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Terms of Trade

Compass Trailers Terms of Trade

1. Definitions
1.1 "Seller" shall mean Compass Trailers and its successors and assigns.
1.2 "Buyer" shall mean the Buyer or any person acting on behalf of and with the authority of the Buyer.
1.3 "Guarantor" means that person (or persons), or entity that agrees herein to be liable for the debts of the Buyer on a principal debtor basis.
1.4 "Goods" shall have the same meaning as in section 2 of the Sale of Goods Act 1908 and are goods supplied by the Seller to the Buyer (and where the context so permits shall include any supply of Services as hereinafter defined).
1.5 "Services" shall mean all services supplied by the Seller to the Buyer and includes any advice or recommendations (and where the context so permits shall include any supply of Goods as defined above).
1.6 "Price" shall mean the cost of the Goods as agreed between the Seller and the Buyer subject to clause 4 of this contract.

2. Acceptance
2.1 Any instructions received by the Seller from the Buyer for the supply of Goods and/or the Buyer’s acceptance of Goods supplied by the Seller shall constitute acceptance of the terms and conditions contained herein.
2.2 Where more than one Buyer has entered into this agreement, the Buyers shall be jointly and severally liable for all payments of the Price.
2.3 Upon acceptance of these terms and conditions by the Buyer the terms and conditions are irrevocable and can only be rescinded in accordance with these terms and conditions or with the written consent of the manager of the Seller.
2.4 None of the Seller’s agents or representatives are authorized to make any representations, statements, conditions or agreements not expressed by the manager of the Seller in writing nor is the Seller bound by any such unauthorized statements.

3. Goods / Services
3.1 The Goods and/or Services are as described on the invoices, quotation, work authorization or any other work commencement forms as provided by the Seller to the Buyer.

4. Price And Payment
4.1 At the Seller’s sole discretion the Price shall be either;
    (a) as indicated on invoices provided by the Seller to the Buyer in respect of Goods supplied; or
    (b) the Seller’s current Price, at the date of delivery of the Goods, according to the Seller’s current Price list; or
    (c) Seller’s quoted Price (subject to clause 4.2) which shall be binding upon the Seller provided that the Buyer shall accept in     writing the Seller’s quotation within thirty (30) days.
4.2 Any variation from the plan of scheduled works or specifications will be charged for on the basis of the Seller’s quotation and will be shown as variations on the invoice. Payment for all variations must be made in full at their time of completion.
4.3 Time for payment for the Goods shall be of the essence and will be stated on the invoice, quotation or any other order forms. If no time is stated then payment shall be on delivery of the Goods.
4.4 At the Seller’s sole discretion, payment for approved Buyer’s shall be due twenty (20) days following the end of the month in which a statement is posted to the Buyer’s address or address for notices.
4.5 Payment will be made by cash on delivery, or by cheque, or by bank cheque, or by credit card, or by direct credit, or by any other method as agreed to between the Buyer and the Seller.
4.6 The Price shall be increased by the amount of any GST and other taxes and duties which may be applicable, except to the extent that such taxes are expressly included in any quotation given by the Seller.

5. Delivery Of Goods
5.1 Delivery of the Goods shall be made to the Buyer’s address. The Buyer shall make all arrangements necessary to take delivery of the Goods whenever they are tendered for delivery, or delivery of the Goods shall be made to the Buyer at the Seller’s address.
5.2 The Buyer shall take delivery of the Goods tendered notwithstanding that the quantity so delivered shall be either greater or less than the quantity purchased provided that;
    (a) such discrepancy in quantity shall not exceed 5%, and
    (b) the Price shall be adjusted pro rata to the discrepancy.
5.3 The failure of the Seller to deliver shall not entitle either party to treat this contract as repudiated.
5.4 The Seller shall not be liable for any loss or damage whatever due to failure by the Seller to deliver the Goods (or any of them) promptly or at all.

6. Risk
6.1 If the Seller retains title to the Goods nonetheless all risk for the Goods passes to the Buyer on delivery.
6.2 If any of the Goods are damaged or destroyed prior to title to them passing to the Buyer, the Seller is entitled, without prejudice to any of its other rights or remedies under these terms and conditions (including the right to receive)
payment of the balance of the Price for the Goods), to receive all insurance proceeds payable in respect of the Goods. This applies whether or not the Price has become payable under these terms and conditions. The production of these terms and conditions by the Seller is sufficient evidence of the Seller’s rights to receive the insurance proceeds without the need for any person dealing with the Seller to make further enquiries.

