expense of the Customer. The Seller may decide to apply an additional penalty of 10 (ten) EURO per one tone of the Goods for each calendar week.
3.6 Delays in delivery shall only entitle the Customer to cancel the Goods not yet in the process of manufacture and only after having granted the Seller a reasonable grace period in order to remedy said delay and only after having sent the Seller a formal notice of default.
4.1 The marking, if required, shall be made in accordance with the norms adopted by the Seller, unless other requirements from the Customer agreed by Seller.
4.2 Provided specifically envisaged by the Order Confirmation, the package materials shall remain the Seller’s property and the Customer shall be obligated to return them to the Seller.
5. Conformity - Inspection
5.1 Upon delivery the Customer shall carry out an inspection of the Goods to check the quantity, technical and other parameters, stated in the Order Confirmation.
5.2 Any apparent defects, damage to the Goods (e.g. surface faults, package faults, etc.) and/or incompleteness of the delivery shall then be noted, and the respective reference (note) must be made in the CMR. No claim shall be accepted by the Seller in respect of any apparent defects/damage of the Goods or incompleteness of the delivery if the relevant reference (note) in the CMR was not made.
5.3 Subject to clause 5.2 above, the Goods shall be considered accepted upon delivery to the Customer, if the Customer fails to make any comments in writing in respect thereof not later than 30 (thirty) calendar days after their delivery and before the Goods undergo any further processing. No claim shall be accepted by the Seller in respect of any defect, deficiency and/or failure of the Goods to meet the specific terms of the order which a reasonable inspection should have revealed but for which said inspection was not made.
6.1 The Seller guarantees that the Goods are in conformity with the specifications contained in Order Confirmation and applicable statutory requirements.
6.2 The Customer shall communicate to Seller all necessary information to ensure (a) the adequate elaboration of the specifications and (b) relative to the transformation and/or the final use of the Goods and recognizes that the Seller’s obligation of conformity is fully satisfied when these specifications have been met at the time of the delivery.
6.3 Any technical advice provided by the Seller, before and/or during the use of Goods, whether provided verbally or in writing or by way of trials, is given in good faith but without any warranty on the part of the Seller. The Seller’s advice shall not release the Customer from his obligation to test the Goods supplied by the Seller as to their suitability for the intended processes and uses.
6.4 Undetectable defects of the Goods at delivery must be notified to the Seller immediately upon discovery, by registered letter return receipt requested, but, in any event, no later than 12 (twelve) months after the Delivery. It is assumed that the Customer has the obligation to inspect the Goods thoroughly during the above-mentioned period. The notification of defects and faults has to be supported with documents proving the claim justification.
6.5 In any event, the Customer must fulfill its obligation of mitigation of damages and not be entitled to delay the payment of any outstanding invoices.
6.6 If the Goods are considered by the Seller as defective, then the Seller is exclusively obliged, at its sole discretion, either to replace or reimburse such Goods, or if the price has not already been paid by the Customer, to reduce such price or to cancel the said contract.
6.7 The Seller shall not be liable for any loss of processing expenses, loss of production, loss of revenue and/or any other consequential or special loss or damage directly or indirectly sustained by the Customer or by any other person whatsoever. The Seller can only be held liable for damages caused by its gross negligence duly proved by the Customer, and the Seller’s liability will in any event be limited to 100% of the invoiced value of the defective or damaged Goods.
7. Force Majeure
7.1The manufacture, shipment and delivery of the Goods hereunder shall be subject to, and the Seller shall not be liable for, any delay in or impairment or performance resulting in whole or in part from any war (whether or not declared), strike, labor conflict, accident, fire, flood, Acts of God, delay in transportation, shortage of materials, equipment breakdowns, mill conditions, laws, regulations, orders or acts of any governmental agency or body, or any cause beyond the reasonable control of the Seller, or rendering performance by the Seller impracticable due to the occurrence of a contingency the non-occurrence of which was a basic assumption on which the Order Confirmation was issued. In any such event, the Seller shall be entitled to such additional time to perform as may be reasonably necessary, and shall have the right to apportion its production among its customers in such a manner as it may deem equitable.
7.2 This provision shall apply, mutatis mutandis, to the Customer.
7.3 The occurrence of any such event of force majeure shall be notified in writing to the other party within 5 (five) days of the occurrence of any such event.
8. Applicable law and Jurisdiction
8.1 The laws of the country of the Seller’s incorporation shall be the applicable law in all disputes arising under these Terms.
8.2 The United Nations Convention on the International Sale of Goods (the Vienna Convention) is hereby expressly excluded.
8.3 Any dispute, controversy or claim arising out of or in connection with this Terms or Order Confirmation, or the breach, termination or invalidity thereof, shall be finally settled by arbitration administered by the Arbitration Institute of the Stockholm Chamber of Commerce (the "SCC"). The Rules for Expedited Arbitrations shall apply, unless the SCC in its discretion determines, taking into account the complexity of the case, the amount in dispute and other circumstances, that the Arbitration Rules shall apply. In the latter case, the SCC shall also decide whether the Arbitral Tribunal shall be composed of one arbitrator. The seat of arbitration shall be Stockholm. The language to be used in the arbitral proceedings shall be English. The arbitration award shall be final and binding to the parties.
8.4 Irrespective of the above, the Seller shall have the exclusive right to bring any dispute involving the Customer before the courts of the Customer’s jurisdiction of incorporation.
9.1 If any of Terms or part thereof shall be determined to be void, unenforceable or illegal in whole or contained in part, such determination shall not affect the validity of the other terms and conditions herein. In case of conflict between the provisions in the Order Confirmation and the wording of the present Terms, the provisions in the Order Confirmation shall prevail.
9.2 The parties shall keep (and ensure that their employees, subcontractors and agents keep) confidential and does not disclose to any person the terms of the Order Confirmation and any confidential or proprietary information provided to or acquired by the other party in the course of the cooperation.
9.3 The Seller’s failure to exercise any right shall not be deemed to be a waiver of such right.
9.4 This Terms shall apply to the sales made by Interpipe Europe SA, KLW-Wheelco SA and Interpipe Central Trade GmbH.