Unless otherwise stated our quote prices are net ex-works in pounds sterling and do not include V.A.T. (or any government tax charge or duty), or the cost of packing insurance loaded delivery freight installation or similar charges, which items will all be charged as extras.
The price will be that covered by a valid quotation. Where a valid quotation does not exist at the time of order, the price will be that ruling at the time of despatch of the equipment from our works.
An additional charge may be made to cover any increase in the costs of manufacture and materials arising between the date of quotation and the date of delivery.
All sums shown as due on our invoice must be paid within 30 days (or the period stated on the invoice) of the date thereof. In the case of progress payments, payments are due on demand. Without prejudice to any other rights we may have in connection with late payment, we reserve the right to charge interest, which shall accrue at the rate of 3% over the base rate for the time being of Royal Bank of Scotland Plc on a daily basis on all amounts due to outstanding.
We shall be entitled to sue for payment due notwithstanding that title to the Equipment may not have passed by virtue of clause of these conditions.
For export despatches on a fob, C&F or CIF basis payments in full must be received by us prior to the despatch of the equipment unless an irrevocable letter of credit confirmed and drawn on a United Kingdom bank is first opened in our favour or equivalent arrangements are made to our satisfaction.
We reserve the right to suspend the completion of any order placed by you in the event that our payment terms are not complied with.
You will discharge all sums due under this contract without any claim for set off or counter claim whatsoever.
Title in the Equipment shall not pass to you until such time as all sums owing to us whether under this contract or any other contract have been paid in full. Until title passes to you, you shall hold the equipment as our bailer and shall return the equipment to us on demand.
You shall further permit us (by our servants or agents) to enter your premises and to repossess the equipment at any time and shall reimburse all our reasonable costs and expenses in so doing.
You shall be at liberty to resell the Equipment purchased from us prior to the passing of the title upon the basis only that any such sale shall be effected as our agent and that so much of the proceeds of sale as are necessary to discharge payment in full to us shall be held by you on trust for us.
Registered in England & Wales Company No 08758214. VAT No GB 179 499 336 © Ram Power