TERMS & CONDITIONS

1.) DEFINITIONS

a. The term "Company" shall mean Fraser Engineering (UK) Ltd.

b. The term "Customer" shall mean any person, firm or company who purchases goods from the Company.

c. The term "Goods" shall mean the items specified in the Order.

2.) CONDITIONS

These conditions apply to, and are deemed to be incorporated, in all quotations, tenders, contracts and orders for the supply of Goods or services by the Company.

3.) QUOTATIONS

Quotations are made upon the basis of materials and labour for a period of 30 days from the date of the quotation. Should an Order not be placed within these 30 days the quotation may be subject to alterations to take account of increase in costs.

4.) DESCRIPTION AND QUALITY

Descriptions, weights and technical data in the Company's catalogues, prices (written or oral) made by a representative of the Company, are provided to give customers an approximate picture and description only, and do not form the basis of any contractual liability.

The Company operates a policy of continuous development and improvement, therefore designs of Goods and materials utilised, are subject to alteration without notice.

All quotations given and sales made are upon the condition that although goods supplied are of sound commercial quality, the Company accepts no liability as to their suitability for any other purpose than that specified by the Customer prior to the time of sale.

5.) PRICES

Orders placed will be charged at the current price as specified in the quotation.

6.) VALUE ADDED TAX

All prices quoted are exclusive of Value Added Tax.

7.) CARRIAGE

Carriage charges will be added to the cost of each Order at rates which shall be determined by the Company unless otherwise specified in writing.

8.) CANCELLATION OF ORDERS

The Company reserves the right to charge the Customer for all costs incurred due to cancelling. A re-stocking fee of 25% may be charged.

9.) PAYMENT AND ACCOUNTS

Credit accounts will only be opened at the Company's discretion, subject to satisfactory references being given. The Company reserves the right to set a credit limit upon each account and to withdraw credit if payment terms are not adhered to.

Payment Terms are strictly 30 days from Invoice Date with no exceptions other than by prior agreement by the Credit Manager. For first time Orders, payment is required before goods are dispatched, by Cheque or BACS/Bank Transfer.

In the event of late payment, where the Company is not paid according to the Credit Terms, the Company "Understands and will exercise our statutory right to interest under the late Payment of Commercial Debts (Interest) Act 1998" until payment is made in full.

Interest will be charged daily at the Bank of England (base rate) + 8%

The Company has a legal right to the Interest and if it deems necessary will seek enforcement through the courts.

The Company is also entitled to claim compensation ranging from £40 - £100 depending on the amount overdue.

10.) PAYMENT DISPUTES

Should the Customer for any reason dispute the Invoice received for Goods or Services supplied by the Company, the Credit Manager should be contacted in the first instance in writing no later than 5 Days after receiving the Goods or Invoice whichever is the latter. Disputes after this time shall be disallowed.

11.) DELIVERY

Delivery shall be at the Customer's premises unless otherwise agreed on the order. The Company will make every effort to ensure that Goods are delivered at the time stated on the Customers Order.

The Company will not accept liability for direct or indirect loss arising from delays caused by fire, flood, strike, lockout or any other cause beyond the Company's control.

12.) EXAMINATION OF GOODS

Goods must be examined upon delivery. Any loss or damage to goods must be notified to the Company immediately by telephone and confirmed in writing within five days thereafter.

13.) TITLE / RISK

The risk shall pass to the Customer on Delivery.

Title to the Goods shall remain the property of Fraser Engineering (UK) Ltd after delivery until complete payment of all sums has been made.

14.) LAW

The contract between the Company and the Customer for the supply of Goods and Services shall be governed and take effect in accordance with the laws of England and it is agreed that the English Courts shall have jurisdiction.

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