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Payment

Payment terms shall be agreed in advance with our Sales Office. Unless authorized by our Sales Department, rounding-offs or deductions from the amounts due are not allowed. Unpaid cash orders and delayed payments determine expenses and delay interests charged to the Customer in the limits foreseen by the Italian law. Foreign bank charges related to payments are at Customer’s expenses.

Goods are subject to retention of title, until they are fully paid for, including interests and accessories. Customer’s drawing or renewing (full or in part) of bills of exchange shall not be considered as extinction, novation or final payment of the price, until the full payment occurs. Similarly, drawing bills of exchange do not compromise the retention of title. Notwithstanding the foregoing, risks of loss, failure or damage shall transfer to the Customer upon goods delivery.
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