{"id":241,"date":"2018-06-29T08:32:54","date_gmt":"2018-06-29T08:32:54","guid":{"rendered":"http:\/\/gbzi.com\/?page_id=241"},"modified":"2018-06-29T08:39:17","modified_gmt":"2018-06-29T08:39:17","slug":"tc","status":"publish","type":"page","link":"https:\/\/gbzi.com\/index.php\/tc\/","title":{"rendered":"T&#038;C"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;3.8.1&#8243;][et_pb_row _builder_version=&#8221;3.8.1&#8243;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;3.8.1&#8243; parallax=&#8221;off&#8221; parallax_method=&#8221;on&#8221;][et_pb_text _builder_version=&#8221;3.8.1&#8243;]<\/p>\n<p class=\"p1\"><span class=\"s1\"><b>Terms &amp; Conditions<\/b><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u00a0<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><b>ARTICLE 1. GENERAL <\/b><\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The following conditions shall exclusively apply to all offers of, instructions to, supplies by and agreements with GBZI COMTRADE LTD (hereinafter referred to <g class=\"gr_ gr_225 gr-alert gr_gramm gr_inline_cards gr_run_anim Punctuation only-del replaceWithoutSep\" id=\"225\" data-gr-id=\"225\">as:<\/g> GBZI) with regard to the purchase, sale\/supply of goods and\/or the carrying out of or involving in services. Stipulations or provisions of the other party, which are contrary to the present terms and conditions, can only be set up against GBZI if and in as far as they have explicitly been accepted by GBZI in writing. The general terms and conditions of GBZI are filed at the office of the Commercial Register of the Chamber of Commerce Passau.\u00a0<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><b>ARTICLE 2. TANK STORAGE <\/b><\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The General Terms and Conditions for Tank Storage in Germany shall apply in the event of tank storage, which terms and conditions are filed at the Office of the District Court in Passau. In the event of inconsistencies in or with the conditions, or these general terms and conditions, then these general terms and conditions shall prevail.\u00a0<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><b>ARTICLE 3. OFFERS, ORDERS <\/b><\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">All offers are without any obligation. An agreement shall only come into being after the written order confirmation of GBZI. <g class=\"gr_ gr_191 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del multiReplace\" id=\"191\" data-gr-id=\"191\">GBZI<\/g> shall comply with the (delivery) times mentioned in the order confirmation as much as possible, however, the exceeding hereof does not entitle the other party to dissolve the agreement and\/or to compensation. In the event GBZI has manufactured the goods exclusively for the other party, then the other party is obliged to accept an increase of 5%.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><b>ARTICLE 4. PRICES <\/b><\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The prices made known by GBZI in catalogs or in any manner whatsoever are excluding VAT and shall not bind <g class=\"gr_ gr_245 gr-alert gr_gramm gr_inline_cards gr_run_anim Punctuation only-del replaceWithoutSep\" id=\"245\" data-gr-id=\"245\">GBZI,<\/g> unless explicitly agreed upon otherwise. After the conclusion of an agreement GBZI is entitled to increase the prices agreed upon in the event, among other things, but not limited to interim increases and\/or additional charges on freights, customs tariffs, prices of goods and\/or raw materials, taxes, wages or social security charges, interim increases applied by its supplier(s) and changes in the monetary relationships, which result in price increases.\u00a0 In the event the aforementioned price increases with regard to a certain supply are amounting to more than 5% of the price agreed upon (excluding VAT), then the other party will be entitled to cancel the agreement concerning the future supply, on the condition that the other party notifies GBZI on this matter in writing by registered mail without delay upon the receipt of the notification stating the said price increase. In that case, the other party is not entitled to compensation for whatever reason.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><b>ARTICLE 5. RISK, (DELIVERY) SUPPLY IN THE EVENT OF SALE <\/b><\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The risk for the goods shall pass from <g class=\"gr_ gr_190 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del multiReplace\" id=\"190\" data-gr-id=\"190\">GBZI<\/g> to the other party in accordance with the terms of delivery agreed upon, either FCA (Free Carrier), FOB (Free on Board), FAS (Free Alongside Ship), CIF (Cost Insurance and Freight), DAF (Delivered at Frontier), or otherwise. These terms of delivery are in accordance with the latest issue of \u201cIncoterms\u201d published by the International Chamber of Commerce.\u00a0 In as far as nothing with regard to this matter is agreed upon, then the delivery shall be carried out in accordance with EXW (EX Works).