Terms of Payment

Invoices for deliveries of goods shall be payable net (without any deductions)
30 days after the date of invoice. All payments shall be made free of charges. In
the case of cheques and bills of exchange the Customer shall bear the discount
charges, collection charges and other bank charges. Payments shall be firstly used
to settle costs, secondly interest, and thirdly the principal debt that is older
in a particular case.

In the event of default in payment we are entitled to demand default interest in
the amount of 8% p.a. above the respective base interest rate in accordance
with § 247 of the German Civil Code 'BGB'. Evidence of a higher loss
due to default may be produced. The Customer shall only have set-off and
retention rights with regard to our claims only if the counterclaim is undisputed or
unappealably established in a court of law.

If we become aware of the fact that a protest is being lodged regarding the
Customer's bill of exchange, execution measures are being initiated against it or
any financial deterioration has occurred, we shall also be entitled to immediately
demand any undue debts and any debts for which a bill of exchange or cheque
was submitted. In such cases and if due invoices are not paid despite a
reminder, we shall also be entitled to demand prepayment or security for future