RINOL Italia Research & Technology Srl - Xdcms2.com

Conditions of supplì and payment3. Conditions of payment3.1 Agreed prices are understood as being ex-works Rovigo, net of taxes, customs duty andinsurance costs. Transport and packing costs, taxes and import/export duties are calculatedseparately. The same applies for surcharges in respect of small quantities. The right isreserved by the company to adjust prices following increases in the costs of materials, evenwhere orders have already been confirmed.3.2 Payment for all products and services supplied by RINOL Italia R & T Rovigo shall beremitted within 30 days of the invoice date, unless agreed otherwise.3.3 In the event of payment on invoices being overdue, all other supplies and sums becomepayable with immediate effect, and the 30 day window is no longer applicable. Wherepayments become overdue, the company also reserves the right to apply interest on arrearscalculated at 8% above the official Bank of Italy reference rate.3.4 Cheques and bills of exchange are accepted at the company’s discretion and constitute validpayment only after collection. Expenses and commissions on the collection of such bills arechargeable to the drawer.3.5 Goods and services supplied to companies unknown to us will be offered for cash ondelivery or payment in advance.3.6 Right of retention, compensation. The purchaser has a right of retention only in connectionwith uncontested and legally sound demands made within the scope of the contractualrelationship. Where counter-demands are contested by us, there can be no compensation.4. Retention of title4.1 Goods remain the property of the vendor until all credits have been paid, includingaccessory charges, compensation for damages and collection of cheques and bills ofexchange.4.2 Retention of title is applicable similarly in guaranteeing the balance of a current accountcontaining single credits payable to the vendor.4.3 Where goods subject to retention of title are processed and converted by the purchaser intonew movable goods, this will be done for the account of the vendor and with no obligation onthe vendor. The new goods will be the property of the vendor. Where goods are converted,or mixed with or incorporated into goods non belonging to the vendor, the vendor shallacquire co-ownership of the new goods in proportion to the invoiced value of the goodsinitially supplied and subject to retention of title.4.4 The purchaser is authorized to dispose of, process or incorporate goods subject to retentionof title only in accordance with the following provisions and on condition that the vendor haseffectively received the credits mentioned in clause 6):4.5 The freedom of the purchaser to dispose of, process or incorporate goods subject toretention of title within the scope of normal business practice ceases when prohibited by thevendor on the grounds of a subsequent deterioration in net worth of the purchaser and, atthe latest, when payments are suspended or when the assets of the purchaser are exposedas the result of a plea for bankruptcy being entered or composition proceedings initiated.4.6 a) At the outset, the purchaser assigns to the vendor the credit and all accessory rightsderiving from the sale of the goods subject to retention of title, including any credit balances.page : 2 of 4RINOL Italia Research & Technology Srl, Via V. Chiarugi 76/U, I-45100 RovigoTel. +39-0425-411200 Fax +39-0425-411222