General Terms and Conditions of Sale

  1. SCOPE AND APPLICATION
    1. These General Terms and Conditions of Sale shall apply to all sales and deliveries from Advanced Lipids AB (“ADVANCED LIPIDS”) and will thus exclude application of any general or specific conditions or terms of the buyer.
    2. All products delivered from ADVANCED LIPIDS under these General Terms and Conditions of Sale are hereafter referred to as the Product.
    3. Deviations from the application of these General Terms and Conditions of Sale are accepted by ADVANCED LIPIDS only if approved in writing by an authorized ADVANCED LIPIDS executive.
  2. DETAILS CONCERNING THE PRODUCTS
  3. Any details concerning weights, prices, technical qualities and other specifics of the Product shall be binding upon ADVANCED LIPIDS only if and to the extent this is expressly agreed upon in writing between ADVANCED LIPIDS and the buyer.

  4. OFFER AND ACCEPTANCE
  5. All offers made by ADVANCED LIPIDS are valid only during the time period stated in the offer, if no time period is stated the offer is only valid during the day of the offer. No order shall be binding upon ADVANCED LIPIDS unless accepted in writing by ADVANCED LIPIDS.

  6. DELIVERY AND TIME OF DELIVERY
    1. Unless otherwise agreed in writing between the parties, the Product shall be delivered “EX WORKS” Karlshamn (in accordance with the latest prevailing version of “INCOTERMS”).
    2. Unless otherwise agreed in writing between the parties, it is presumed that the agreed quantity of the Product should be delivered evenly apportioned during the contract period. In the event of successive deliveries, each delivery shall be considered as a separate sale. In case of delivery on call, any call-off shall be made in accordance with the stipulations in the sales contract, and if the sales contract do not include stipulations about call-off, the call-off shall be made in reasonable time before the desired delivery date with regard to quantity, place of delivery and other circumstances. A call-off is not binding upon ADVANCED LIPIDS unless accepted in writing by ADVANCED LIPIDS.
    3. The buyer shall not be entitled to (i) roll (postpone) agreed deliveries to a future period or (ii) change the agreed starting time of deliveries or (iii) otherwise reallocate agreed quantity within the contract period (change delivery schedule), unless the buyer, in addition to any actual loss, costs and expenses incurred by ADVANCED LIPIDS due to such deviation, pays an administrative charge equivalent to 20 EUR (but to be paid in the agreed currency for the deliveries if other than EUR) per metric ton of the agreed quantity affected by (i)-(iii) above, unless otherwise agreed in writing.
    4. If the buyer has not taken delivery of the entire agreed quantity of a Product by expiration of the contract period, ADVANCED LIPIDS shall be entitled, at its sole option, to require the buyer to immediately take delivery of and duly pay for any remaining quantity of Product under the contract or to cancel the contract as regards such remaining quantity. Should ADVANCED LIPIDS choose to cancel the contract, the buyer shall pay to ADVANCED LIPIDS fair and reasonable compensation for any loss, costs and expenses incurred by ADVANCED LIPIDS due to such cancellation including without limitation costs for raw material, trading losses and labor costs.
    5. ADVANCED LIPIDS shall immediately notify the buyer in case there is reason to believe that the delivery of the Product may be delayed. The buyer shall be entitled to cancel the delivery in question in case the delay causes the buyer considerable inconvenience conditional upon that the delay is not a consequence of force majeure in accordance with section 13 below.
    6. In case a delay in delivery is caused by ADVANCED LIPIDS, the buyer shall be entitled to compensation for damages only if agreed separately in writing by an authorized ADVANCED LIPIDS executive. ADVANCED LIPIDS shall in no event be liable for any pure economic loss or damages or any indirect or consequential loss, costs or damages resulting from a delay in delivery.
    7. ADVANCED LIPIDS shall at any time be entitled to non-performance of a delivery in case ADVANCED LIPIDS has a legitimate reason to question the buyer’s ability to pay for deliveries. However, ADVANCED LIPIDS shall not be entitled to non-performance of a delivery if, on request, the buyer pays for the delivery in advance or grants security for the delivery which can reasonably be accepted by ADVANCED LIPIDS.
  7. TAXES, CHARGES, PERMITS, LICENCE
  8. All applicable taxes, charges, custom or import duties relating to the delivery of the Product in the country of destination shall be paid by the buyer, unless otherwise agreed in writing. The buyer shall further be responsible for obtaining necessary import license and any other required licenses and permits.