7. Defects/Returns
7.1 The Buyer shall inspect the Goods on delivery and shall within fourteen (14) days of delivery notify the Seller of any alleged defect, shortage in quantity, damage or failure to comply with the description or quote. The Buyer shall afford the Seller an opportunity to inspect the Goods within a reasonable time following delivery if the Buyer believes the Goods are defective in any way. If the Buyer shall fail to comply with these provisions the Goods shall be conclusively presumed to be in accordance with the terms and conditions and free from any defect or damage.
7.2 For defective Goods, which the Seller has agreed in writing that the Buyer is entitled to reject, the Seller’s liability is limited to either (at the Seller’s discretion) replacing the Goods or repairing the Goods provided that:
    (a) the Buyer has complied with the provisions of clause 7.1;
    (b) the Goods are returned at the Buyer’s cost within fourteen (14) days of the delivery date;
    (c) the Seller will not be liable for Goods which have not been stored or used in a proper manner;
    (d) The Goods are returned in the condition in which they were delivered and with all packaging material, brochures and instruction material in as new condition as is reasonably possible in the circumstances.
7.3 If the Buyer finds that Goods are surplus to requirement, the Seller may, at their sole discretion, accept the Goods back for credit on the following terms.
    (a) The Goods are in the original packaging and in “as new” condition.
    (b) The Buyer agrees to have a “restocking charge” deducted from any credit due.

8. Warranty
8.1 Subject to the conditions of warranty set out in Clause 8.2 the Seller warrants that if any defect in any workmanship of the Seller becomes apparent and is reported to the Seller within 5 years of the date of delivery (time being of the essence) then the Seller will either (at the Seller’s sole discretion) repair the defect or remedy the workmanship.
8.2 The conditions applicable to the warranty given by Clause 8.1 are:
    (a) The warranty shall not cover any defect or damage which may be caused or partly caused by or arise through:
    i) Failure on the part of the Buyer to properly maintain any Goods; or
    ii) Failure on the part of the Buyer to follow any instructions or guidelines provided by the Seller; or
    iii) Any use of any Goods otherwise than for any application specified on a quote or order form; or
    iv) The continued use of any Goods after any defect becomes apparent or would have become apparent to a reasonably prudent operator or user; or
    v)  Tires, wheel bearings and light bulbs are subject to normal wear and tear and as such, are not covered by any warranty.
    vi) Fair wear and tear, any accident or act of God.
    (b) The warranty shall cease and the Seller shall thereafter in no circumstances be liable under the terms of the warranty if the workmanship is repaired, altered or overhauled without the Seller’s consent.
    (c) In respect of all claims the Seller shall not be liable to compensate the Buyer for any delay in either replacing or repairing the workmanship/Goods or in properly assessing the Buyer’s claim.
8.3 For Goods not manufactured by the Seller, e.g. trailer components, the warranty shall be the current warranty provided by the manufacturer of those Goods. The Seller shall not be bound by or responsible for any term, condition, representation or warranty given by the manufacturer of those Goods.
8.4 In the case of second hand Goods, the Buyer acknowledges that he has had full opportunity to inspect the same and that he accepts the same with all faults and that no warranty is given by the Seller as to the quality or suitability for any purpose and any implied warranty, statutory or otherwise, is expressly excluded. The Seller shall not be responsible for any loss or damage to the Goods, or caused by the Goods, or any part thereof however arising.

9. Default & Consequences Of Default
9.1 Interest on overdue invoices shall accrue from the date when payment becomes due daily until the date of payment at a rate of 2.5% compounding per calendar month and shall accrue at such a rate after as well as before any judgment.
9.2 If the Buyer defaults in payment of any invoice when due, the Buyer shall indemnify the Seller from and against all of the Seller’s costs and disbursements including on a solicitor and own client basis and in addition all of the Seller’s nominees costs of collection.
9.3 Without prejudice to any other remedies the Seller may have, if at any time the Buyer is in breach of any obligation (including those relating to payment), the Seller may suspend or terminate the supply of Goods to the Buyer and any of its other obligations under the terms and conditions. The Seller will not be liable to the Buyer for any loss or damage the Buyer suffers because the Seller exercised its rights under this clause.
9.4 If any account remains unpaid at the end of the second month after supply of the Goods or Services the following shall apply: An immediate amount of the greater of $20.00 or 10.00% of the amount overdue shall be levied for administration fees which sum shall become immediately due and payable in addition to the interest payable under clause 9.1 hereof.
9.5 In the event that:
    (a) any money payable to the Seller becomes overdue, or in the Seller’s opinion the Buyer will be unable to meet its payments     as they fall due, or;
    (b) the Buyer becomes insolvent, convenes a meeting with its creditors or proposes or enters into an arrangement with     creditors, or makes an assignment for the benefit of its creditors, or;
    (c) a receiver, manager, liquidator (provisional or otherwise) or similar person is appointed in respect of the Buyer or any     asset of the Buyer, then without prejudice to the Seller’s other remedies at law:
    (i) the Seller shall be entitled to cancel all or any part of any order of the Buyer which remains unperformed in addition to and     without prejudice to any other remedies; and
    (ii) all amounts owing to the Seller shall, whether or not due for payment, immediately become due and payable.

