EUROSTAR INTERNATIONAL LIMITED

The standard payment term is 30 days from invoice date.

Dispute resolution process Payment practice report for EUROSTAR INTERNATIONAL LIMITED Please see extracts from our standard contract terms below: 12. Invoices and Payments 12.1. EIL shall pay the Charges no later than 30 days from the date of the Supplier's invoice, provided always that the Supplier has complied with the payment procedures in Schedule 1, 12.2. The Parties agree that: 12.2.1. the provisions of the Late Payment of Commercial Debts (Interest) Act 1998 shall not apply to this Contract; 12.2.2. where invoices are not paid by EIL on the due date, the Supplier shall notify EIL in writing; 12.2.3. 14 days after the date of receipt of such written notification by EIL, (the "Notification Receipt Date") interest shall be payable by EIL on the outstanding sum, at a rate of 3% above the Bank of England base rate, from time to time, such interest to accrue on the outstanding sum, from 14 days after the Notification Receipt Date. 12.3. If the Supplier is in default or fails in its performance of the Services EIL shall, without prejudice to any other right of action or remedy which EIL may have, have the right to suspend any payment due under the Contract until such default or failure of performance has been remedied to the reasonable satisfaction of EIL. 17. Dispute Resolution 17.1. If there is any dispute between the Parties arising from or in connection with this Contract, a Party seeking to invoke the provisions of this clause must give written notice to the other Party specifying the nature of the dispute and requesting a meeting to seek in good faith to resolve it. The Parties will meet for this purpose at an EIL Premise nominated by EIL within 14 days of the notice being sent. The meeting will be attended by senior executives of the Parties with authority to resolve the dispute. 17.2. This clause 17 is without prejudice to either Party's other rights or remedies provided by law, including termination pursuant to this Contract or otherwise including the right to seek injunctive relief or otherwise commence legal proceedings at any time. 22. Governing Law This Contract and other non-contractual obligations shall be governed by, and be construed in accordance with, English law and the parties agree that the English courts shall have exclusive jurisdiction to settle any dispute or claim arising out of this Contract. In relation to any construction contracts, payment disputes will be governed by the requirements of the Construction Act 1996 (as amended).