General Conditions of Sale and Delivery

  1. General 
    Our Conditions of Sale and Delivery are an Integral part of all our business
    transactions and additional deliveries connected therewith.
    Modifications of and deviations from our General Delivery and Sales
    Conditions are only valid if expressively stipulated in writing. Any other
    conditions of the customer which are in contradiction to our Delivery and
    Sales Conditions are only valid if we have expressly acknowledged them in
    writing.

  2. Quotations and Acknowledgement of Order
    Our quotations are without commitment. Contracts are concluded by our
    written order confirmations which are solely decisive for scope and execution
    of the order. Any additions or amendments are only valid of confirmed by us in
    writing. Any documents and particulars pertaining to the tender submitted
    such as brochures drawings, weights, dimensions and performance figures
    shall be deemed to be approximate only, unless a statement to the effect that
    they are final is expressly made. Cost estimates, drawings and other
    documents as well as the copyright thereto shall remain our property. They
    must not be made available to any third party without our written consent.

  3. Prices
    Unless otherwise specified the prices quoted are or works excluding packing,
    transportation insurance, freight and erection on site.
    Any prices not quoted in Deutsche Mark (DM) are calculated on the rate of
    exchange of the quoted currency and the Deutsche Mark prevailing at the
    date of quotation. We reserve the right in the event of any alteration in such
    rate of exchange before the final payment is received to adjust the prices
    quoted in accordance with such alteration or alterations.

  4. Terms of Payment
    Unless otherwise agreed of the purchase price shall be made in full net and
    free to the Company´s Bankers before the date for delivery under the contract.
    Interest is not payable on advance payments or down-payments which are
    contractually agreed. Holding back payments or making deductions because
    of any non-agreed counterclaims by the customer are not permitted. If orders
    are stopped the costs incurred become due immediately. In the event of the
    due date of any payment not being kept three percent interest over and above
    the bank rate fixed by the Deutsche Bundesbank (Federal Bank of West
    Germany) will be charged without any formal notification being given. Further
    claims are reserved. If delivery has been made before payment of the whole
    sum payable under the contract, the plant delivered shall to the extent
    permitted by the law of the country where the plant is situated after delivery
    remain our property until such payment has been effected. If such law does
    not permit us to retain the property in the plant we shall be entitled to the
    benefit or such other rights in respect thereof such law permits us to retain.
    The customer shall give every assistance in taking any measures required to
    protect our right of property of such other rights as aforesaid.
    In the event of the customer falling to effect payments after the goods have
    been delivered, the customer will at our request return the goods at his
    expense to us and pay to us an amount accepted by us in respect of
    deprecation of the goods. If the goods are not returned as required, we may
    without further notice commence proceedings for their return.

  5. Delivery
    Any date, which may be quoted for us delivery by us is intended as an
    estimate only and although we will use our best endeavours to deliver
    according to the quotation, we cannot be held liable for direct or indirect loss
    due to failure to deliver on any specific date. Penalty for delayed delivery
    requires of special written agreement. If the delay is evidently our fault and the
    customer produces certified documents which prove the damage suffered.
    The delivery period shall date from the receipt of a written order to proceed
    and all official formalities such as import and payment permits have been
    obtained the payments due with the order and possible securities have been
    effected and the essential technical points have been clarified.
    If delivery should be delayed in the supply of raw materials of component
    parts fire, tempest, accident, strike, lockout, war civil commotion or
    Government restriction or any other adverse conditions beyond our Immediate
    control the agreed date delivery shall be reasonably extended provided that
    such events have a material bearing on the fulfilment of the contract.

  6. Delivery and Passing of Risk
    Unless otherwise agreed goods shall be dispatched at the customer´s
    expense to the customers place of business. The risk passes to the customer
    as soon as he is given notification in writing, that goods are ready for dispatch.
    Goods are therefore stored and dispatched at the risk of the customer
    notwithstanding that transport and/or installation may be carried out under our
    supervision. We shall be entitled to change the costs for warehousing and
    maintenance after notification that the goods are ready for dispatch. We will
    arrange for the goods to be insured up to their full value at the expense of the
    customer during transit if specifically requested to do so.