  9. WEIGHT
  10. The quantity of the Product supplied may, without affecting the agreed contract price, deviate more or less than the agreed contract weight by up to five per cent (5%), but no more than five (5) metric tons. In case of any positive or negative deviation from the contract weight by more than five per cent or five (5) metric tons, the parties shall reach an agreement on how such deviation shall affect the price of the Product. The weight of the Product shall be finally settled by ADVANCED LIPIDS by the use of scales, outage meters or flow meters which have been calibrated specifically for such purpose.

  11. PRICE
  12. ADVANCED LIPIDS is entitled to adjust the contract price if, before the delivery date, there are any material and unforeseen changes of duties, taxes or other governmental charges increasing the costs for the provision of the Product. If the contract price is adjusted according to this section, ADVANCED LIPIDS shall inform the buyer as soon as possible after ADVANCED LIPIDS has received information about the change of duties, taxes or other governmental charges giving rise to the price adjustment.

  13. PAYMENT
    1. Payment shall be made latest when due according to agreed payment terms. If no specific payment terms have been agreed, payment shall be made no later than on the due date set out in the ADVANCED LIPIDS’ invoice. Invoice relating to delivery may be issued as per the date of loading of the Product for transport to the buyer.
    2. In the event of any delay in payment, ADVANCED LIPIDS shall be entitled to interest on the unpaid amount from the due date of payment until the entire invoiced amount has been paid in full. The rate of interest shall per annum be the Swedish Riksbank’s official reference rate (Sw: Riksbankens referensränta) at the time plus ten (10) percentage units.
  14. RETENTION OF TITLE
  15. The Product remains the property of ADVANCED LIPIDS until the agreed price for the Product has been paid in full by the buyer.

