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1. PACKING & MARKING
 
Packing as per export standards complying to technical norms of Bumke GmbH & Co.KG
 
2. PAYMENTS
 
The Buyer shall pay 100% of the total invoice value upon the receipt of the goods within 60 days.
 
3. ACCEPTANCE OF THE GOODS
 

Acceptance of the goods in terms of quality and quantity shall be performed at destination.
The goods shall be deemed as delivered by the Sellers and accepted by the Buyers:
In terms of quality - according to the certificate of quality issued by the Manufacturer.

 
4. CLAIMS
 
Claims in respect of the goods' quality or quantity can be presented within 90 days after the goods' arrival at the place of destination. The Consignee shall immediately notify the Sellers via fax about any discrepancies in quality or quantity found during the goods' acceptance. Should the Sellers' representative fail to show up for the goods' examination within 10 working days after the date of the notice received via fax, the goods' acceptance shall be performed on the basis of SGS survey. Certificates issued by SGS shall be deemed sufficient for the statement of claim. The Sellers agree to consider the claim and respond within 30 days after its submission.
 
5. ARBITRATION
 
All disputes and differences arising out of or in connection with the present Contract and which are not settled amicably, shall be referred, without recourse to Courts of Law, to the International Commercial Arbitration at the Chamber of Commerce of Switzerland, Geneve. The language of the arbitration shall be English. The arbitration award shall be final and binding for both parties.
 
6. FORCE MAJEURE
 

The force majeure circumstances under the present Contract shall be fire, war, acts of God, export prohibitions, labour conflicts and any other circumstances beyond the control of both parties, if they occur after the conclusion of the Contract or if they have occurred before that time and their effects were not clearly foreseeable and they prevent, hinder or delay performance of the obligations by either party under the present Contract.
The Buyers or the Sellers may suspend performance of this Contract on the grounds of force majuere circumstances, neither party being responsible for any damage resulting from such suspension. Goods in transit, however, shall be accepted by the Buyers.
Should performance of this Contract be suspended for less than sixty (60) consecutive days, deliveries shall be resumed as soon as practicable for the full contract quantity. If the period of suspension exceeds 60 (sixty) days, deliveries omitted within this period may be cancelled without liability to either party.
Certificates issued by appropriate Chambers of Commerce shall be sufficient to claim force majeure circumstances and their duration.

 
7. OTHER CONDITIONS
 
Any amendment or supplement to the present Contract shall be valid only if made in writing and signed by authorized representatives of both parties.
The present Contract shall be effective as of the signing date.
The present Contract has been executed in two copies in English and German, both copies being authentic and equally binding. Fax copy of the contract signed and sealed by both parties considered to be the original.
 
8. ADDRESSES OF THE PARTIES
 
The Sellers: Bumke Verlag und Papierverarbeitung GmbH &Co.KG, Riesestr.15, D-44827 Dortmund
The Buyers: Customer , MAIN STOCK ADRESS
 
9. SIGNATURES
 
For and on behalf of the SELLERS:
For and on behalf of the BUYERS:
 

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  Bumke Verlag und Papierverarbeitung
GmbH & Co. KG.
Riesestrasse 15
D-44287 Dortmund

Fon:+49(0)231-45 60 07-08
Fax:+49(0)231-45 88 82