Terms and Conditions

GENERAL CONDITIONS OF SALE

• 1. Payment for the goods shall be made in full by the date shown as the due date for payment on the invoice (“the due date”).  The seller shall retain title to goods supplied to the buyer until it has received payment in full for them.  Goods belonging to the seller shall be stored so they are identifiable as such.  That the seller retains title to goods supplied until they have been paid for shall not affect its right as an unpaid seller.
  
  
• 2. Furthermore, if payment is overdue, or the buyer enters into bankruptcy, liquidation, a composition with its creditors, has a receiver or manager or administrator appointed over all of any part of its assets or becomes insolvent, the seller shall be entitled, without prejudice to any other remedy, to repossess goods belonging to it and to enter into any premises, without notice, for this purpose.
  
  
• 3. If any goods belonging to the seller are disposed of by the buyer or an insurance claim is made in respect of them, the seller shall be entitled to trace the sale or insurance proceeds, which proceeds shall be held by the buyer in a separate bank account on trust for the seller.
  
  
• 4. If the buyer fails to make full payment for the goods by the due date the seller may also without notice:
  
• cancel any discount stated on the invoice, in which case the seller shall issue a further invoice in the sum of the discount and payment thereof shall become due immediately; and/or
• charge interest on so much of the purchase price that remains unpaid at the rate of 1.5% per calendar month from the date of invoice, in which case the seller shall issue a further invoice for such interest and payment thereof shall become due immediately.


• 5. Possession of the goods shall pass to the buyer at the time the goods are loaded onto the vehicle which is to effect delivery of the goods from the seller’s premises and the goods shall thereafter be at the buyer’s risk.
  
  
• 6. In consideration of the seller’s freight and insurance charge the seller shall, unless otherwise directed by the buyer, despatch and deliver the goods to the buyer or as the buyer may direct and shall insure the goods whilst in transit against such risks which the seller considers appropriate.  The charge for freight and insurance is solely to the buyer’s account and is payable by the buyer to the seller with payment of the goods.  The buyer may arrange for such freight and insurance at its own expense, without recourse to the seller, in which event, the seller’s freight and insurance charge will not apply.
  
  
• 7. The goods are sold by the seller on these Conditions of Sale only and to the exclusion of anything to the contrary in the terms of the buyer’s order or other documentation.