  16. DEFECTS AND SHORTAGE
    1. Should the Product, as delivered, not conform with the specifications agreed in writing or mandatory applicable laws or regulations in the country where the Product is manufactured, or should the quantity of delivered Product deviate from the agreed quantity, ADVANCED LIPIDS shall, at its own discretion and at its own cost, either deliver new Product or refund such proportion of the purchase price received corresponding to the relevant defect or shortage. ADVANCED LIPIDS shall in no event be liable for the suitability of the Product for its intended use or its fitness for a particular purpose. ADVANCED LIPIDS shall further in no event be liable for defects or shortage of Product when caused by the buyer’s inappropriate or improper use or storage of the Product or by the buyer otherwise not adhering to instructions given by ADVANCED LIPIDS regarding handling of the Product in any respect.
    2. The buyer shall carefully examine the Product immediately upon delivery and without delay report to ADVANCED LIPIDS in writing any defects or shortage as set forth in section 10.1 above. Any claim from the buyer must, in order to be valid, be made to ADVANCED LIPIDS prior to the Product or any part thereof is used or put into production. Any claim towards ADVANCED LIPIDS on account of any defect or shortage shall, in any case, be deemed waived by the buyer unless submitted to ADVANCED LIPIDS in writing not later than ninety (90) days from the delivery date. ADVANCED LIPIDS shall be given reasonable opportunity to investigate all claims from the buyer.
    3. Any notice of any claim shall be specified and state the alleged defect or shortage as well as the delivery date of the Product. ADVANCED LIPIDS shall be entitled to examine any delivery with an alleged defect or shortage. ADVANCED LIPIDS shall, in the event ADVANCED LIPIDS accepts to deliver a new Product, at its own cost, collect the defective Product.
  17. PRODUCT LIABILITY
    1. ADVANCED LIPIDS shall not be liable in relation to any recall costs, bodily injury or damage to property (product liability damage) caused by the Product if such occurs after the Product has been delivered, unless the relevant injury or damage has been caused solely by defects in the Product as qualified in section 10.1 above and provided that such defects could not reasonably been identified by the buyer and that the defects have been caused by negligence on the part of ADVANCED LIPIDS.
    2. If ADVANCED LIPIDS incurs liability towards any third party due to the Product delivered to the buyer and given that ADVANCED LIPIDS is not liable in relation hereto under these General Terms, then the buyer shall indemnify, defend and hold ADVANCED LIPIDS harmless in relation to any such liability.
    3. ADVANCED LIPIDS’ liability as set forth in section 11.1 above shall be limited to SEK ten million (10,000,000) per each occurrence of damages, including series of two or more claims arising from one specific common cause which is attributable to e.g. to the same fault in design, manufacture, instructions for use or labelling of products or to the supply of the same products or to products showing the same defect. Any claim towards ADVANCED LIPIDS on account of recall, bodily injury or damage to property as described in section 11.1 shall be deemed waived by the buyer, unless submitted to ADVANCED LIPIDS in writing not later than sixty (60) days from the date the Product or any part thereof was used or put into production.
  18. LIMITATION OF LIABILITY
  19. ADVANCED LIPIDS shall have no liability in relation to the Product except as specified in these General Terms. For the avoidance of doubt, ADVANCED LIPIDS shall, notwithstanding anything to the contrary herein, under no circumstance whatsoever be liable for any loss of production, loss of profit or any other pure economic loss or damages or any indirect or consequential loss, costs or damages, irrespective of if such has been caused by a defective, or shortage of, Product or not. This limitation of ADVANCED LIPIDS’ liability shall, however, not apply in case ADVANCED LIPIDS is proven guilty of gross negligence.

  20. FORCE MAJEURE
  21. ADVANCED LIPIDS shall not be liable for any non-performance of its obligations caused by circumstances beyond ADVANCED LIPIDS’ control, which prevent or considerably obstruct production, delivery or freight of the Product until such obstacle has been removed (force majeure). Such circumstances shall be deemed to include difficulties to procure raw materials for the Product as well as other difficulties and disturbances such as, including but not limited to, labor conflicts, fire or other accident, flooding, fuel or power shortages, transportation shortages, obstacles or interruptions regarding transportation at sea and breakdowns or interruptions of any kind as regards ADVANCED LIPIDS’ equipment or facilities, which are deemed necessary for the performance of ADVANCED LIPIDS’ obligations.

  22. DISPUTES AND GOVERNING LAW
    1. 14.1 Any dispute arising out of or in connection with the delivery of Products shall be finally settled by arbitration in accordance with the Rules of Arbitration Institute of the Stockholm Chamber of Commerce. The arbitration proceedings shall take place in Stockholm, Sweden. The Rules for Expedited Arbitrations shall apply if the amount of the dispute does not exceed SEK five hundred thousand (500,000). The amount of the dispute shall be considered the amount the plaintiff claims at the beginning of the procedure, excluding claim of interest. ADVANCED LIPIDS shall also be entitled to apply directly to any competent court of law, in cases of default in payment.
    2. 14.2 These General Terms and Conditions of Sale and any other agreement between ADVANCED LIPIDS and the buyer shall be governed by Swedish law, without regard to its principles of conflict of laws, except that the regulations regarding defects and remedies set out in the Swedish Sales of Goods Act (1990:931) and the Swedish law (1987:822) on International Sale of Goods shall not apply.

These General Terms and Conditions of Sale are valid as from September 22nd, 2016.