Vicon VN-901T Specifications download pdf (Page 68)

Terms of Trading

All Orders accepted are subject to the published Terms of Trading of Vicon Industries Ltd

GENERAL

These Terms of Trading ("the Terms"), unless agreed to in writing by the Company, supersede any earlier sets of

terms appearing in the Company’s catalogues or elsewhere and shall override any terms and conditions given

verbally or referred to by the Purchaser whether in the order, in any negotiations or elsewhere. "Company"

means Vicon Industries Ltd. "Purchaser" means the person, firm or corporation placing the order and/or named

as such in the invoice. "Goods" means the products, articles, or things supplied by the Company and which are

described in the invoice. "Order" means the order placed by the Purchaser for the Goods. "Special Order" means

the order placed by the Purchaser for the Goods where the quotation or written acknowledgement of the Order

from the Company identifies the Order as a Special Order.

PAYMENT

All Orders are subject to acceptance by the Company. Terms of payment are net and payable thirty (30) days

from the date of each invoice. Amounts outstanding and unpaid beyond the time specified in these Terms may,

at the discretion of the Company, accrue interest at the rate of 1% per month and such interest shall accrue on a

day-to-day basis until payment is made and shall be included in the payment made. Where the contract is to be

or may be fulfilled in separate instalments, payment for each such instalment or delivery of part shall be made as

if the same constituted a separate contract.

PRICES

Prices are subject to change without notice and, unless otherwise agreed upon in writing, all Orders are executed

subject to prices ruling at the date of Vicon acceptance of Order 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. If

any Order is varied or suspended as a result of the Purchaser’s instructions or lack of instructions, prices may be

increased to cover any extra expenses thereby incurred by the Company.

CREDIT

All Orders are subject to credit approval by the Company prior to delivery. Credit will not be approved without

completion of the Company’s credit application.

RESERVATION OF TITLE

Without prejudice to and notwithstanding anything herein contained, the ownership and title in all Goods (whether

incorporated in or used as components for other goods) supplied by the Company to the Purchaser shall remain

with the Company until payment in full (including any interest thereon) has been received, and all the Company’s

rights hereunder in the Goods shall extend to such other goods. The risk in the Goods shall pass to and be borne

by the Purchaser on dispatch. Until ownership of and property in the Goods shall pass to the Purchaser, the

Purchaser, in his capacity as a fiduciary owner, will ensure that the Company is notified of the location of the

Goods which shall at all times be readily identifiable as the Goods supplied by and the property of the Company

and will permit the Company access to such location for inspection and collection of the Goods.

NEW ACCOUNTS

If credit clearance has not been obtained in accordance with these terms, then new accounts shall be required to

submit a cheque or banker’s draft with the Order.

CLEARANCE FOR SHIPMENT

Orders the subject of credit clearance will not be shipped until the cheque has been cleared or credit clearance

obtained. Any delivery dates given by the Company indicate estimated delivery times and shall not amount to

any contractual obligation to delivery at the time stated. No liability for direct or consequential loss or damage

arising from delay in delivering will be accepted by the Company. The Company may make partial shipments

unless otherwise specified by the Purchaser.

DELINQUENT ACCOUNTS

Without prejudice to all or any other rights and remedies of the Company if any accounts are delinquent over

thirty (30) days from the date payment is due in accordance with these Terms, the Purchaser will automatically

be placed on credit stop and the Company reserves the right to withhold further deliveries to the Purchaser on

this Order or other Orders placed by the Purchaser.

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Vicon VN-901T Specifications Page 68

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