D.  Price & payment

Unless otherwise agreed our prices are understood to be net in UNITED STATE DOLLAR in respect of unpacked merchandise ex works. All work of modifications not mentioned in our quotation shall be separately billed. Should the factors determining the prices be modified between conclusion of the contract and delivery we reserve the right to modify our prices in consequence thereof. Payment conditions are specified in our quotation and order confirmations. The payment of an amount due shall not be delayed for any reason whatsoever and shall be effected without deduction of discounts, costs, taxes or emoluments of any type whatsoever. The date on which payment is considered effected is that of reception thereof by our accounts department. We are not required to accept bill of exchange in payment; the expenses which they may cause us are to be borne by our customer. In case of late payment, we shall be entitled to charge interest based on the interest and cost fixed by the major banks without being required to grant in advance a term for performance to our customer. In case of partial deliveries the price is due pro rata the value of deliveries effected. In the case of assembly in our customer's establishment a delay beyond our control shall not entitle our customer to defer payments. We shall be entitled to suspend our deliveries should our customer fail to respect the payment terms. In such cases, no summons by our customer shall have legal effect. Payments shall be valid only when effected to us. Our assistants, representations etc. may not validly receive payments except upon presentation of a power of attorney.