Between The Company, Cosmo Ultraviolet Ltd and The Customer
Payment terms
Unless otherwise agreed (e.g. special contracts etc) our account terms are strictly net. Payment is to be made 20th of the month following purchase. Prices and discounts are subject to change without notice. If payment is not made, the customer will be liable for interest and legal costs pursuing the unpaid debt.
Reservation of Title
Romalpa Clause
The legal and beneficial ownership of all goods and services supplied by Cosmo Ultraviolet Ltd (the Company), shall remain with the Company and shall not pass to the customer until payment in full for goods and services has been made to the Company by the customer. Until ownership is passed the customer shall hold the goods on behalf of the Company upon the following conditions:
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The Company shall be permitted to enter onto the customers premises to inspect and/or repossess the goods;
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If the customer sells the goods to a third party then the customer is accountable to the Company for all proceeds derived from such sale and shall hold the proceeds on trust for the Company;
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If the customer manufacturers or deals with the goods in such a manner that they become an integral part of any other object, then the customer shall be deemed to do so as an agent for the Company and ownership of the goods shall remain with the Company as principal.
Personal Property Security Register (PPSR)
Cosmo Ultraviolet Ltd reserves the right to register a Financing Statement with the PPSR over goods or services supplied.
