Common use of Price Fluctuations Clause in Contracts

Price Fluctuations. The prices quoted by the CREDITOR to the DEBTOR have been based on the selling price in the Republic of South Africa of the currency of the country of origin of the goods, and on the transport costs and import duties, levies and charges, applicable on the date of quotation. The CREDITOR shall be entitled at any time before delivery of the goods to the DEBTOR, to adjust such prices in accordance with fluctuations in the selling price of the said currency, and/or, in transport costs, and/or in import duties, levies or charges, and such adjusted prices shall thereupon be the prices payable by the DEBTOR. In the case of installation, service or repair work, the labour component of the work executed will be charged at the CREDITOR’S hourly rate and any additional spare parts that may be required which will be quoted for additionally for executing such work. All quotations, whether verbal or in writing, submitted by the CREDITOR for such work are based on the information available to the CREDITOR at the time of submitting the offer. The DEBTOR accepts that variations to the original quotation may occur as a result of unforeseen or additional requirements manifesting themselves or being requested during the execution of the work necessitation extra labour and/or parts. Unless the DEBTOR expressly stipulates otherwise, such extra work will comprise an integral part of the DEBTOR’S order and will be charged accordingly. It is to be understood that quotations are prepared after visual inspection. During our test process, further faults may be detected which cannot be established at the time of visual inspection and quotation for additional repairs will be quoted, which requires prior agreement for the acceptance of additional costs. This will be for the DEBTORS account.

Price Fluctuations. The prices quoted by the CREDITOR to the DEBTOR have been based on the selling price in the Republic of South Africa of the currency of the country of origin of the goods, and on the transport costs and import duties, levies and charges, applicable on the date of quotation. The CREDITOR shall be entitled at any time before delivery of the goods to the DEBTOR, to adjust such prices in accordance with fluctuations in the selling price of the said currency, and/or, in transport costs, and/or in import duties, levies or charges, and such adjusted prices shall thereupon be the prices payable by the DEBTOR. In the case of installation, service or repair work, the labour component of the work executed will be charged at the CREDITOR’S hourly rate and any additional spare parts that may be required which will be quoted for additionally for applicable to the category of employee executing such workwork whilst the CREDITOR’S standard price list prices will apply for parts and components. All quotations, whether verbal or in writing, submitted by the CREDITOR for such work are based on the information available to the CREDITOR at the time of submitting the offer. The DEBTOR accepts that variations to the original quotation may occur as a result of unforeseen or additional requirements manifesting themselves or being requested during the execution of the work necessitation extra labour and/or parts. Unless the DEBTOR expressly stipulates otherwise, such extra work will comprise an integral part of the DEBTOR’S order and will be charged accordingly. It is to be understood that quotations are prepared after visual inspection. During our test process, further faults may be detected which cannot be established at the time of visual inspection and quotation for additional repairs will be quoted, which requires prior agreement for the acceptance of additional costs. This will be for the DEBTORS account.