Payment

The invoices are payable without discount to the bank account of Indufarm N.V. and in Euro. This also applies if Indufarm N.V. draws bills of exchange on the buyer or has them received by financial institutions.
If Indufarm N.V. were to accept bills of exchange in payment for goods sold, this would not result in novation of debt and would not give rise to any change in the clauses of these terms and conditions.
From the due date of the invoice, the invoiced amounts automatically and without the need for a prior notice of default will accrue interest of 10% on an annual basis until the date of full payment.
Non-payment of an invoice or bill of exchange on the due date makes the payment of all other amounts due immediately due and allows Indufarm N.V. to refuse the delivery of all current orders.
In the event of non-payment of the invoiced amounts on the due date , a fixed compensation of 10% of the unpaid amounts is due by operation of law and without the need for prior notice of default, with a minimum of € 125 above all interest and which may incur any costs, collection costs or court costs.