\u00a0 <g class=\"gr_ gr_193 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del multiReplace\" id=\"193\" data-gr-id=\"193\">GBZI<\/g> has fulfilled its delivery obligations:\u00a0 <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">a. at the moment the goods are offered at the delivery address agreed upon; <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">b. in the event it is agreed upon that the goods will be collected; at the moment the goods are available for collection.\u00a0 <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><g class=\"gr_ gr_187 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del multiReplace\" id=\"187\" data-gr-id=\"187\">GBZI<\/g> reserves the right to deliver in consignments. Such deliveries are considered carried out in accordance with the separate agreements. The other party is obliged to accept the goods at the moment of delivery.\u00a0 All costs and damage, which arise for GBZI as a result of a refusal to receive by the other party of (a part of) the goods ordered by it shall be borne by the other party, including the storage costs. The delivery period agreed upon is merely an approximation. This delivery date shall not be considered the final date so that GBZI is entitled to deliver about the delivery date agreed upon.\u00a0 In the event of the purchase of or involvement in services by <g class=\"gr_ gr_202 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del multiReplace\" id=\"202\" data-gr-id=\"202\">GBZI<\/g>, then GBZI shall stipulate uniform delivery dates with the other party. These delivery dates shall be considered deadlines.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><b>ARTICLE 6. PACKAGING <\/b><\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Non-reusable packaging will not be taken back. Packaging designated to be reused shall remain the property of GBZI or third parties and shall only be taken back by GBZI if, according to <g class=\"gr_ gr_189 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del multiReplace\" id=\"189\" data-gr-id=\"189\">GBZI<\/g>, this packaging is in good condition and it is delivered by the other party completely (drip) empty. The other party is fully liable for damages to such packaging. In the event GBZI makes returnable containers available then the packaging conditions of GBZI shall apply to this.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><b>ARTICLE 7. ENVIRONMENT, WORKING CONDITIONS AND OTHER SAFETY REGULATIONS <\/b><\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">1. In the event of deliveries by <g class=\"gr_ gr_184 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del multiReplace\" id=\"184\" data-gr-id=\"184\">GBZI<\/g>, the other party guarantees that it shall comply with the applicable environmental legislation and regulations. The other party indemnifies GBZI against each liability with regard to this matter.\u00a0\u00a0 <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">2. The other party is responsible for the working conditions and safety within its own company. The other party must comply with all applicable statutory provisions, the local rules and regulations and the rules and regulations of the Health and Safety Inspectorate. The other party shall instruct its staff members in time and in advance in accordance with these rules and regulations.\u00a0\u00a0 <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">3. The other party shall supervise that its staff members or third parties involved by it will observe the rules and regulations arising from the safety legislation applicable at that moment during the carrying-out of instructions &#8211; also if there is a question of oil and gas activities consisting of production and process support, technical support and maintenance of the pipelines, among other things. The other party shall also supervise that the staff members and\/or third parties to be deployed by it will always have sound personal protective equipment at their disposal, all this in accordance with the requirements set by the Health and Safety Inspectorate, or another government body.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><b>ARTICLE 8. MEANS OF TRANSPORT <\/b><\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The other party shall immediately unload and release the means of transport, also including the tank wagons, which are used by <g class=\"gr_ gr_185 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del multiReplace\" id=\"185\" data-gr-id=\"185\">GBZI<\/g>, so that no costs or damage as a result of delay will incur for GBZI and it shall comply with all instructions, which might be given by <g class=\"gr_ gr_186 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del multiReplace\" id=\"186\" data-gr-id=\"186\">GBZI<\/g> for the returning of this material.\u00a0 In the event the above-mentioned is not fulfilled, then the other party is obliged to pay the damage arising from the delay. The unloading of the means of transport must be carried out under the supervision and in the presence of the other party.