7. PAYMENT
7.1 The Supplier shall be entitled to invoice the Customer for each Order on or at any time after completion of delivery of the Products supplied thereunder and such Products are completely accepted by the Customer. The Customer shall make payment of the Product Prices and the corresponding VAT amount after deduction of the Advance in full within 30 days of receipt of all relevant certificates required for the Products, invoice, and original tax invoices in relation to the Products Prices. Payment shall be made to the Bank Account.
7.2 If a Party fails to make any payment due to the other under this Agreement by the due date for payment (the "due date"), then, without limiting the other Party's remedies under this Agreement and by law, the defaulting Party shall pay interest on the overdue amount at the rate of 7.5 % per annum. Such interest shall accrue on a daily basis from the due date until the date of actual payment of the overdue amount, whether before or after judgment. The defaulting Party shall pay the interest together with the overdue amount.
7.3 Each Party may, without limiting any other rights or remedies it may have, set off any amounts owed to it by the other Party under this Agreement against any amounts payable by it to the other Party under this Agreement.
7.4 All payments payable to the Supplier or the Customer under this Agreement shall become due immediately on the termination hereof. This Clause 7.44 is without prejudice to any right to claim for interest under the law or under this Agreement.