Home >> Faq >> Payment
1. The company will retain title to the goods supplied until payment
for the goods is received in full.
2. Payment is COD, cash, cheque, credit card, bank electronic transfer
and banker's draft. The total sales invoice shall be due and payable
on the date of the invoice unless credit terms have been specifically
agreed in advance. Where credit terms are agreed the total sales
invoice is payable from the date of the invoice.
3. All payments made with credit card will be subject
to a surcharge of 2% on the total sales order.
4. All payments made with cheque will be subject to a surcharge
of 1.5% cheque insurance surcharge on the total sales order if the
Company is not able to obtain credit insurance in respect of a Customer.
5. Payment of the total sales invoice and VAT shall be
due and payable on the date of the invoice unless credit terms have
been specifically agreed in advance. Time of payment shall be of
the essence.
6. The company reserves the right to charge interest on overdue
balances on a monthly basis from the date when payment becomes due
at a rate of 10% per annum. Interest will continue to accrue until
the Customer's liability is discharged in full.
7. It
is the customer's responsibility to ensure all payments are made
on time, as non-payment, late payments or underpayment can result
in cancellation of the contract and/or the trading facility being
suspended.
8. All
payments shall be payable by the Customer when due without deduction,
deferment, set-off or discount for whatever reason whether for defective
goods or otherwise. No claim or alleged claim or counterclaim by
any Customer shall be entertained by the Company nor shall any liability
attach to it unless all payments due to the Company have been fully
made.