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><b>ARTICLE 9. PAYMENTS, RETENTION OF TITLE <\/b><\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">1. In the event of a sale or the carrying out of services, all payments by the other party must be done within the period mentioned in the invoice, without the right of set-off.\u00a0 In the event no full payment has taken place, then, by operation of law, the other party is in default towards GBZI without the fact that a notice of default is required and all claims, which GBZI has against the other party, are due on demand. This is also the case if the other party is put into involuntary liquidation or has applied for a moratorium on payments.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">2. The other party is obliged to pay the statutory interest to GBZI as from the day the default commences until the day of the full payment. As soon as <g class=\"gr_ gr_211 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del multiReplace\" id=\"211\" data-gr-id=\"211\">GBZI<\/g> has passed on the claim for extrajudicial collection, the other party is obliged to pay to GBZI a sum of 15% of the principal sum to be claimed, unless the actual extrajudicial collection charges reasonably incurred are higher, in which case the other party is obliged to pay back the said higher charges to GBZI. In the event of extrajudicial collection, the other party is obliged to fully pay the actual extrajudicial costs reasonably incurred, including the costs of legal assistance; in as far as the actual costs exceed the amount of the (possible) costs of the proceedings.\u00a0 <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">3. In the event of a sale by <g class=\"gr_ gr_214 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del multiReplace\" id=\"214\" data-gr-id=\"214\">GBZI<\/g>, the risk does pass to the other party by means of delivery; however, the ownership does not pass to the other party. All goods delivered by <g class=\"gr_ gr_215 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del multiReplace\" id=\"215\" data-gr-id=\"215\">GBZI<\/g> remain the property of GBZI until the moment of full payment of all, which GBZI has to claim from the other party for whatever reason, including the interest and the costs. The other party is not entitled to alienate, to pledge or to encumber, in any manner whatsoever, the goods falling under the retention of title, unless alienation, pledge or otherwise encumbrance takes place within the scope of the normal course of business of the other party.\u00a0\u00a0 In case any encumbrance and\/or alienation of the goods falling under the retention of title takes\/take place anyway, then the other party shall transfer all rights and claims, which it obtains at the (re)sale of the said goods, to GBZI now for then, anyhow, the other party shall accomplish this transfer as soon as possible and if required.\u00a0 Without prejudice to the remaining rights belonging to it, GBZI shall, if the other party does not fulfil its obligations towards GBZI at all or in time without any notice of default or judicial intervention whatsoever, be irrevocably authorised by the other party to retain the goods delivered by it and for this purpose to enter the place where goods are stored.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><b>ARTICLE 10. CLAIM AND PRODUCT\u2019S SOUNDNESS <\/b><\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">1. The term \u2018claims\u2019 shall be taken to mean all grievances of the other party with regard to the quantity, quality and\/or soundness of the deliveries of goods by GBZI.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">2. Claims concerning non-external observable defects should be done in writing without delay, however within seven days after the delivery thereof at the latest, in the event of expiry of this period, each claim against GBZI with regard to the said defects shall be canceled. The other party shall sign for receipt and approval upon the receipt of the delivered goods.\u00a0 <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">3. External observable defects should be clearly mentioned without delay on the transport document to be signed upon receipt.\u00a0 <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">4. Submitted claims concerning a certain delivery do not suspend the other party\u2019s obligation to pay with regard to the said and other delivery\/deliveries nor do they give the other party the right of settlement.\u00a0 <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">5. With due observance of the limitations mentioned below GBZI guarantees the soundness of the goods delivered by it:\u00a0 <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">6. In the event the other party does not fulfill its obligation at all or in time towards GBZI in accordance with the agreement(s) entered into, then it is not allowed to submit claims.