Shipping and Payment

Shipping

The delivery will be made via FCA FTZ Singapore (Incoterms 2020). Any additional freight charges up to the Customer's place of destination will be agreed individually at a later date.

We reserve the right to review the delivery date at the time of placing the order. The delivery time indicated for the respective product shall apply.

Unless otherwise agreed, the products will be delivered at your request from our warehouse to your specified address. Bulky items shall be delivered free curbside, unless individual agreements have been made.

Payment

Purchase on account is the only payment method offered in the KASTOshop.

After receiving a positive credit assessment, the following payment terms apply to purchase on account.

Sawing machines up to EUR 60,000:

• 10 days net after delivery or, if commissioning services are purchased, 10 days net after acceptance.

For orders exceeding the above amount:

• 40% upon order placement or order confirmation
• 50% at the start of delivery or notification of ready for dispatch
• 10% after delivery, or if commissioning services are purchased

payable in each case in full within 10 days after receipt of invoice.

We reserve the right to request the invoice amount in advance for purchases made on account when the credit assessment results are negative.

If the Customer defaults on a payment, the Customer agrees to pay interest for late payments at a rate of 9 percentage points above the base rate. Furthermore, the Customer will be charged a lump sum of EUR 40. We reserve the right to claim further damages.

If the Customer fails to fulfil their payment obligations on time or if it becomes apparent that their financial circumstances are no longer sufficient to cover a granted credit or deferred payment, we shall be entitled to declare all outstanding claims due immediately or request the provision of collateral security.