Payment terms
A) Irrevocable Letter of Credit at sight for orders above USD10,000.-
B) 50% deposit with the order, balance 5 days before shipment.


Minimum order amount
Unless otherwise specified in our quotation all prices are based on minimum order amounts of US5,000.- per item.

For smaller quantities we will charge additional handling fees as follows:

USD 4,000.- - 5,000.- = USD150.-
USD 3,000.- - 4,000.- =10% of order amount
USD 2,000.- - 3,000.- =15% of order amount
USD 1,000.- - 2,000.- =20% of order amount

For orders above USD6,000.- the total value per individual item can be reduced to USD2,000.-, if the items belong to the same collection. For example to our collection of steel desktop tools.


Sample charges
For Samples we charge the quoted price plus a handling fee of USD50.- per sample order, both of which will be refunded once we have confirmed your order for larger quantities.

Certificate of Origin
Will be free of charge for orders over USD10,000.-. For orders below this amount, USD50.-/ copy will be charged.

Delivery time
Approximately 35 days after receipt of order confirmation and down payment or L/C.

General terms of sales, delivery and payment
1. General
2. Delivery
3. Reasons for late delivery
4. Post delivery time
5. Insurance
6. Freight basis
7. Payment Conditions
8. Property reservation
9. Claims
10. Place of Fulfilment
11. Place of jurisdiction and applicable law
12. Complaints

1. General
Offers, sales and deliveries will only be effected subject to the following terms of sales, delivery and payment unless being otherwise agreed in writing. The validity of the contract will not be affected in case individual terms mentioned hereafter would be ineffective. Any purchase terms of the buyer are herewith rejected. It is not necessary to reject explicitly any purchase terms of the buyer upon conclusion of the contract.

2. Delivery
The seller has the right of shipping in one or more lots with or without trans-shipment. The delivery will be effected – as far as no other agreement has been made-cif port of destination as per Incoterms 2000, i.e. the buyer has among other things.

- to accept the documents provided by the seller upon their presentation.
- to pay the price as per contract.
- to take delivery of the goods at the port of destination contracted.
- to pay all custom duties and all other charges in connection with the import.
- to obtain at his own risk and account all import licenses, certificates etc.which he needs for the importation of the goods at the place of destination.

In case the buyer wants to claim compensation because of non-fulfilment or in case he wants to withdraw from the contract he must grant the seller another post delivery time of 4 weeks and must inform the seller that he rejects the fulfilment after expiration of the time limit. The post delivery time starts from the day on which the buyer’s information is sent by registered airmail or telex. These conditions apply also to the fact in case the buyer insists on the contract being fulfilled as per Paragraph 1, sentence 2.

Prior to the exploration of the post delivery time buyer’s claims for reasons of late delivery are excluded.

In case of piece goods being found faulty at the weaving, dyeing , printing or finishing factory and in case the corresponding factory cannot be expected to re-make the goods in time the seller must inform the buyer without delay. The buyer must decide and inform the seller within 10 days after receipt of such information whether he wants to accept the faulty goods as they are. Claims for compensation because of non-delivery of the faulty goods are excluded.

5. Insurance
All risks whatsoever involved in transport of the goods from warehouse are for buyer’s account. If contracted on cif-terms insurance will be covered by the seller at British Standard conditions including theft, pilferage and non-delivery Clause. WPA if amounting to 3%, each package valued separately. The insurance will also cover risk of war, mines derelict, torpedoes, strikes, riots, civil commotions and miscellaneous damage. Special risks such as rust, breakage, leakage etc. Will be covered only if specially requested by the buyer, extra premium for buyer’s account. Bulk articles will be only insured on FPA terms. Any increase or reduction in the insurance premium becoming effective after the date of confirmation of order and exceeding 1/2% is for buyer’s account. The seller cannot be made responsible for any risk not covered under the a.m. terms of insurance.

6. Freight basis
Prices confirmed are based on the rates of freight at the date of the order confirmation. Any increase or reduction in the rate of freight becoming effective after the date of the confirmation is for buyer’s account.

7. Payment Conditions
When concluding the contract the method of payment is agreed upon between the buyer and the seller. The seller has the right to effect an early delivery, but not exceeding 18 days before the delivery date contracted, without granting interest. Any charges in connection with the method of payment have to be done exclusively by the buyer. Any deductions (for instance postage etc.) are not allowed.

Any payments received will be used for settlement of the amounts due for the longest period including interest.

The payments has to be made in cash, by bank transfer or by Irrevocable Letter of Credit, bills of exchange and cheques will only be accepted as means of payment; debts will only be considered as settled after the bills of exchange and/or cheques have been honoured. The settling of accounts including counter claims not yet accepted by the seller and retaining of due invoice amounts by the buyer is not allowed.

Non-fulfilment of the payment conditions, delay in payment or circumstances which may affect the credit rating of the buyer to the negative will result in all outstanding claims of the seller falling due immediately. They give the seller the right to effect deliveries not yet been made only against advance payment or against Irrevocable Letter of Credit, to withdraw from the contract or to claim compensation for non-fulfilment. Furthermore the seller has the right to forbid the buyer to sell or process the goods which were supplied by the seller under property reservation and has the right to re-possess the goods. Acceptance of the returned goods means only withdrawal of the contract if this has been explicitly declared in writing. Transport and other charges in connection with the returning of the goods are for buyer’s account. The buyer has the right to demand the delivery of the goods the return of which had been accepted without written withdrawal from the contract only after the price and all charges have been paid completely.

Interest at the rate of 8% p.a. will be charged in case invoices will be not paid on or before the due date.

8. Property reservation
Until all outstanding claims including future ones, especially until bills of exchange and cheques have been honoured, the seller reserves the right of possession of all goods delivered by him. The buyer is neither allowed to mortgage the goods delivered under reservation of property nor may be cede the rights to the goods as security to any 3rd party. The right of property reservation is extended to any new products manufactured. In cases the goods are being processes by connecting or mixing with goods not belonging to the seller the latter becomes co-proprietor. The buyer cedes already now his right as proprietor and co-proprietor respectively of the mentioned goods or the new product to the seller.

The buyer is only allowed to sell the delivered goods in regular business transactions. He herewith cedes all his claims resulting from selling the goods to the seller as security and until payment of all goods delivered by the seller has been effected. As long as the buyer meets his liabilities according to contract he has the right to collect all claims which have been ceded to the seller as outlined above. The authorization to collect the outstanding claims can be withdrawn by the seller at any time. The buyer is obliged to Inform his sub-client upon demand of the seller about the cession and to give all information and to hand over all documents necessary for the assertion of the right. The right to sell of the goods in regular business transactions expires in case of non-payment and upon opening of bankruptcy and settlement sub judice proceedings.

The buyer has to inform the seller without delay about any prospective or effected mortgages or any other encroachment upon the rights of the seller by any 3rd party.

9. Claims
If not otherwise agreed all orders are considered as concluded as per sample. Claims are only justified if a discrepancy between the delivered goods and the sample can be proved.

Claims have to be lodged without delay and are excluded in case same have not been received by the seller within two weeks after receipt of the goods. After the buyer starts to process the delivered goods any claim is excluded.

Small deviations or those which are customary in trade and which cannot be avoided technically in respect of assortment, quality, colour, width, weight, finish or design of the goods, cannot be claimed.