\u00a0 <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">7. The obligation with regard to the soundness of the Product of GBZI is explicitly limited to either the repair of the defects or the replacement of the defective goods or the dissolution of the agreement, wholly or in part, without judicial intervention and pro rata credit entry, all this at the choice of <g class=\"gr_ gr_208 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del multiReplace\" id=\"208\" data-gr-id=\"208\">GBZI<\/g>, under the conditions to be set by it. <g class=\"gr_ gr_209 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del multiReplace\" id=\"209\" data-gr-id=\"209\">GBZI<\/g> has the right to reconsider the choice made by it earlier.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><b>ARTICLE 11. LIABILITY AND INDEMNITY <\/b><\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">1. The liability of <g class=\"gr_ gr_196 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del multiReplace\" id=\"196\" data-gr-id=\"196\">GBZI<\/g> for the delivery of goods is limited to the fulfillment of its obligation as mentioned in the preceding Article. The liability of GBZI for damage directly resulting from the services carried out by <g class=\"gr_ gr_197 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del multiReplace\" id=\"197\" data-gr-id=\"197\">GBZI<\/g> for the other party (other than the delivery of goods, including, but explicitly not limited to giving (technical) advice free of charge or against payment) is limited to those cases, in which <g class=\"gr_ gr_199 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del multiReplace\" id=\"199\" data-gr-id=\"199\">GBZI<\/g> has failed imputably in the fulfilment of its obligations, unless a further limitation arises from Article 11 paragraph 2 of these general terms and conditions. Each further liability, other than the ones based on this paragraph of this Article, for damage directly suffered by the other party, as well as each liability for the damage indirectly suffered by the other party, is excluded.\u00a0 <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">2. In the event GBZI notwithstanding or based on the provisions of Article 11 paragraph 1 \u2013 for any reason whatsoever \u2013 is obliged to pay any damage, then the compensation per event or a series of related events with a joint cause shall not be higher than the amount equal to the invoice value of the purchase, the sale and\/or the delivery of the goods or the carrying out of the service, for which damage has been caused.\u00a0 <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">3. By the way, each claim against GBZI shall be canceled by the mere expiry of the term of one year after the arising of the claim, unless a legal action with regard to this has been instituted against <g class=\"gr_ gr_210 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del multiReplace\" id=\"210\" data-gr-id=\"210\">GBZI<\/g> previously.\u00a0\u00a0 <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">4. The other party indemnifies GBZI, its staff members or persons deployed by or for it against all liabilities from third parties on the compensation of any damage suffered by the last-mentioned, caused by or otherwise related to goods from GBZI.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">5. All defences, which GBZI can derive from the agreement entered into with the other party in order to wave aside its liability, can be invoked against the other party by its staff members and third parties, which are involved by it in the performance of the agreement, as if its staff members and these third parties were parties to the agreement.\u00a0\u00a0\u00a0 <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">6. Conditions with regard to the limitation of liability, exclusion, and definitions, which can be set up by third parties against GBZI, can also be set up by <g class=\"gr_ gr_217 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del multiReplace\" id=\"217\" data-gr-id=\"217\">GBZI<\/g> against the other party.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><b>ARTICLE 12. FORCE MAJEURE <\/b><\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">In the event of force majeure on the part of <g class=\"gr_ gr_203 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del multiReplace\" id=\"203\" data-gr-id=\"203\">GBZI<\/g>, then <g class=\"gr_ gr_204 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del multiReplace\" id=\"204\" data-gr-id=\"204\">GBZI<\/g> is entitled to suspend the purchase, sale and\/or delivery of goods and services or to cancel the agreement, wholly or in part. In that case, the other party cannot institute an action for compensation against <g class=\"gr_ gr_205 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del multiReplace\" id=\"205\" data-gr-id=\"205\">GBZI<\/g>. The term \u2018force majeure\u2019 shall also be taken to mean: whole or partial failure, limitation or cessation of the business operations of GBZI or third parties, on which GBZI is depending, regulations issued by third parties, which restrict, obstruct or render impossible the purchase, the delivery of services, the sale and\/or the production, the supply, the transport or the unloading of the goods, mobilisation, war, hostilities, rebellion, strike, lock-out, conspiracy of workers, hindrances of the railway traffic or the transport using other means of transport or the lack thereof, shipwreck, loss of, damaged or out of order of means of transport or the involuntary liquidation of suppliers or when they rely on force majeure. <g class=\"gr_ gr_207 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del multiReplace\" id=\"207\" data-gr-id=\"207\">GBZI<\/g> shall notify the other party on these facts and circumstances without delay stating whether, in how far and under which conditions it can continue the purchase, the delivery of services or the sale and\/or the delivery of goods.