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General Terms of Sale

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1. Application

These general terms apply and exclude the application of any contrary purchasing terms of
the purchaser. S.A. CORMAN wouldn’t have contracted if this condition was not agreed
with the purchaser.

2. Offer

Any offer described as ”firm” is valid for a limited period of 24 hours. Any offer not
described as “firm” is submitted without binding commitment.

3. Written contract of sale

Any written contract of sale sent by S.A. CORMAN to the purchaser shall be returned, duly
signed, within a period of 14 days. Failure to return the contract shall imply acceptance of
all the special and general clauses which it contains. Nevertheless, S.A. CORMAN will have
the right to regard the contract not expressly accepted as null and void.

4. Breach of contract

Should the sales contract be broken by the purchaser, the latter shall pay compensation
at a flat rate equal to 5% of the contract value unless S.A. CORMAN proves higher
damages.

5. Failure and delay to supply

Besides applicable cases of exclusion of liability related to force majeure, S.A. CORMAN shall
not be held liable for a failure to deliver the agreed quantities where the failure is the result
of hardship and unaccountable circumstances not assumed by SA CORMAN making the
execution excessively onerous. In this case, SA CORMAN is entitled to renegotiate an
adaptation of its obligations in accordance with the economics of the contract.

The stated delivery time termination is always indicative in character. Failure to deliver on
time shall not constitute grounds for breach of contract by the purchaser, nor shall the latter
be entitled to damages as a result.

The acceptation of an order and the fulfilment of a contract may be conditioned by the
benefit of a credit insurance cover in favor of S.A. CORMAN or by an advance payment before
delivery.

6. Failure to take delivery on time

Where the purchaser is required to take delivery of the goods at a stated time, failure to do
so shall entitle S.A. CORMAN, at its option, to cancel the contract in part or in whole, to
receive the agreed selling price or to invoice the additional costs, without prejudice to any
and all compensations of damages.

7. Revision of the selling price

Where the selling price is influenced, even indirectly, by a price or a rate fixed by national or
E.U. authorities, any increase in this price shall immediately and automatically be passed on by
an increase in the selling price.

8. Complaints

All goods which have not been the subject of reservations expressed within 24 hours of
receipt, shall be considered to have been accepted. In case of non-conformity, the liability
of S.A. CORMAN is strictly limited at its option, to straightforward exchange or to
reimbursement for the merchandise.

9. Payment

9.1

Invoices are issued upon delivery and are payable within thirty (30) days, following delivery
of the goods.

9.2

The payment by the client is only complete when the account of S.A. CORMAN is fully and
irrevocably credited with the total due amount.

9.3

Failure to pay an invoice on the due date shall result in all the customer’s invoices becoming
payable. Furthermore, S.A. CORMAN may suspend all deliveries until the total amount has
been paid. Any invoice not paid on the due date shall automatically and without notice of
default generate a late payment interest of 0.5% per week of the total amount of the invoice,
with a fixed minimum of 40,00 EUR, without prejudice to other outstanding collection costs.

9.4

S.A. CORMAN keeps the property of the goods, without modifying the transfer of risks,
until the full payment of the corresponding invoice, even in case of resale, transformation or
incorporation of the goods. S.A. CORMAN benefits from a claim on the goods or on the sale
or resale price thereof.

10. Personal Data

The personal data of the customer and of any third party are processed by S.A. CORMAN in
accordance with the European General Data Protection Regulation (GDPR), following the
principles set out in the Personal Data Protection Charter available on the corman.be
website.

11. Applicable law

The present contract shall be ruled by and construed in accordance with Belgian law,
excluding the Vienna Convention on the International Sale of Goods.

12. Juridiction

Any dispute directly or indirectly concerning the contract of sale or its performance shall be
within the exclusive jurisdiction of the courts of Verviers, despite S.A. CORMAN has the
right to choose another legally competent court.

13. Primacy of the French text

In case of discrepancy between the French and the English text of these general terms of
sales, the French text will prevail.

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4834 Limbourg - Belgique

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