Calculation of penalties for late delivery
Principles of the penalties for late delivery:- They depend on the contractual terms endorsed by the seller and the buyer at the time of the conclusion of the case.
- Shall be invoiced by the buyer and mentioned in its terms of purchase.
- The interest rate used in the calculation must be specified in the contractual terms of the deal.
- The basis of calculation is based on the products concerned by the delay and not the entire case.
- To avoid disputes, the bill of the penalties for late delivery must be associated with all documents justifying the application of penalties.
Amounts have to be filled excluding taxes in order to get an amount of penalties excluding taxes