1. New Customers have to fill KYC documents and also send us the company registration documents and a copy of the Directors ID or Passport copy before the shipment is exported.

2. Payment of all confirmed order is cash basis only. Once we receive the payment then the order will be dispatched.

3. A written or verbal by the Customer/Buyer/Consignee shall ipso jure imply his/her explicit and unconditional acceptance of exclusive appliance of the Seller´s general terms and conditions of sale/consignment, as set forth hereinafter.

4. Notwithstanding Sections 1138 and 1583 of the Civil Code, the transfer of ownership of the goods sold shall be effective only after the full payment of the purchase price due agreed upon. Until their full payment the goods shall remain the exclusive property of Snehdiam bv.

5. As from the receipt of the goods the Buyer/Consignee confirms that the goods are insured against any loss damage from any cause whatsoever and shall bear all responsibility for the loss, destruction or disappearance thereof.

6. Any non – payment or late payment on the due date of the invoices of Snehdiam bv shall automatically imply the obligation for the debtor to pay 1 % interest for each current and started month ispo jure and without notice of default, and this without prejudice to any other damages. In default of payment, the invoice amount shall be increased by fixed damages 15% the minimum amount being Euro 125, to cover the Seller´s administrative costs and administration charges, without prejudice to the execution costs and the court costs. In default of payment of one Invoice on its due date, any and all other amounts due to Snehdiam bv shall become immediately due and payable.

7. In the event of bankruptcy of the Buyer prior to the full payment of the purchase price, the sale agreement shall be terminated/cancelled. In such cases Snehdiam bv shall be entitled to invoke the immediate and automatic application of its privilege with regard the goods sold, according to 20,5° of the Mortgage Act, or reclaim the goods sold pursuant to Section 101 of the Bankruptcy Act. All the directors are personally liable for the full payment of all the invoices.

8. In accordance with Section 103 of the Bankruptcy Act, the goods deposited or given on consignment with the bankrupt Buyers/Consignee has already sold the goods but has not yet received the price thereof, Snehdiam bv may claim the price of the goods.

9. The fact that the Seller does not apply one clause or another stipulated in his favour in these general terms and conditions shall not be interpreted as a waiver by him not to invoke the same.

10. In the event of any dispute in connection with the performance of the purchase/sales agreements, and the Invoice relating thereto, under these general terms and conditions, only the laws of Belgium and the laws of the European Union shall be applicable. Only the Court of the Judicial District of Antwerp shall have Jurisdiction.

11. Only the English text of these terms and conditions shall be binding.