Terms and Conditions of Sale

Definitions

  1. The "Seller" means Stone Fasteners Ltd.
  2. The "Buyer" means the person, firm or company to whom the Goods are supplied by the Seller.
  3. The "Goods" means the engineering products, fasteners, equipment or other products to be sold by the Seller under the Contract.
  4. The "Contract" means the contract for the sale by the Seller to the Buyer for Goods the terms of which shall be based on the Conditions except to the extent (if at all) amended in writing by the Seller.
  5. The "Conditions" shall mean the terms and conditions set out in this document.

Applicable Terms

  1. The supply of all Goods by the Seller are, unless otherwise agreed in writing by an authorised representative of the Seller, made on these terms and conditions and no other terms submitted by the Buyer shall apply.
  2. In entering into the Contract the Buyer acknowledges that it does not rely on and waives any claim for breach of any representations and warranties made by or on behalf of the Seller other than those expressly contained in the Conditions.
  3. All intellectual property rights of whatever nature in Goods and all related drawings, specifications and documents at all times remain vested in the Seller. No authority is given under the Contract for the Buyer to use the same without the Seller's prior express written consent.
  4. In the event of any conflict between the Conditions and any written terms contained in any quotation or other documents signed by the Seller which may form part of the Contract then the latter shall prevail.
  5. The Buyer shall not be entitled to cancel the whole or any part of the Contract.

Quotations

  1. All quotations issued by the Seller are an invitation to the Buyer to place an order with the Seller for the Goods referred to in the quotation. No Contract arises until an order from the Buyer has been accepted in writing by the Seller. Without limiting the foregoing the Seller shall not be liable for withdrawing or altering the terms of its quotation at any time prior to the date of Contract.
  2. The Seller reserves the right to correct stenographic, typographical and clerical errors in the quotation.
  3. Any quotation is valid for a period of 28 days unless a different period is stated in the quotation.

Price

  1. All prices are ex-works and unless agreed otherwise in writing in the Contract by the Seller such prices shall be those prevailing at the date of delivery.
  2. All prices exclude value added tax and any other duties payable thereon and the Seller reserves the right to charge for packaging the Goods.
  3. Any sums paid by the Buyer in advance of delivery of the Goods shall be deemed to be paid as a deposit and without limitation of the Seller's rights shall be forfeited in the event of cancellation of the Contract by the Buyer.

Stone Fasteners Ltd, Woolwich Road, London SE7 8SL
Registered in England No 1627558,

Registered Office:
Binghams Melcombe
Dorchester, Dorset DT2 7PZ, VAT No GB358 4666 13

Payment

  1. The Buyer shall pay the Seller for the Goods not later than the 28th day following the end of the month in which delivery of the Goods takes place unless otherwise agreed in writing.
  2. The Seller reserves the right at any time to increase or reduce the level of credit given by it to the Buyer. The Seller may at its option refuse the supply of any Goods on order or require immediate payment of outstanding sums due if at any time the credit level of the Buyer is exceeded.
  3. Without prejudice to any other rights of the Seller, the Buyer shall pay to the Seller interest on any overdue amounts at the rate of 4% per annum above the base rate from time to time of Lloyds TSB Bank.

Ordering

  1. If agreed in writing by the Seller the Buyer may request deliveries of the Goods on a scheduled basis over an agreed period of time. The Buyer shall however remain liable to buy the minimum quantity of Goods (if any) specified in the Contract. Any delivery date agreed to by the Seller is an estimate only and in no event shall the Seller be liable for inability to meet scheduled delivery dates.

Specifications

  1. Other than with respect to Goods made specifically to the Buyer's own specifications, all Goods shall meet the specifications from time to time published by the Seller who reserves the right to make improvements to the same from time to time without notice in writing to the Buyer.
  2. Where the Goods are made to the Buyer's own specifications, (which expression shall be deemed to include without limitation any samples and drawings) the Buyer shall ensure that such specifications are delivered to the Seller by such date as the Seller may specify and in the event of any defect in the Buyer's specifications the Buyer shall keep the Seller indemnified against losses, costs, claims and expenses incurred by the Seller as a result.
  3. The Buyer represents and warrants that any specifications supplied by it will not infringe any third party rights. The Buyer shall indemnify the Seller against all actions, claims, costs and proceedings which arise due to the manufacture and/or supply of Goods to the Buyer's specification and in such event the Seller reserves the right to terminate its obligations to supply without prejudice to its rights under the Contract.

Quantity Tolerance

  1. The Seller shall have the right to supply plus or minus 10% of any quantity of Goods ordered where the Goods are in the nature of consumable as opposed to capital Goods and as determined by the Seller. A pro-rata charge at the quoted price will be made to cover any such variations.

