Brexit Planning

Given the uncertainty created by Brexit, IPP is actively working with its customers and suppliers to examine existing strategies and related business models to assess what changes and adaptations are necessary to navigate the coming years.

Please make a note of the following points:

Consumable Stocks

Brexit is expected to slow down and/or delay the movement of goods. In preparation, IPP has an additional buffer of one month on call-off/regular used consumables only. All invoicing of consumables excludes VAT and any additional charges post Brexit.

Quotes

All quotes exclude VAT and any additional charges post Brexit.

Spares

There may be delays in overnight shipments and payment of additional duty. Please allow for this when ordering spares during the initial Brexit period. All invoicing of spares excludes VAT and any additional charges post Brexit.

Lead Times

From January 2020, all lead times, including Supplier lead times are “estimated” as the movement of a product during the initial weeks of Brexit may be delayed.

IPP’s Brexit clause/Terms and Conditions

In the event of Brexit, if either Party considers that the consequences of Brexit materially increase the costs of it performing its obligations under this Agreement and/or reduces its income under this Agreement and/or otherwise adversely affects the benefit it derives from this Agreement, such Party may give notice to the other of the same, and shall promptly supply such details and evidence of such consequences as may reasonably be required by the other Party. Within fourteen (14) days of the other Party receiving such notice, the Parties shall discuss in good faith and agree whether any amendments are required to this Agreement as a result of Brexit, such that the provisions of this Agreement maintain the same overall balance of obligations, benefits, liabilities and risk between the Parties as applied at the date of this Agreement. The Parties agree that the imposition of tariffs and other trade barriers relating to the subject matter of this Agreement and not in existence at the date of the Agreement shall be considered a change in the overall balance.

‍