General Terms & Rules

Each and every sale we do are bound by these Terms.

Obviously differing contractual agreement overrules these standard terms but  we do not close any business at the exclusion of these terns.

General Terms and Conditions of Business

1. Offers 
All offers are subject to alteration; the seller reserves the right to withdraw an offer up to five working days after its acceptance by the purchaser. The purchaser waivers his terms and conditions of purchase by placing a contract. 

2. Delivery location, Incoterms, Installment Delivery.
All deliveries are made at the cost and risk of the purchaser on the basis of Incoterms 2010. Should the purchaser not take delivery of the goods, the seller may store them at the cost and risk of the purchaser. Should no delivery deadline be agreed, the seller is to deliver the goods within a period that he deems appropriate taking into consideration the nature of the goods and other relevant circumstances known to the seller. Delivery and invoicing by instalment is permitted.

3. Exclusion of Assignment of Rights
The purchaser may not assign to third parties rights arising from business with the seller. 

4. Term of Payment, Payment Alterations
Deliveries are subject on principle to payment in advance or payment on delivery. Even when otherwise agreed, the seller retains the right to deliver on the basis of payment in advance or payment upon delivery should, in the opinion of the seller, it emerge after the signing of the contract that the financial situation of the purchaser provides reason for this, which, among other things, would be the cases should the purchaser not fulfil his obligations to the seller or another supplier punctually, and should the assets of the purchaser be impounded.

5. Off-setting Due Payments
Payments made to us will be credited against the oldest debt. The retention and offsetting of due payments against counterclaims of our contractual partner that are not expressly acknowledged by us in writing, including those arising from the guarantee, is not permitted. 

6. Default
Should the purchaser be in default, the seller is entitled, on expiry of an appropriate deadline set by him, to withdraw from the contract or to demand compensation due to non-compliance with the contract.

7. Interest
In the case of default, the purchaser is liable to pay flat-rate interest on the basis of one percent per month or part thereof, calculated from the day on which the payment was due to the day the outstanding amount is paid, unless the purchaser is able to prove that no loss has been incurred or that the loss incurred is significantly lower.     

8. Payment by Cheque and Bill of Exchange
Payments by cheque or bill of exchange are deemed fulfilled only after the cheque or exchange has been honoured by the purchaser.

9. Act of God
The seller has the right to defer fulfilling the contract should fulfilment be temporarily prevented by an Act of God. The seller is entitled to withdraw from the contract should an Act of God make fulfilment a complete impossibility.  An Act of God shall be understood to be any situation, unforeseeable at the time the contract was signed and beyond the seller’s control, that prevents, be it temporarily or permanently, the fulfilment of the contract, including acts of war, mobilisation, fire, strikes, lock-outs, extreme weather conditions that hinder logistics, and complete or partial crop failures caused by unusual periods of drought or continuous or intensive rainfall, frost, plant diseases, pests, radioactivity, etc., in the areas from which the seller usually obtains raw materials. Regulatory measures that impede or financially prejudice the import, transit, or export of the sold goods entitle the seller to withdraw from the contract in respect of those sections not yet fulfilled, with no liability obligation to pay compensation. However, should the seller nevertheless undertake delivery, he can require the purchaser to reimburse him for any loss or damage caused by such measures.

10. Complaints
Identifiable claims regarding any incorrect execution of an order, including claims regarding the quality of the products supplied, must be made in writing within 5 days of receiving the goods. In the case of faulty or defective goods, the seller is obliged to ensure that goods are either repaired free of charge or replaced, as he may deem fit.

11. Rectification
Should the rectification of a defect fail, the purchaser is entitled to reduce the selling price or to withdraw from the contract. The purchaser is not liable for any loss arising from non-delivery or late delivery, arising from a breach of other contractual obligations, especially secondary contractual obligations, for a breach of obligation at the time of the conclusion of the contract, as well as for damages arising from unlawful action. This disclaimer of liability is no longer valid should the purchaser, his authorized representative or managerial staff be shown to have acted with wilful intent or gross negligence. This disclaimer of liability is also no longer valid in the case of initial incapacity or a breach of an obligation essential for achieving the purpose of the contract, unless due to slight negligence on the part of an agent. Liability is limited to the re-imbursement of the usual foreseeable loss. Return goods are at the cost and risk of the purchaser and only permitted with the prior agreement of the seller.

