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ESAR Solutions Ltd — Trade Credit Account Terms
These terms govern the supply of goods on credit by ESAR Solutions Ltd ("the Company", ESAR Solutions Ltd, company no. 08103829, VAT registration GB145009340, registered office 53 Great Hampton Street, Birmingham, West Midlands, B18 6EL, registered in England & Wales) to the applicant ("the Customer").
1. Credit & payment terms
Subject to approval, the Company may grant the Customer a credit limit at its sole discretion. Unless agreed otherwise in writing, payment is due 30 days net from the date of invoice. The Company may vary or withdraw the credit limit or facility at any time.
2. Late payment
The Company reserves the right to charge interest and statutory compensation on overdue amounts under the Late Payment of Commercial Debts (Interest) Act 1998, and to suspend supply and/or place the account on stop while any amount is overdue.
3. Retention of title
Risk in the goods passes on delivery, but legal and beneficial title remains with the Company until the Company has received payment in full for those goods and all other sums owed by the Customer. Until title passes the Customer holds the goods as bailee and must store them so they are identifiable as the Company's property.
4. Orders & purchase orders
Approved account customers order by submitting a purchase order. Each order is subject to these terms and to the Company's standard terms of sale and acceptance of the order by the Company.
5. References & data
The Customer authorises the Company to contact the trade and bank references provided and to make such credit enquiries as it considers necessary. Personal data is processed in line with the Company's privacy policy.
6. General
These terms are governed by the law of England & Wales. The Customer confirms the information given in this application is true and complete.