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Terms of sale (“TS”) 

of WEDCO Handelsgesellschaft m.b.H., („WEDCO“)

1. Conclusion of contract and contents of contract
1.1. The following TS apply for all present and future deliveries and performance by WEDCO, even when they are not referred to explicitly. Any diverging TS on the part of the client shall only apply subject to written consent of WEDCO.

1.2. The offers of WEDCO are non-binding insofar as they are not explicitly designated as binding.

1.3. A contract can only be concluded in a legally effective manner by written confirmation of order by WEDCO.

1.4. The informations provided in catalogues, brochures, etc. are non-binding and shall only become part of the contents of a contract insofar as the confirmation of order explicitly refers to it.

1.5. The contents of confirmations of WEDCO of order must be reviewed by the recipient and require such to complain immediately of any divergence from the message that such conveyed to WEDCO, otherwise the transaction shall proceed based on the contents of the transaction as confirmed by WEDCO.

1.6. The employees from WEDCO are not entitled to enter into arrangements that diverge from standard terms of WEDCO and conditions for sale and delivery or the listed prices of WEDCO. Agreements in this respect require the written confirmation of WEDCO.

1.7. Designs, sketches, plans etc. and other technical documentation of WEDCO remain, unless otherwise expressly agreed, in the property of WEDCO and may not be used, recycled or passed on to third parties by the customer.

2. Prices
2.1. All prices indicated are non-binding and, unless otherwise stated, in Euro. The prices indicated are “ex works” INCOTERMS 2010 and do not include the costs for transport, assembly or installation. Any and all costs for transport and packaging, freight and insurance fees, customs duties, fees and levies shall be borne by the customer.

2.2. Prices are subject to VAT at the applicable statutory rate. Any and all customs duties, fees and levies shall be paid by the customer.

3. Terms of payment
3.1. The invoices of WEDCO are due for payment immediately upon billing, free of charges and other deductions. Transfers are deemed to be payment only upon receipt of the money in the account of WEDCO. Bills of exchange or cheques shall only be accepted subject to written agreement, only on account of payment and exclude the possibility of a cash discount deduction.

3.2. In case of customer default on payment, WEDCO shall be entitled to choose to seek compensation of the actual damage incurred or of the default interest at the statutory rate at the option. In business to business relations, the default interest lies 9.2 % pa. over the base interest rate. In case of customer default on payment, WEDCO shall also be entitled to demand compound interest from the day the goods were handed over. The customer undertakes to reimburse any costs of dunning and collection agencies incurred in the case of customer default on payment insofar as they are necessary for the appropriate legal actions. These costs include at least a lump sum of EUR 120,00 as compensation for collection costs pursuant to § 458 of the Austrian Commercial Code (Unternehmensgesetzbuch, UGB). This shall not affect the assertion of any further rights or claims. In case of customer default on a (partial) payment, WEDCO shall be entitled to demand immediate payment of any outstanding bills not yet due and/or to require advance payment or appropriate security for future deliveries and performance.

3.3. It shall not be admissible for the customer to set off any counter-claims of the customer if the counterclaim is contested or has not been recognized by declaratory judgment, likewise it shall not be admissible to exercise a retention right without legally binding title or on the basis of claims arising from other transactions.

4. Delivery, delay
4.1. The service of WEDCO performance is compulsory only when the customer has met all customer’s obligations that are necessary for the delivery. The delivery times and deadlines will be adhered to by WEDCO as far as possible. They are, unless explicitly agreed as binding, always nonbinding and always represent a prospective time for the provision of goods and the handing over to the customer. The customer may only withdraw from the contract because of delay in delivery caused by WEDCO subject to the setting of a reasonable grace period – of at least 8 weeks. Such withdrawal must be made by registered letter. The right to withdraw relates solely to that part of the delivery or performance which is in default.

4.2. The delivery deadline has been met provided that by the expiry of the delivery deadline the goods have left the premises of WEDCO or in the case of direct deliveries those of our pre-supplier or the readiness for dispatch has been communicated. Any subsequently agreed change requests and/or requests for additional services on the part of the customer will extend the delivery deadline appropriately. The same applies in case of unforeseen obstacles beyond the sphere of WEDCO of responsibility and/or that of the pre-supplier of WEDCO, e.g. force majeure, pandemics, strike, lockout, delay in the supply of essential raw materials, other materials or parts.