12. Commissioned Production, Third-Party Rights
In the case of the production of goods on the basis of drawings, models, or archetypes provided by the purchaser, the purchaser guarantees unreservedly that the production and/or supply of such goods does not infringe upon any trademark, patent, utility patent or commercial patent right, or any other third-party right. Should a third party assert a claim against the production and/or supply of the goods in question based upon any alleged such right, the seller is entitled without further ado to halt the production and/or supply immediately and to claim re-imbursement for the costs incurred. This is without prejudice to any claim on the purchaser for compensation and without liability on the part of the seller to compensate him for any reason. 

13. Product Information
The purchaser declares that he is aware of the attributes and properties of the products supplied to him and that he has also been duly informed about all the legal regulations pertaining to the goods supplied that he as recipient is required to observe. The purchaser commits himself to comply with the legal regulations when storing, selling, transporting, using, and handling in any other way, the good supplied.

14. Direct Liability
The purchaser shall protect the seller from all consequences arising from claims that may be made by  the purchaser’s customer against the seller on account of the goods bought, unless the seller, his authorized agent, or managerial staff can be shown to have acted with wilful intent or gross negligence.

15. Over-Delivery and Under-Delivery
In reference to the amount ordered, the seller reserves the right to a tolerance margin of 5% (plus or minus) in fulfilling the order.

16. Price Adjustment
The seller is entitled to pass on to the purchaser through a corresponding adjustment to the selling price any increase in cost prices, changes in exchange rates, customs duties, and all other external factors that increase the net cost price, which may arise after the signing of the contract of sale.

17. Data Protection
The purchaser hereby agrees to the computer storage and automatic processing by the seller of data arising from their business relationship.The seller commits himself to using such data only within the scope of his own business operations and not to pass it on to any third party for external use.

18. Retention of Property Rights
All delivered goods remain the property of the seller until all claims for payment arising from the business connection have been met in full, even should the purchase price for specifically identified outstanding accounts have been paid. In the case of treatment and processing, the seller is to be considered the manufacturer. The seller acquires ownership of intermediate and finished products, while the purchaser remains the custodian only. The purchaser may resell the goods supplied by us, and products arising from the processing of such goods, only in the orderly course of business. He hereby now relinquishes to the seller as security all claims that may arise from such resale or any other legal basis. Should the value of the objects supplied under the retention of property rights serving the seller as security exceed the aggregate sum due to seller by more than 20 %, then is the seller insofar obliged to reassignment at the request of the customer.  

19. The Written Form
All agreements differing from those contained in the contract and in these General Terms and Conditions of Business, including any alleged verbal agreements or promises, have no validity. 

20. Jurisdiction

The Greek law is valid. In case of contracts with foreign contractual partners the UN- Uniform Law on the International Sale of Goods so far its prerequisites will apply.




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Third-party services

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Some jurisdictions may not allow disclaimers of implied warranties, and certain statements in the above disclaimer may not apply to you as regards implied warranties; the other terms and conditions remain enforceable notwithstanding.

Reservation of rights

The site editor reserves all of the site editor's rights, including but not limited to any and all copyrights, trademarks, patents, trade secrets, and any other proprietary right that the site editor may have in respect of this web site, its content, and goods and services that may be provided. The use of the site editor's rights. and property requires the site editor's prior written consent. By making services available to you, the site editor is not providing you with any implied or express licenses or rights, and you will have no rights to make any commercial use of this web site or provided services without the site editor's prior written consent.

Applicable law

You agree that these Terms of use and any dispute arising out of your use of this web site or products or services provided will be governed by and construed in accordance with local laws applicable at the site editor's domicile, notwithstanding any differences between the said applicable legislation and legislation in force at your location. By registering for a user account on this web site, or by using this web site and the services it provides, you accept that jurisdiction is granted to the courts having jurisdiction over the site editor's domicile, and that any disputes will be heard by the said courts.

Miscellaneous information

(i) In the event that any provision of these Terms of use is deemed to conflict with legislation by a court with jurisdiction over the parties, the said provision will be interpreted to reflect the original intentions of the parties in accordance with applicable law, and the remainder of these Terms of use will remain valid and applicable;
(ii) The failure of either party to assert any right under these Terms of use will not be considered to be a waiver of that party's right, and the said right will remain in full force and effect;
(iii) You agree that any claim or cause in respect of this web site or its services must be filed within one (1) year after such claim or cause arose, or the said claim or cause will be forever barred, without regard to any contrary legislation;
(iv) The site editor may assign the site editor's rights and obligations under these Terms of use; in this event, the site editor will be relieved of any further obligation.