Terms and Conditions

Conditions of Sale.

• General.
  All orders are subject to these conditions of sale and the placing of any order by the buyer shall be considered as acceptance of these conditions. Unless otherwise specified in our order acknowledgement these conditions may not be modified or varied unless Precision Chains Ltd. (hereinafter referred to as ‘the Company’) agrees in writing and the company shall not be deemed to accept such other conditions nor waive any of these condition by failing to object to provisions contained in any purchase order or other communication from the buyer.
• Payment.
  Payment is strictly 30 days nett from the date of invoice, unless otherwise agreed between the Company and the buyer in writing prior to the issue of the invoice. The Company reserves the right to refuse Credit at any time and demand immediate payment of all monies outstanding. The Company, at its discretion, reserves the right to charge interest on the account outstanding beyond the time specified in this condition. The rate of interest shall be 2.5% per annum over Barclays Bank PLC baselending rate from time to time in force. The Company can exercise this right in addition to any other rights it may have in respect of the goods or non-payment.
• Prices.
  Prices are subject to variation without notice. Unless otherwise agreed in writing all orders are executed subject to prices and any relevant discounts ruling at the date of despatch and any price list of the Company whether published or not shall not affect the right of the company to charge for goods in accordance with this clause. All prices are subject to the addition of value Added Tax at the appropriate rate.
• Credit.
  Any contract shall be subject to the company being satisfied as to the buyer’s credit worthiness and without prejudice to the generality of the foregoing the company may, in its absolute discretion having informed the buyer that the goods are ready for delivery, refrain from delivering the goods until such time as the buyer tenders the purchase money to the Company in a form satisfactory to the Company.
• Orders.
  Orders sent in confirmation of telephone instructions should be clearly marked as such, otherwise any additional expense incurred by the company as a result of duplication of order will be charged to the buyer.
• Delivery.
  Delivery dates are promises given in good faith by the Company to indicate estimated delivery times, but shall not amount to any contracted obligation to deliver at the time stated. No liability for direct or consequential loss or damage arising from delated delivery will be accepted by the Company.
• Title.
  The Company and the buyer expressly agree that until the company has been paid in full for the goods supplied:
  • The goods remain the property of the Company although the risk therein passes to the buyer at the point when delivery is made.
  • The company may recover those goods which are in the buyers possession at any time if the company judges that the amount outstanding on the general statement of accounts between the parties is in excess of the credit limit the Company is willing to accord to the buyer; and for that purpose the Company’s servants and agents may enter upon any land or building upon which the goods are situated.
  • If the buyer incorporates such goods into other products, with the addition of his goods or those of others, or uses such goods as materials for other products, with or without such addition, the property in those other products is upon such incorporation for use ipso facto transferred to the Company and the buyer as a Bailee of them for the Company will store the same for the Company in a proper manner without charge to the company.
  • The buyer has the right to dispose of the goods or such other products in the course of his business for the account of the Company and to pass good title to the good or products top his customer being a bona fide purchaser for a value without notice of the company’s rights.
  • In the event of such disposal the buyer has the fiduciary duty to the company to account the Company for the proceeds but may retain therefrom an excess of such proceeds over the amount outstanding and due to the Company, and the company has the addition right to recover the buyers price from the buyers customer to the extent unpaid; if the company avails itself od this right, it will account to the buyer for any excess less any expenses incurred by effecting recovery.
• Carriage.
  Carriage is charged at extra cost.
• Packing and Cases.
  Packing cases are charged but are credited in full if returned and received in good condition, carriage paid within 60 days from the date of invoice.
• Returns.
  Goods correctly supplied may not be returned without the company’s written agreement. Goods so returned must be consigned ‘carriage paid’.
• Guarantee.
  The Company will replace any goods which within 1 year of delivery are proved to be defective in workmanship or material. The company does not guarantee the suitability of the goods for a particular purpose nor does it accept responsibility for consequential damages and expenses.
• Limits of Contract.
  Any quotation includes only such goods, accessories and work as are specified therein.
• Bankruptcy.
  In the event of the buyer committing any breach of contract with the company or if any distress or execution is levied upon the goods of the buyer or if he offers to make any arrangement with or for the benefit of his creditors or commits any act of bankruptcy or, being a limited company, has a Receiver appointed od its undertaking or assets or any part thereof or, for the purposes of a reconstruction or amalgamation without insolvency, goes into liquidation, the Company shall thereupon be entitled without prejudice to its other rights forthwith to suspend all further deliveries until the fault has been made good to determine the contract or any unfulfilled part thereof, or at the company’s option to make partial deliveries.
• Copyright.
  All drawings, description and other information submitted by the company shall remain the property of the Company together with the copyright therein.
• Legal Construction.
  Unless otherwise agreed by the Company in writing, these conditions shall in all respects be controlled and operate as an English Contact, in conformity with English law.