General Terms & Conditions
Contracts are entered into and orders accepted only upon and subject to these terms and conditions of business. All other terms are herby excluded unless expressly accepted by the company in writing.
Accounts
Satisfactory trade or, if new to business, private references and a bank reference must be received before a credit account may be opened. The company reserves the right to consult whomsoever it considers necessary for the purpose of trade references and will record information in respect of such opinions which will be made available to other businesses for the continuing assessment of credit risk. The company reserves the right to suspend trading with the customer if in the opinion of the company there is a material deterioration in the customer’s credit worthiness of their inability to comply with these terms. The company reserves the right in its absolute discretion to insist upon payment at any time by way of cleared funds or security for payment notwithstanding any subsisting agreement to provide credit to the customer.
Title
Goods shall be at the risk of the customer as soon as they are delivered by the company to the customer’s vehicles or its premises or otherwise to its order. Goods shall remain the sole and absolute property of the company as legal and equitable owner until such time as the customer shall have paid to the company the price for the goods together with the full price of any other goods supplied by the company. The customer acknowledges that it is in possession of the goods solely as bailee for the company until such time as the full price thereof is paid to the company together with the full price of any other goods supplied by the company until such time as title to the goods shall pass to the customer. It will store them in its premises separately from its own goods or those of any other person and in a manner which makes them readily identifiable as the goods of the company. The customers rights to possession of the goods shall cease if he not being a company commits an act of bankruptcy or enters into an arrangement or composition for the benefit of his creditors of if it being a company does anything or fails to do anything which would entitle a receiver to take possession of any assets or which would entitle any person to present a petition for winding up. The company may for the purpose of recovery of its goods enter upon any premises where they are stored or where they are reasonably thought to be stored and may repossess the same. All costs and expenses incurred by the company in procuring repossession of the goods shall be payable by the customer as a debt due on demand.
Subject to the terms hereof the customer is licensed by the company to agree to sell on the company’s goods. Subject to the express condition that such an agreement to sell shall take place as agents and bailees for the company save that the customer shall not hold himself out as such, whether the customer sells on his account or not and that the entire proceeds thereof are held in trust for the company and are not mingled with other monies or paid into any overdrawn bank account and shall be at all times identifiable as the company’s monies. If the customer has not received the proceeds of any such sale he will if called upon so to so by the company, within seven days thereof assign to the company all rights against the person or persons to whom the customer has supplied the company’s goods or any part of them.