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General Conditions for the Storage of Goods (GCSP)

by PANALPINA (hereafter called Panalpina)

Articles 1 - 16

Article 10 - Storage Charges, Costs and Duties

The client shall have to pay the agreed-upon storage charges and to reimburse any costs and duties incurred in connection with the storage.

 

In case of adjustment in the usual rates and local trade practices after execution of the storage contract, the agreed-upon storage fees will be adjusted accordingly.

 

In case of denunciation or termination of the storage contract, the storage charges shall be due for the current month, regardless of the date of termination.

 

Should a client not meet his contract obligations, Panalpina shall be entitled to proceed to a private sale or to cause the goods to be auctioned, 30 days after having sent a demand letter by registered mail. The proceeds of sale exceeding the amount due shall be returned to the debtor.