Product Categories
- Axiom
- Airmaster
- Meridian
- Profix
TERMS OF PAYMENT
Subject to any special terms agreed in writing between the Buyer and the Seller, the Seller shall be entitled to invoice the Buyer for the price of the Goods on or at any time after delivery of the Goods, unless the Goods are to be collected by the Buyer or the Buyer has wrongfully failed to take delivery of the Goods, in which event the Seller shall be entitled to invoice the Buyer for the price at any time after the Seller has notified the Buyer that the Goods are ready for collection or (as the case may be) the Seller has tendered delivery of the Goods.
The Buyer shall pay the price of the Goods (less any discount to which the Buyer is entitled, but without any other deductions) within 30 days of the date of the Seller's monthly statement, notwithstanding that delivery may not have taken place and the Property of the Goods has not passed to the Buyer.
The time of Payment of the price shall be of the essence of the contract. Receipts for payment will be issued only upon request. If the Buyer fails to make any payment on the due date, then, without prejudice to any other or remedy available to the Seller, the Seller shall be entitled to:
Cancel the contract or suspend any further deliveries to the Buyer, Appropriate any payment made by the Buyer to such Goods (or the Goods supplied under any other contract between the Buyer and the Seller) as the Seller may think fit (notwithstanding any purported appropriation by the Buyer ): and Charge the Buyer interest (both before and after any judgment) on the amount unpaid, at the rate of 4 percent per annum above Barclays Bank Plc base rate from time to time, until Payment in full is made (a part of a month being treated as a full month for the purpose of calculating interest.