Delay or Cancellation

In the event that the buyer delays and/or cancels the production of any goods already ordered and acknowledged by us for forward delivery, with less than FOUR weeks notice given to us in writing, we reserve the right to invoice the buyer with 40% of the order value so affected by the lack of prescribed notice, for payment in accordance with our nominal terms, as per paragraph 3.2. Furthermore, the full cost of any raw materials, bought-in parts, work in progress specially incurred against buyer’s order(s), which are not consumed within THREE months from the first notification to us of the delay or cancellation will be invoiced and payable in accordance with our normal terms.

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Delay or Cancellation
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