10. Title
10.1 It is the intention of the Seller and agreed by the Buyer that property in the Goods shall not pass until:
    (a) The Buyer has paid all amounts owing for the particular Goods, and
    (b) The Buyer has met all other obligations due by the Buyer to the Seller in respect of all contracts between the Seller and the     Buyer, and that the Goods, or proceeds of the sale of the Goods, shall be kept separate until the Seller shall have received     payment and all other obligations of the Buyer are met.
10.2 Receipt by the Seller of any form of payment other than cash shall not be deemed to be payment until that form of payment has been honored, cleared or recognized and until then the Seller’s ownership of rights in respect of the Goods shall continue.
10.3 It is further agreed that:
    (a) Until such time as ownership of the Goods shall pass from the Seller to the Buyer the Seller may give notice in writing to the     Buyer to return the Goods or any of them to the Seller. Upon such notice the rights of the Buyer to obtain ownership or any     other interest in the Goods shall cease.
    (b) If the Buyer fails to return the Goods to the Seller then the Seller or the Seller’s agent may enter upon and into land and     premises owned, occupied or used by the Buyer, or any premises as the invitee of the Buyer, where the Goods are situated and     take possession of the Goods, without being responsible for any damage thereby caused.

11. Personal Property Securities Act 1999
11.1 Upon assenting to these terms and conditions in writing the Buyer acknowledges and agrees that:
    (a) these terms and conditions constitute a security agreement for the purposes of the PPSA; and
    (b) a security interest is taken in all Goods previously supplied by the Seller to the Buyer (if any) and all Goods that will be     supplied in the future by the Seller to the Buyer during the continuance of the parties relationship.
11.2 The Buyer undertakes to:
    (a) sign any further documents and/or provide any further information, such information to be complete, accurate and     up-to-date in all respects, which the Seller may reasonably require to register a financing statement or financing change     statement on the Personal Property Securities Register;
    (b) indemnify, and upon demand reimburse, the Seller for all expenses incurred in registering a financing statement or financing     change statement on the Personal Property Securities Register or releasing any Goods charged thereby;
    (c) not register a financing change statement or a change demand without the prior written consent of the Seller;
    (d) give the Seller not less than fourteen (14) days prior written notice of any proposed change in the Buyer’s name and/or     any other change in the Buyer’s details (including but not limited to, changes in the Buyer’s address, facsimile number, or     business practice); and
    (e) immediately advise the Seller of any material change in its business practices of selling the Goods which would result in a     change in the nature of proceeds derived from such sales.
11.3 The Seller and the Buyer agree that nothing in sections 114(1)(a), 133 and 134 of the PPSA shall apply to these Terms and Conditions.
11.4 The Buyer waives its rights as a debtor under sections 116, 120(2), 121, 125, 126, 127, 129, 131 and 132 of the PPSA.
11.5 Unless otherwise agreed to in writing by the Seller, the Buyer waives its right to receive a verification statement in accordance with section 148 of the PPSA.
11.6 The Buyer unconditionally ratifies any actions taken by the Seller under clauses 11.1 to 11.5. under and by virtue of the power of attorney given by the Buyer to the Seller.

12. Security & Charge
12.1 Despite anything to the contrary contained herein or any other rights which the Seller may have howsoever:
   (a) Where the Buyer and/or the Guarantor (if any) is the owner of land, realty or any other asset capable of being charged,     both the Buyer and/or the Guarantor agree to mortgage and/or charge all of their joint and/or several interest in the said land,     realty or any other asset to the Seller or the Seller’s nominee to secure all amounts and other monetary obligations payable     under the terms and conditions. The Buyer and/or the Guarantor acknowledge and agree that the Seller (or the Seller’s     nominee) shall be entitled to lodge where appropriate a caveat, which caveat shall be released once all payments and other     monetary obligations payable hereunder have been met.
    (b) Should the Seller elect to proceed in any manner in accordance with this clause and/or its sub-clauses, the Buyer and/or     Guarantor shall indemnify the Seller from and against all the Seller’s costs and disbursements including legal costs on a solicitor     and own client basis.
    (c) To give effect to the provisions of clause [11, 12.1(a) to (b)] inclusive hereof the Buyer and/or the Guarantor (if any) do     hereby irrevocably nominate constitute and appoint the Seller or the Seller’s nominee as the Buyer’s and/or Guarantor’s true     and lawful attorney to execute mortgages and charges (whether registerable or not) including such other terms and conditions     as the Seller and/or the Seller’s nominee shall think fit in his/her/its/their absolute discretion against the joint and/or several     interest of the Buyer and/or the Guarantor in any land, realty or asset in favour of the Seller and in the Buyer’s and/or     Guarantor’s name as may be necessary to secure the said Buyer’s and/or Guarantor’s obligations and indebtedness to the Seller     and further to do and perform all necessary and other acts including instituting any necessary legal proceedings, and further to     execute all or any documents in the Seller’s absolute discretion which may be necessary or advantageous to give effect to the     provisions of this clause.

