1. Standard payment terms
- Payment term : 30 days after invoice date, unless otherwise agreed in writing.
- Payment method : Bank transfer. The required IBAN details are listed on the invoice.
- Billing : Invoices are sent by email or post, depending on the customer's preference.
2. Late payment
- If the payment term is exceeded, 1.5% interest per month (up to the legal maximum) charged.
- Possible collection costs will be charged in accordance with legal standards.
3. Prepayment and interim invoicing
- For new customers or large projects, a advance payment of 30% to 50% to be asked.
- For long-term assignments, interim invoices are agreed upon, for example monthly.
4. Discounts for early payment
The following discounts apply, provided that it is explicitly stated upon payment :
- 1% discount upon payment within 10 days after invoice date.
- 2% discount if paid within 5 days.
- 3% discount upon payment when ordering.
5. Invoice disputes
- Disputes regarding invoices should be in writing within 8 days after invoice date to be reported.
- Disputes not reported or not reported on time do not suspend the payment obligation .
6. Enforcement in case of payment arrears
In case of repeated payment arrears, Hammerfast Europe BV reserves the right to:
- Suspend ongoing deliveries until payment is received.
- Only available for delivery against prepayment.
- To unilaterally terminate the business relationship.