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><b>ARTICLE 13. DISSOLUTION <\/b><\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">In the event of default as referred to in Article 9, as well as with regard to an obligation under any agreement entered into with <g class=\"gr_ gr_183 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del multiReplace\" id=\"183\" data-gr-id=\"183\">GBZI<\/g>:<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">&#8211;\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 the other party does not fulfill this at all, in time or properly;<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">&#8211;\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 the other party is put into involuntary liquidation;<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">&#8211;\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 the other party has applied for its own involuntary liquidation or when this will be applied.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">&#8211;\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 the other party has applied for a (provisional) moratorium on payments, to proceed to wind up, as well as when its capital has been attached, wholly or in part;<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">then GBZI is entitled to immediately dissolve each agreement with the other party without judicial intervention, without prejudice to the rights, which GBZI can derive from these conditions, agreement or the law against the other party, including the right on (full) compensation. In the event of dissolution of any agreement entered into with the seller by the other party, then the other party shall not be entitled to rely on the undoing of the performances already carried out from both parts and neither shall there be an obligation to compensate the value in the event the nature of the performance rules out that it will be undone.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><b>ARTICLE 14. PROVISION OF SECURITY <\/b><\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The other party is obliged to, in response to a request to that effect from GBZI, furnish adequate security with regard to the claim, which GBZI has against the other party, by means of an irrevocable bank guarantee or by means of the granting of a security considered reasonably equivalent to this. As long as the other party has not fulfilled this, GBZI is entitled to suspend the fulfillment of its obligations.\u00a0<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><b>ARTICLE 15. APPLICABLE LAW AND COMPETENT COURT <\/b><\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">German Law is applicable to the agreement. Place of jurisdiction and place of performance is the competent Court of Passau.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><b>ARTICLE 16. INCONSISTENCY BETWEEN THE GERMAN TEXT AND THE TRANSLATION<\/b><\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><b> <\/b><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">In the event of the inconsistency between the text of these terms and conditions in the German language and that in another language, the German version shall be binding.\u00a0\u00a0 <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Passau, August 2005<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Terms &amp; Conditions \u00a0 ARTICLE 1. GENERAL The following conditions shall exclusively apply to all offers of, instructions to, supplies by and agreements with GBZI COMTRADE LTD (hereinafter referred to as: GBZI) with regard to the purchase, sale\/supply of goods and\/or the carrying out of or involving in services. Stipulations or provisions of the other [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-241","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/gbzi.com\/index.php\/wp-json\/wp\/v2\/pages\/241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gbzi.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/gbzi.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/gbzi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gbzi.com\/index.php\/wp-json\/wp\/v2\/comments?post=241"}],"version-history":[{"count":3,"href":"https:\/\/gbzi.com\/index.php\/wp-json\/wp\/v2\/pages\/241\/revisions"}],"predecessor-version":[{"id":245,"href":"https:\/\/gbzi.com\/index.php\/wp-json\/wp\/v2\/pages\/241\/revisions\/245"}],"wp:attachment":[{"href":"https:\/\/gbzi.com\/index.php\/wp-json\/wp\/v2\/media?parent=241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}