Terms

ACRONA ENGINEERING

STANDARD TERMS AND CONDITIONS OF SALE

(1) – DEFINITIONS

“The Company” means Acrona Engineering Ltd.

“The Purchaser” means the person, firm or company to be supplied by the company.

“Goods” means all materials or other items to be supplied pursuant to the contract.

“The Contract” means the contract for sale and purchase of materials or items made between the company and the purchaser.

(2) – SCOPE

Contracts are only accepted upon and subject to the company’s standard terms and conditions of sale. Unless expressly acknowledged in writing any deviance from these terms and conditions on a purchaser’s form will be treated as inapplicable.

No order shall constitute a contract between the company and the purchaser until formally acknowledged in writing by the company.

(3) – PRICES

Unless otherwise agreed in writing, prices will be as quotation.

Prices quoted are net, unless stated otherwise.

Prices will remain firm for a period of 60 days from the date of quotation.

(4) – TERMS OF PAYMENT

Settlement of account is strictly nett and payable within 45 days from invoice date.

Any payment or part thereof remaining unpaid after such a period of 45 days shall, in the absolute discretion of the company, carry interest thereon at the rate of 3% per annum above the base rate of Natwest Bank Plc prevailing during the period such unpaid balance remains and shall be added to the balance due from the purchaser to the company on a daily basis.

(5) – DELIVERY

Unless otherwise agreed in writing, the company reserves the right to charge the purchaser the cost of transportation of goods to the destination which appears on the purchaser’s order.

Whilst every effort is made to deliver goods on or before the dates stated in the contract, such dates shall be for information purposes only and shall not form part of the contract unless specifically agreed otherwise in writing.

(6) – TITLE

The company and the purchaser expressly agree that all goods remain the property of the company until payment for such goods has been made in full.

So long as the company retains the title to goods, the company shall have the right, without prejudice to take re-possession of the goods and for that purpose to enter or go upon any premises owned or occupied by the purchaser.

(7) – LOSS OR DAMAGE IN TRANSIT

In the event of damage or shortage the company will not be liable unless notified within 3 working days of delivery.

The company will not be liable for goods claimed to be defective until it is confirmed that the fault is not the result of improper handling or use by the purchaser.

(8) – CANCELLATION BY THE PURCHASER

The purchaser shall have no right under any circumstances to cancel the whole or part of a contract without the written consent of the company.

The company shall be entitled to grant such consent on terms and conditions as it may think fit, including terms and conditions as to payment of compensation by the purchaser.

No goods returned will be accepted without the consent of the company.

(9) – FORCE MAJEURE

If the company is prevented wholly or partially from performing its obligations under these terms and conditions by its normal means due to industrial disputes, accidents, breakdowns or other circumstances beyond its reasonable control, it may at its discretion, suspend or terminate in whole or in part its performance during the period it is affected by such circumstances.