Credit Application Form - Produce Company Page 2

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TERMS   A ND   C ONDITIONS   O F   T RADE:  
1.
These   t erms   a nd   c onditions   s hall   a pply   t o   t he   p rovision   o f   a ll   g oods   a nd   s ervices   b y   T he   P roduce   C ompany   t o   t he   B uyer   a nd   a re   t he   T erms   a nd   C onditions   r eferred  
to  on  The  Produce  Company’s  form  of  invoice  and  credit  account  application.    The  Produce  Company  reserves  the  right  to  amend   the  Terms  and  Conditions  by  
written   n otice   t o   t he   B uyer.  
 
2.
Any  quotation  is  based  on  cost  of  labour,  materials  and  equipment,  freight  and  variable  and  fixed  expenses.    Any  increase  in  the  cost  to  The  Produce  Company  
which   m ay   o ccur   b etween   t he   d ate   o f   q uotation   a nd   d elivery   s hall   b e   p ayable   b y   t he   B uyer   a nd   a ny   s uch   i ncrease   s hall   i nclude   a   p ro   r ata   i ncrease   i n   T he   P roduce  
Company’s   p rofit   m argin.  
 
3.
Any   v ariation   i n   t he   q uantity   o f   g oods   s upplied   t o   t he   B uyer   a fter   t he   d ate   o f   t he   q uotation   s hall   b e   a t   t he   B uyer’s   e xpense.     T he   g oods   s hall   b e   p riced   a t   e ither   t he  
price   a pplicable   t o   t he   o riginal   q uantity   u nder   t he   q uotation   o r   s uch   o ther   p rice   a s   T he   P roduce   C ompany   m ay   d etermine   i n   i ts   a bsolute   d iscretion.  
 
4.
All   g oods   m ust   b e   p aid   f or   i n   f ull   o n   d elivery   u nless   t he   B uyer   h as   a pplied   a nd,   a t   T he   P roduce   C ompany’s   d iscretion,   b een   a ccepted   f or    
credit   by   The  
th
Produce   C ompany   i n   w hich   c ase   p ayment   s hall   b e   m ade   b y   t he   7
  d ay   f ollowing   d elivery   o f   t he   g oods.  
 
5.
The  Produce  Company  reserves  the  right  to  charge  interest  on  overdue  accounts  at  the  rate  of  2%  per  month  calculated  on  a  daily  basis  from    the  due  date  for  
payment,   a nd   t o   c ompound   t he   i nterest   o n   a   m onthly   b asis.     U nless   o therwise   s tated   t he   a mount   p ayable   s hall   b e   t hat   s hown   o n   T he  Produce   C ompany’s   i nvoice  
without  any  deduction  whatsoever.  Where  The  Produce  Company  Ltd  or  its  agent  engages  the  services  of  a  third  party  to  collect  any  unpaid  account  or  debt,  the  
buyer   w ill   b e   l iable   f or   t he     c ost   o f   a nd   a ny   a ssociated   c ost   t o   p rovide   t hat   s ervice   a nd   r ecover   t he   d ebt.  
 
6.
Short   d eliveries   a nd   p roduct   d amage   o r   s poiled   g oods   m ust   b e   n otified   t o   T he   P roduce   C ompany   a s   s oon   a s   d iscovery   i s   m ade   f or   w hich   T he   P roduce   C ompany   h as  
the   r ight   t o   d etermine   i f   i t   s hall   r eplace   t he   i tems   o r   o ffer   a   c redit   o r   o ther   s uch   c ourse   o f   a ction.  
 
7.
The   P roduce   C ompany   h as   t he   r ight   t o   p lace   a   s ecurity   o f   i nterest   o n   t he   P ersonal   P roperty   S ecurities   R egister   u nder   t he   t erms   o f   t he   P ersonal   P roperty   S ecurities  
Act   1 999.  
 
8.
The   B uyer   m ay   n ot   a ssign   a ny   o f   t he   B uyer’s   r ights   a nd   o bligations   t o   a ny   p erson   w ithout   t he   p rior   c onsent   o f   T he   P roduce   C ompany.      
 
9.
In   t he   e vent   t hat   t he   B uyer   f ails   t o   m ake   p ayment   o n   a ny   i nvoice   w hen   d ue   o r   b ecomes   i nsolvent,   c ommits   a n   a ct   o f   b ankruptcy,   i s   a djudicated   b ankrupt   o r   m akes  
any   composition   or   arrangement   with   creditors   or   being   a   company   goes   into   liquidation   whether   compulsory   or   voluntary   other   than   for   the   purpose   of   and  
followed   b y   a malgamation   o r   r econstruction,   o r   h as   a   r eceiver   a ppointed   o f   a ny   p art   o f   i ts   b usiness   o r   a ssets   t hen   T he   P roduce  Company  reserves  the  right  (a)  to  
treat   a ll   s ums   d ue   o r   t o   b ecome   d ue   f rom   t he   B uyer   w hatsoever   a s   i mmediately   d ue   a nd   p ayable;     ( b)   t o   c ancel   o r   s uspend   d elivery   o f   g oods   a nd   m aterials   a nd   t he    
provision   o f   s ervices;     ( c)   b y   i ts   a gents   t o   e nter   o nto   t he   B uyer’s   p remises   ( without   t he   n ecessity   o f   g iving   n otice)   w here   t he   g oods   m ay   b e   s tored   a nd   t o   s earch   f or  
and  remove  and  take  possession  of  the  goods  without  being  in  any  way  liable  to  the  Buyer  or  anyone  claiming  under  it  for  so  doing;    (d)  to  withhold  the  further  
supply  of  goods  and  services  on  credit.  The  Buyer  will  be  liable  for  all  expenses  (including  solicitor  –  own  client  legal  costs)  and  losses  incurred  or  suffered  by  the  
Produce   C ompany   a s   a   r esult   o f   t he   d efault.  
 