  7. Guarantee and Liability
    Any condition or warranty - whether expressed or Implied by law or otherwise -
    save only such conditions or warranties as are expressly stated in These
    conditions is hereby excluded as also is any liability in negligence or
    otherwise. The only responsibility we will accept is either to repair, or at our
    choice to replace without delay all parts which become defective or
    Inoperative due to poor material, faulty design or deficient construction. The
    parts replaced become our property.
    We guarantee for a period of six months commencing as from date of
    dispatch of the goods ex our works or if we also supervise plant start-up, upon
    completion and acceptance, certified by the customer. If dispatch or start-up
    procedures are delayed for reasons beyond our control the period of
    guarantee ends twelve months after advice of readiness for dispatch at the
    latest.
    Unless otherwise stipulated the guarantee period is not extended due to
    rectification of defaults. Our guarantee does not cover damage due to normal
    wear and tear, defaults maintenance, maloperation by ignoring our operating
    instructions, overload, inadequate utilities, chemical or electrolytical
    influences, deficient construction and mounting carried out by others as well
    as other reasons beyond our control.
    Any guarantee concerning the performance of plants, including the quality and
    quantity of production shall expire if and when under the terms of the contract
    upon completion of a performance test of the plant the guarantee figures have
    been met.
    The guarantee expires if the customer or third persons carry out modifications
    or repairs on any delivered equipment without our prior written consent.
    Furthermore, if the customer fails to undertake suitable steps to prevent any
    damage will becoming greater and to enable us to eliminate these
    discrepancies, we are only liable in respect of those parts, which we have
    procured from sub-contractors within the guarantee granted to us by subcontractors.
    Any additional or other claims of the customer due to any damage
    or loss - whether direct of indirect - arising either in contract, law or otherwise
    or from any negligence of from cancellation of contract are not accepted.
    The foregoing stipulations also apply to deficient on-site erection or its
    supervision carried out by if their execution or supervision has been assumed
    by us by contract.

  8. Right of Cancellation
    We are entitled to cancel the contract if upon contract award we get
    knowledge of circumstances which make us fear that we shall not receive
    customer´s return for our performances in due time and to the full extent. This
    is equally applicable if the execution of our performance subsequently
    appears to be impossible. The customer does not have a right to claim for
    damages in case of such cancellation.

  9. Secrecy
    The customer will be obliged, to hold in strict confidence all drawings, data,
    information, etc. received from us under the contract and is not to disclose
    these to third parties without our prior written consent. The customer shall not
    without such approval use any drawings, data and information for any purpose
    other than the purpose provided for in the contract in particular for the
    extension of existing or for the erection of new plants.

  10. Force Majeure
    Any delays in/or failure of performance of either party to the contract shall not
    constitute default or give rise to any claim for damages if and to the extent
    such delays or failure of performance are caused by reasons outside the
    control of the parties such reasons being in the nature of force majeure which
    shall include acts of God, elements of nature, compliance with any order or
    act of any governmental or local authority, acts of war, rebellion or sabotage
    or damage resulting therefrom; fire, floods, lockouts or other concerted acts of
    workmen, whether direct or indirect; or any cause of the same class.
    Provided that no such cause shall be deemed to be force majeure unless the
    party affected shall notify the other party in writing within 21 days of the
    beginning of operation of the said cause and shall thereafter exert all possible
    diligence to overcome such cause of delay and resume performance.

  11. Place of Performance and Competency of Court
    The contract shall in all respects be construed and operate as a German
    contract and in conformity with German law.
    For delivery and payment the place of competency is Hamburg. We are,
    however, also entitled to petition before a court competent for the buyer. The
    parties by mutual agreement can stipulate the competence of an arbitration
    court.

    The contract is subject to the law of the Federal Republic of Germany.
 
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