Please read and review these terms before applying for a trade account!
Risk and Title: The risk in the goods shall pass from the seller to the buyer upon delivery of such goods to the buyer. However, notwithstanding delivery and the passing of risk in the goods, title and property in the goods, including full legal and beneficial ownership, shall not pass to the buyer until the seller has received in cash or cleared funds payment in full for all goods delivered to the buyer under this and all other contracts between the seller and the buyer for which payment of the full price of the goods thereunder has not been paid. Payment of the full price of the goods shall include the amount of any interest or other sum payable under the terms of this and
all other contracts between the seller and the buyer under which the goods were delivered.
Price: We reserve the right to alter prices and withdraw items from our range at any time without notification. Prices charged will be those ruling at the date of despatch. All trade prices are quoted with and without VAT for clarity.
Credit Facility and Limits: We currently offer a 10 day credit facility on a discretionary basis to which a credit limit is applied. This service is provided to allow a quick uninterrupted delivery of supplies. Customers are required to keep within set credit limits to prevent orders being placed on hold. The limit is not permanent and can be raised or lowered if considered appropriate. All accounts are payable 10 days from the date of invoice, otherwise no further goods can be supplied. We reserve the right to charge interest on all overdue accounts at an annual rate equal to the bank base rate prevailing at the time. Should an account become so overdue that it requires a court summons for payment or a customer is persistently late with payment, then the customer’s credit facility is removed and any further orders shall be on a proforma basis only.
Export Items: All goods sent outside of the UK are required to be paid for in full before despatch. Payments direct into the KCR bank account require the payee to incur all bank charges.
Claims and Returns: No claims for non-delivery of goods can be allowed unless notification is received within 10 days of order date. Similarly, no claims for shortage, damaged goods, charges etc. upon delivery can be accepted unless presented to us within 10 days of the invoice date. Returned goods are subject to a handling charge of a minimum 15% if received after 30 days of order date, without satisfactory reason for return. Items returned in a condition not suitable for re-sale or in a sub-standard condition are subject to higher handling charge deemed suitable by KCR Distribution Ltd. All returns should quote the invoice number or have a copy of the original invoice included before any action can be taken.
Limitation of Liability: All goods are supplied by us on the condition that our liability for any fault or defect in the quality, condition, description or fitness for any purpose, or any claim in the condition therewith, is limited in the amount to a sum not exceeding the purchase price of the particular article. The condition supersedes terms submitted to us and all liability whether statutory or otherwise is excluded.
Orders and Cancellations: Orders totaling £250.00 or more (excluding VAT) will be despatched free from carriage charges on a 24hr service. Invoices under £250.00 shall be subject to the carriage charges prevailing at the time of despatch (Displayed in checkout). Items not in stock will be placed on back order and despatched as and when they become available. If you do not want items to be placed on back order we must be notified.
Termination of Account: KCR Distribution Ltd. may terminate the customer’s credit facility at any time without notice and without assigning any reason therefore.