Unless otherwise agreed in writing by Hynds, all quotes given by Hynds, and supply of Goods by Hynds to the Customer are governed by these terms and conditions to exclusion of all other terms and conditions or representations. These terms and conditions will not be deemed to be modified, cancelled or waived in whole or in part except by written amendment of Hynds. In these terms and conditions: “Hynds” means Hynds Pipe Systems Ltd and includes any of its divisions; “Customer” means any company, person or other body which orders or requests, either itself or through an agent, the supply of Goods from Hynds or makes an application for credit from Hynds in relation to any such supply; “Goods” means all products manufactured and distributed by Hynds for drainage, watermain, environmental and rural applications, including, without limitation, fabricated products, concrete spun pipe and precast products, clay pipe systems, streetware and associated systems, water and wastewater management products and systems, pumps, fittings, valves and hydrants, plastic, steel and iron pipes and all associated services and hireage; “GST” means goods and services tax. pursuant to the Goods and Services Tax Act 1985; “Guarantor” means any person or entity that at any time provides a guarantee to Hynds in respect of the Customer’s obligations; “Insolvency Event” includes, in respect of any person, when that person commits an act of bankruptcy, makes an arrangement with any or all of its creditors for rescheduling of any indebtedness, has a receiver, liquidator or voluntary administrator appointed or is otherwise insolvent or deemed to be insolvent; “PPSA means the Personal Property Securities Act 1999; “Security Interest” means a security interest as defined in the PPSA and “Signatory” means any person signing an order or credit application for or on behalf of the Customer.
Prices and Price lists, with the exception of Hynds written quotations, are subject to variation by Hynds without notice prior to the confirmation of any order. Unless otherwise agreed by Hynds in writing, the price payable for the Goods is the price specified on the invoice for the particular delivery of Goods. Quotations may be withdrawn or modified by Hynds, at any time prior to receipt of written acceptance. Quotes are otherwise valid to the date stated on the Quotations Header, or for 30 days, and will lapse if not accepted in writing by the Customers within that time. All quotes must be kept confidential between the Customer and Hynds.
3. PAYMENT TERMS, CREDIT AND INTEREST
Unless otherwise agreed in writing by Hynds, all Goods must be paid for in cash. If Hynds grants credit to the Customer the following terms shall apply.
a. Payments will be made in full without deduction or set-off no later than the 20th day of the month following invoice.
b. Should the Customer default in payment of any monies due to Hynds or in the performance of any other obligation which it owes to Hynds or any associated company or should any Insolvency Event occur in respect of the Customer or any Guarantor then:
i. All monies due by the Customer to Hynds shall immediately become due and payable.
ii. Hynds may charge the Customer interest at Hynds then current bank overdraft rate plus 2% on all overdue amounts, from the date payment was due until payment in full.
iii. Hynds may suspend further deliveries of Goods to the Customer until the Customer has paid all monies due by the Customer to Hynds; and
iv. Hynds may revoke all credit provided to the Customer and require that all further deliveries be on a cash on or before delivery basis.
c. Any expenses, costs or disbursements incurred by Hynds in recovering any outstanding monies including debt collection agency fees or legal fees, shall be recoverable from the Customer.
d. Hynds is entitled to request security from the Customer and shall be entitled to withhold the supply of Goods or credit until such security has been obtained.
4. SET OFF
The Customer authorises Hynds, and any associated company, to apply (without prior notice or demand) any credit balance of the Customer on any account with Hynds or any associated company or any money owed by Hynds or any associated company towards satisfaction of any payment due and payable by the Customer to Hynds or any associated company. This clause is intended to be relied upon by both Hynds and each associated company.
5. RESERVATION OF TITLE
All Goods supplied by Hynds shall remain the property of Hynds until payment in full by the Customer of all amounts owing is received by Hynds. Until property in the Goods passes to the Customer, the Customer shall hold the Goods as a bailee and shall be liable to Hynds accordingly. If the Customer breaches any of these terms and conditions Hynds shall have the right (without giving notice) to retake possession of the Goods and the Customer authorizes Hynds or its representatives, servants, agents of employees to enter any premises upon which the Goods are stored for the purpose of retaking possession of the Goods. Hynds will have no liability to the Customer or any third party in relation to the entry, removal or repossession of the Goods pursuant to this clause and the Customer will indemnify Hynds against any claims, actions or costs that may arise as a result.
In the case of Goods supplied under a Hynds Agreement for Hire, payment does not constitute transfer of property in the Goods, with title retained by Hynds.
6. WOODEN PALLET/DUNNAGE
Where wooden pallet/dunnage are supplied by Hynds, Hynds may require the Customer to purchase such pallets/dunnage for such an amount as shall be at the sole discretion of Hynds. All wooden pallets/dunnage supplied by Hynds remain the property of Hynds until the Customer has paid all amounts payable by the Customer to Hynds. The risk of loss of, or damage to such wooden pallets/dunnage passes to the Customer upon delivery to a carrier or to the Customer or nominee, as the case may be. Hynds may, in its sole and absolute discretion, permit the Customer to return purchased wooden pallets/dunnage for credit, provided the Customer provides proof of purchase of the wooden pallets/dunnage
7. PERSONAL PROPERTY SECURITIES ACT 1999
a. The Customer must do all such things and execute or arrange for execution of all such documents as Hynds may require to ensure that Hynds has a perfected first ranking security interest(s) in the Goods and any wooden pallets/dunnage supplied by Hynds.
b. Without limitation to paragraph a. of this clause the Customer grants to Hynds a security interest in all of its present and after acquired personal property as security for all obligations from time to time of the Customer to Hynds.
c. The Customer waives its right to receive a copy of any verification statement(s) under the PPSA and agree that as between Hynds and the Customer, the Customer will have no rights under (or by reference to) sections 114(1)(a), 116, 120(2), 121, 125, 129, 131, 133 and 134 of the PPSA. Immediately upon request by Hynds the Customer must (at the Customers cost) procure from any person considered by Hynds to be relevant to its security position such agreements and waivers as Hynds may at any time require.
GST and any duty or other tax, levy or impost on or relating to the Goods, is payable by the Customer to Hynds upon demand, in addition to the price of the Goods.