4.3. Apart from intention or gross negligence, the customer shall have no claim for compensation in all cases of late delivery or non-delivery even after the grace period has expired.

4.4. If a delivery is not possible as a result of delivery problems and/or price increases on the part of the pre-suppliers from WEDCO or the producer, WEDCO shall be entitled to withdraw from the contract without any obligation of compensation whatsoever.

4.5. The liability by WEDCO for damage caused by default is limited to 0.5 % of the value of the delivery in default with a maximum amount of 5 % of that part of the delivery which was not delivered in time.

4.6. Goods not accepted by the agreed delivery date shall be stored for a maximum of six weeks at the risk and expense of the customer. The storage fees shall be borne by the customer. At the same time WEDCO are entitled either to insist on performance of contract or, after setting a reasonable grace period, to withdraw from the contract and to use the goods in another manner. Any damage caused to WEDCO as a result shall be paid by the customer. In the event that they are used, a contractual penalty of 30 % of the invoiced amount (excluding VAT) shall be deemed to have been agreed upon.

4.7. Partial deliveries are admissible. The customer shall not be entitled to any claims for compensation against WEDCO in the event of over- and/or under-deliveries of up to 10%.

5. Shipping, passing of risk
Unless otherwise agreed in writing, the goods are delivered ex works from the premises of WEDCO in 1220 Vienna, Hermann Gebauer-Straße 12. The customer is obligated to accept the deliveries from WEDCO and performance. WEDCO delivers without insurance coverage. The risk passes to the customer as soon as the delivery item has left WEDCO’s factory, the goods have been handed over to the carrier or to another person carrying out the shipping. In case of customer’s default on acceptance, the risk passes with the time of readiness to dispatch of the delivery item. This also applies when the delivery is divided into partial deliveries or when WEDCO has accepted other additional performances. Unless explicitly agreed otherwise, the goods shall be deemed sold “ex works” INCOTERMS 2010.

6. Retention of title, cession of claims
6.1. WEDCO retains title to the goods delivered until full payment of the purchase price by the customer. The customer bears the full risk for the goods subject to retention of title, in particular the risk of accidental loss, loss or deterioration.

6.2. In the event that the goods are processed or adapted or combined with a third party’s goods, the property of WEDCO rights shall also extend to the new good. The customer is entitled to resell delivered goods within the scope of ordinary business operations. Until full payment of the purchase price, the customer cedes to WEDCO all claims and security interests accrued from such resale on account of payment. Customer is obliged to record the cession in customer’s accounts. In case of customer default on payment, WEDCO are entitled to inform the repurchaser of the goods, who the customer shall identify to us, of the cession and demand payment to WEDCO.

6.3. Any pledge or transfer by way of security in favour of a third party with respect to goods where WEDCO retains title shall be inadmissible without our written consent. Any pledge by a third party must be immediately notified to WEDCO by the customer. Acknowledgment of account balance shall not affect the retention of title, nor shall the handover of bills of exchange or cheques until such have been correctly and actually honoured. If WEDCO has to exercise our retention of title and take back the goods, the credit note for these goods shall be reduced appropriately taking into account the storage time, wear and tear and other circumstances, but amount to at least 30 % of the invoice value. The customer undertakes to return the goods owned by WEDCO to WEDCO without delay and inform WEDCO prior to registering any insolvency proceedings so that WEDCO can take possession of any goods that were delivered subject to our retention of title.

6.4. In case of default on payment WEDCO are entitled to take possession of the goods at the customer’s expense, though this does not revoke the customer’s duties under the purchase contract, in particular the duty to pay. In the event that goods subject to retention of title are pledged, the customer shall inform WEDCO immediately and in detail, likewise for the purpose of reclaiming the goods of WEDCO in case of imminent insolvency. Charges on the goods while the retention of title applies are inadmissible. The goods delivered subject to retention of title must be duly and properly stored by the customer and insured adequately against any and all risks foreseeable in ordinary business operations.

7. Warranty, compensation for damage
7.1. Defects shall be notified by the customer in writing without delay upon receipt of delivery and performance, at the latest within 8 days, latent defects within 3 days of discovery. The notification of defect must be adequately explained and substantiated by proof.