Delivery Risk Installation And Acceptable Terms

  1. The risk in and to the Goods shall pass to the Buyer on delivery as defined in sub-Clause 9.2 hereof.
  2. Delivery shall be deemed to be at the Seller's factory except in those cases where the Seller has agreed in writing that the Goods are subject to acceptance testing (which expression shall include without limitation installation and commissioning of the Goods) at the Buyer's premises then delivery shall be deemed to take place when the Goods have been physically delivered to the Buyer's premises as specified in the Contract.
  3. The Buyer may request the Seller to arrange on behalf of the Buyer for onward delivery of the Goods to a destination specified by the Buyer and the Buyer shall indemnify the Seller against all costs incurred including without limitation the transportation costs, insurance and packaging. In no event shall the Seller be liable for any delays in arranging such transportation and insurance nor for the risks and level of cover arranged by the Seller.

Stone Fasteners Ltd, Woolwich Road, London SE7 8SL
Registered in England No 1627558,

Registered Office:
Binghams Melcombe
Dorchester, Dorset DT2 7PZ, VAT No GB358 4666 13

Title

  1. The legal and beneficial property in the Goods shall not pass to the Buyer until the Seller has received payment in full for the Goods. Until payment in full has been received the Buyer shall be in possession of the Goods in a fiduciary capacity as a bailee for the Seller; shall keep the goods in good condition and insured against all risks to their full replacement value; and shall store the Goods in such a manner to enable them to be clearly identified as the property of the Seller.
  2. 2 Until the Goods have been paid for in full the Buyer shall be entitled to use the Goods or sell them to a third party (but this licence shall terminate immediately prior to the appointment of a receiver or equivalent over any of the Buyer's assets or upon its liquidation) but on the strict condition that the Buyer shall hold as nominee for the Seller and place in a separate bank account and hold in trust for the Seller absolutely such amount of the proceeds of sale of Goods as equates to the amount owed to the Seller for the relevant Goods.
  3. Until title has passed in and to the Goods the Buyer grants the Seller an irrevocable licence to enter upon any premises of the Buyer where the Goods are situated for the purposes of repossessing them at any time and without further notice.
  4. At the option of the Seller by giving notice in writing to the Buyer the provisions of sub-Clause may be severed from the remaining conditions of the Contract to such retrospective date as the Seller shall specify.

Stone Fasteners Ltd, Woolwich Road, London SE7 8SL
Registered in England No 1627558,

Registered Office:
Binghams Melcombe
Dorchester, Dorset DT2 7PZ, VAT No GB358 4666 13

Loss Or Damage In Transit

  1. No responsibility can be accepted by the Seller for damaged Goods or short delivery where the carriers have been given a clean receipt.
  2. Any damage or short delivery must be notified to the Seller in writing within three days of the date of delivery. Such notifications shall specify the items missing or damaged and the nature of any damage.
  3. Any claim for non delivery of the Goods must be made in writing within fourteen days from the date of the advice note or other notification of despatch.

Defective Goods

  1. Unless otherwise expressly agreed in writing all conditions, guarantees, warranties, representations whether express or implied by statute, common law or otherwise are hereby excluded.
  2. The Seller's liability for any and all loss or damage from defects in the Goods or any other cause including without limitation any breach of the terms of the Contract and negligence shall be limited to the purchase price of the Goods in respect of which the claim arises although the Seller may at its option agree to replace the Goods and in no event shall the Seller be liable for any delays in meeting specified delivery dates.
  3. In no event will the Seller be liable for any indirect or consequential losses suffered by the Buyer including without limitation any loss of profit or additional costs suffered by the Buyer in purchasing goods similar to the Goods or for any damages caused to the Buyer by defective design.
  4. The Seller shall be under no liability in respect of any defect arising from fair wear and tear, wilful damage, negligence, abnormal use, failure to follow the Seller's instructions, misuse or alteration or repair of the Goods without the Seller's prior written approval.
  5. In no event will the Seller be liable for any defects in the Goods not notified to it within six month of the date of delivery of the Goods.
  6. The Seller shall not be liable in any event under the Contract for any delay or failure in performing its obligations under the Contract if such failure or delay is caused or contributed to by any happening or event beyond its reasonable control including without limitation trade disputes, machinery breakdown, accident or failure of supplies.
  7. Notwithstanding anything to the contrary contained in the Conditions and without prejudice to the rights of the Seller if the Goods satisfy acceptance tests then the Goods shall be deemed to meet fully the agreed specifications.

Hire Of Goods

  1. These Terms and Conditions shall apply equally where Goods are hired out by the Seller and references to the Seller and Buyer herein shall where the context admits be construed accordingly.

Applicable Law

  1. The Contract shall be governed by the Laws of England and the Buyer and the Seller submit to the exclusive jurisdiction of the English Courts for such purposes.