10.
In  no  event  will  The  Produce  Company  be  liable  for  special,  indirect  or  consequential  damages  or  for  any  loss  of  business,  profit  or  data,  however  caused,  which  
may  be  suffered  or  incurred  or  which  may  arise  directly  or  indirectly  in  respect  of  the  goods  or  the  failure  or  omission  on  the  part  of  The  Produce  Company  to  
comply   w ith   i ts   o bligations   u nder   t his   a greement.      
 
11.
The  Produce  Company’s  total  liability  for  damages  hereunder  whether  in  contract,  tort  or  under  any  other  legal  theory  shall  be  limited  to  the  replacement  of  the  
affected   g oods   o r   t he   s upply   o f   e quivalent   g oods   ( or   s ervices,   a s   a pplicable).  
 
12.
Where   T he   P roduce   C ompany   i s   s upplying   g oods   a nd   s ervices   t o   t he   B uyer   f or   b usiness   p urposes   w ithin   t he   m eaning   o f   t he   C onsumer   G uarantees   A ct1993   ( “CGA”)  
pursuant  to  section  43  of  the  CGA,  the  provisions  of  the  CGA  will  not  apply  to  these  Terms  and  Conditions.    Where  the  Buyer  supplies  the  goods  on  to  a  person  
acquiring   t hem   f or   b usiness   p urposes   i t   w ill   b e   a   t erm   o f   t he   B uyer’s   c ontract   w ith   t he   a cquirer   o f   t he   g oods   t hat   t he   C GA   w ill   n ot   a pply   i n   r espect   o f   t he   g oods.  
 
13.
It  is  a  requirement  for  The  Produce  Company  to  hold  your  liquor  licence  number  along  the  expiry  date  in  order  for  you  to  purchase  alcoholic  beverages  from  the  
BEVCO   d ivision   o f   T he   P roduce   C ompany.   A ll   s taff   m embers   w ho   o rder   a lcoholic   b everages   m ust   b e   o ver   1 8   y ears   o f   a ge.  
 
 
PRIVACY   A CT  
The   a pplicant   a uthorizes   T he   P roduce   C ompany   t o   c ollect   a ny   s uch   i nformation   a s   i t   m ay   r equire   f or   i ts   c redit   e nquiries   f rom   a ny   t hird   p arty   a s   i t  
considers   a ppropriate.     A ccordingly,   t he   a pplicant   a uthorises   a ny   p erson   o r   c ompany   t o   p rovide   T he   P roduce   C ompany   w ith   s uch   i nformation   a s   i t  
may   r equire   i n   r esponse   t o   i ts   c redit   e nquiries.     T he   i nformation   i s   b eing   c ollected   t o   p rocess   y our   c redit   a pplication   a nd   m onitor   y our   c redit  
status.     T he   P roduce   C ompany   w ill   h old   t he   i nformation   a t   t he   a bove   a ddress.  
 
Signed:______________________________________________________   D ated:_______/_______/_________  
 
 
 
 
Name:__________________________________________________   T itle:______________________________________________
 
 
GUARANTEE:  
Each   r epresentative   o f   t he   B uyer   s igning   t his   c ontract,   i n   c onsideration   f or   T he   P roduce   C ompany   a greeing   t o   s upply  
Products   a nd   g rant   c redit   t o   t he   C ustomer   a t   t heir   r equest,   a cknowledges   t hat   s /he   i s   a lso   s igning   t his   c ontract   i n   h is/her   p ersonal   c apacity   a nd  
(jointly   a nd   s everally   i f   m ore   t han   o ne)   p ersonally   u ndertake(s)   a s   p rincipal   d ebtors   t o   T he   P roduce   C ompany   t he   p ayment   o f   a ny   a nd   a ll   m onies  
now   a nd   h ereafter   o wed   b y   t he   B uyer   t o   T he   P roduce   C ompany    
ACKNOWLEDGEMENT   /   S OLVENCY  
I/we,   t he   u ndersigned,   a cknowledge   t hat   I   a m   /   w e   a re   s igning   t his   a pplication   f orm   i n   m y/our   p ersonal  
capacity,   a s   w ell   a s   o n   b ehalf   o f   t he   B uyer.   I /we   t he   u ndersigned   d eclare   t he   a bove   i nformation   t o   b e   c orrect   a nd   a gree   t o   t he   a bove   t erms   a nd  
conditions.     I /We   d eclare   t hat   a t   t he   t ime   o f   m aking   t his   a pplication   t he   B uyer   ( whether   b eing   a   c ompany/sole   t rader/partnership)   i s   s olvent   i n  
.  
terms   o f   a ll   r elevant   l aw
 
 
 
 
SIGNED   _ _______________________________________________________________________DATED:   _ ___/______/______  
 
 
PRINT   F ULL   N AME:   _ _______________________________________________________________________________________  
 
 
POSITION:   _ ______________________________________________________________________________________________
 
 
 
 

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