TERMS OF BUSINESS

1. QUOTATIONS

Quotations issued by KM Products Europe Ltd. or, ("KMP") unless otherwise stated in them, shall be open for acceptance within (30) days of the date of the quotation.

2. PRICES

Prices quoted for KMP Brand ® products are ex-works and exclude packing, insurance, carriage, and other taxes or duties.

3. PAYMENTS

a) All invoices are payable in full without discount of any kind in the currency in which they were issued and under no circumstances shall the customer be entitled to make any deduction or withhold payment for any reason at all, or delay settlement beyond the terms specified by KMP.

b) Without prejudice to any other rights of "KMP" if the Customer fails to pay the invoice amount by the due date, "KMP" shall have the right to charge interest on any overdue amount from the date on which payment was due to that on which it was made (whether before or after judgement) on a daily basis at a rate of 4 % per annum over the base rate from time to time quoted for the currency in which the invoice was issued and reimburse to "KMP" all costs and expenses (including legal costs) incurred in the collection of any overdue amount.

4. RETURN OF PARTS

KMP Brand ® parts cannot be returned without written consent from "KMP", and if granted will be subject to a 15% handling charge.

PRICES AND AVAILABILITY WILL BE QUOTED AGAINST SPECIFIC ENQUIRES