13. Intellectual property
13.1 Where the Seller has designed or drawn Goods for the Buyer, then the copyright in those designs and drawings shall remain vested in the Seller, and shall only be used by the Buyer at the Seller’s discretion.
13.2 The Buyer warrants that all designs or instructions to the Seller will not cause the Seller to infringe any patent, registered design or trademark in the execution of the Buyer’s order.

14. Cancellation
14.1 The Seller may cancel these terms and conditions or cancel delivery of Goods and Services at any time before the Goods are delivered by giving written notice. On giving such notice the Seller shall promptly repay to the Buyer any sums paid in respect of the Price for those Goods. The Seller shall not be liable for any loss or damage whatsoever arising from such cancellation.

15. Privacy Act 1993
15.1 The Buyer and the Guarantor/s (if separate to the Buyer) authorises the Seller to:
    (a) collect, retain and use any information about the Buyer, for the purpose of assessing the Buyer’s creditworthiness or     marketing products and services; and
    (b) to disclose information about the Buyer, whether collected by the Seller from the Buyer directly or obtained by the Seller     from any other source, to any other credit provider or any credit reporting agency for the purposes of providing or obtaining     a credit reference, debt collection or notifying a default by the Buyer.
15.2 Where the Buyer is a natural person the authorities under (clause 15.1) are authorities or consents for the purposes of the Privacy Act 1993. 15.3 The Buyer shall have the right to request the Seller for a copy of the information about the Buyer retained by the Seller and the right to request the Seller to correct any incorrect information about the Buyer held by the Seller.

16. Buyer’s Disclaimer
16.1 The Buyer hereby disclaims any right to rescind, or cancel the contract or to sue for damages or to claim restitution arising out of any misrepresentation made to him by any servant or agent of the Seller and the Buyer acknowledges that he buys the Goods relying solely upon his own skill and judgement.

17. Contractual Remedies Act
17.1 The provisions of the Contractual Remedies Act 1979 shall apply to this contract as if section 15(d) of the Contractual Remedies Act which states that nothing in the Contractual Remedies Act shall affect the Sale of Goods Act 1908, were omitted from the Contractual Remedies Act 1979.

18. Unpaid Seller’s Rights To Dispose Of Goods
18.1 In the event that:
    (a) the Seller retains possession or control of the Goods; and
    (b) payment of the Price is due to the Seller; and
    (c) the Seller has made demand in writing of the Buyer for payment of the Price in terms of this contract; and
    (d) the Seller has not received the Price of the Goods, then, whether the title in the Goods has passed to the Buyer or has     remained with the Seller, the Seller may dispose of the Goods and may claim from the Buyer the loss to the Seller on such     disposal.

19. Consumer Guarantees Act 1993
19.1 This agreement is subject to the provisions of the Consumer Guarantees Act 1993 in all cases except where the Buyer is contracting within the terms of a trade/business (which cases are specifically excluded).

20. General
20.1 If any provision of these terms and conditions shall be invalid, void or illegal or unenforceable the validity existence, legality and enforceability of the remaining provisions shall not be affected, prejudiced or impaired.
20.2 All Goods and Services supplied by the Seller are supplied subject to the laws of New Zealand and the Seller takes no responsibility for changes in the law that affect the Goods or Services supplied.
20.3 The Seller shall be under no liability whatsoever to the Buyer for any indirect loss and/or expense (including loss of profit) suffered by the Buyer arising out of a breach by the Seller of these terms and conditions.
20.4 In the event of any breach of this contract by the Seller the remedies of the Buyer shall be limited to damages. Under no circumstances shall the liability of the Seller exceed the Price of the Goods.
20.5 Neither party shall be liable for any default due to any act of God, terrorism, war, strike, lock out, industrial action, flood, storm or other event beyond the reasonable control of either party.
20.6 The Buyer shall not set off against the Price amounts due from the Seller.
20.7 The Seller may license or sub-contract all or any part of its rights and obligations without the Buyer’s consent.
20.8 The Seller reserves the right to review these terms and conditions at any time and from time to time. If, following any such review, there is to be any change in such terms and conditions, that change will take effect from the date on which the Seller notifies the Buyer of such change.

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