7.2. DieThe warranty period amounts to a maximum of 6 months from acceptance of the goods. The customer shall prove the existence of defects. § 924 of the Austrian Civil Code (ABGB) and § 933b ABGB shall not be applicable.

7.3. Minor technical changes as well as deviations from drawings and catalogues are deemed approved in advance.

7.4. In case of justified notification of defect, the warranty from WEDCO obligations are limited to improvement, new delivery or subsequent delivery of what is missing. Several improvements and replacement deliveries are admissible. Claims for conversion and price reductions are hereby precluded. The warranty expires if the customer or a third party not authorised by WEDCO has carried out changes or maintenance of the goods.

7.5. In order for the warranty performance to be carried out, the customer shall deliver the goods to WEDCO and collect them after improvement has been made from WEDCO at customer’s expense and risk.

7.6. WEDCO shall not be liable for damage that arises through improper or unsuitable use, natural wear and tear, defective or neglectful treatment or storage.

7.7. No warranty, guarantee or liability whatsoever is assumed in respect of sub-standard goods and discontinued stock delivered as agreed or for a reduced price.

7.8. If there is any promise of guarantee in the confirmation of order (which can at most be a “unechter Garantievertrag”), then this shall by no means include wear parts (e.g. seals etc.), damage that arises through improper or unsuitable use, natural wear and tear, defective or neglectful treatment or storage. The promise of guarantee is to be understood as meaning that WEDCO takes responsibility for defects (apart from the afore-listed cases) that arise within the agreed guarantee period after handover and are asserted within this period.

7.9. Insofar as not contrary to mandatory law and insofar as not otherwise stipulated in these conditions, WEDCO shall only be liable for damage that WEDCO caused by gross negligence or intentionally. This limitation of liability does not apply, however, to the compensation of personal injury. In case of indirect damage, loss of profit, loss of interest, savings not made, consequential and pecuniary damage and damage due to the claims of third parties, WEDCO are not liable. In case of gross negligence, the liability is limited to the value of the goods delivered but at the most to the sum that is covered by the insurance of WEDCO.

7.10. Any liability for property damage or personal injury on the basis of the Product Liability Act (Produkthaftungsgesetz) is hereby precluded. The customer undertakes to pass on this exclusion of liability to its customers. WEDCO cannot be held liable for damage of any kind occurring on the components of customers, even if caused by products from WEDCO.

8 Electronic business correspondence
8.1. Orders or other declarations by the customer constituting legal acts may be sent validly using our electronic forms and by email but must be received free-of-error by WEDCO in order to be effective. Errors in transmission – regardless of the cause – are at the risk of the customer.

8.2. WEDCO reserves the right to revoke without delay via appropriate means (individual message, notification on the web pages from WEDCO) the effectiveness of individual contractual declarations or contractual declarations made in a particular period of time, because of malfunction of your data processing plant, and to resend the declarations or request they be resent once again by a valid transmission.

9 Others
9.1. Place of performance is 1220 Vienna, Hermann Gebauer-Straße 12.

9.2. Austrian law shall apply exclusively, also excluding the reference rules of international private law (e.g. the Austrian International Private Law Act, IPRG, Rome I Regulation, etc.) and UN CISG. In case of dispute, the German version of terms and conditions (Verkaufsbedingungen) of WEDCO applies.

9.3. It is hereby agreed that the 1010 Vienna court with subject matter jurisdiction shall have exclusive jurisdiction as legal venue.

9.4. Should provisions in these TS be legally ineffective, invalid and/or null and void or become so in the course of its term, this shall be without prejudice to the legal effectiveness and the validity of the other provisions. In such case the provision that is legally ineffective, invalid and/or null and void (or provision which becomes legally ineffective, invalid and/or null and void) shall be replaced by one which is legally effective and valid and in its economic effect corresponds to the provision replaced – insofar as possible and legally admissible.

9.5. The data relevant to the business relations from WEDCO (in particular name, address, telephone and fax numbers, email addresses, address for orders, delivery and bills as well as order date, products delivered or ordered or services, number of items, price, delivery schedule, payment and dunning data, etc.) will be saved in our IT system and further processed. The customer hereby declares agreement therewith.

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