Terms and Conditions of Supply
Crown Equipment (Singapore) Pte. Ltd
1. APPLICATION OF TERMS AND CONDITIONS
2. TERMINATION PRIOR TO DELIVERY OF GOODS
(b) ten percent (10%) of the purchase price of the Goods.
(b) the date that Crown notifies you that it is able to make delivery of the Goods.
4.2 If the Purchaser does not take delivery of the Goods within thirty (30) days from the delivery date, then the Purchaser must pay the reasonable storage costs incurred by Crown until the Purchaser takes delivery of the Goods and Crown will invoice the Purchaser accordingly.
4.3 The Purchaser is not entitled to claim for any loss or damages (including consequential loss or damages) or to cancel, rescind or terminate the contract as a result of any delay in the delivery of the Goods, for any reason whatsoever.
5.1 Risk in the Goods will pass to the Purchaser on the earlier of the following:
(a) delivery of the Goods to the Purchaser or anyone acting on the Purchaser’s behalf; and
(b) the passing of property in and title to the Goods to the Purchaser in accordance with clause 6.
6.1 Property in and title to the Goods remains with Crown until the Purchaser has paid Crown the purchase price for the Goods and any other money that the Purchaser may owe to Crown at any time on any account.
6.2 Where the Purchaser disposes of the Goods before payment to Crown, the sale proceeds of such disposal are the property of Crown and the Purchaser holds the proceeds on trust for Crown.
6.3 In addition to clause 6.2 in the event of sale of the Goods to a customer the Purchaser in his position as a fiduciary must assign to the Crown the benefit of any claim against the customer.
6.4 Crown may enter the Purchaser’s premises or elsewhere within business hours and seize any Goods which have not been paid for by the due date for payment without Crown having to give notice to the Purchaser
6.5 While the Goods remain property of Crown, the Purchaser agrees:
(a) to store the Goods separately at the Purchaser’s premises so they can be easily identified;
(b) to not cause the Goods to lose their identifiable character or be intermingled with other Goods in any way by any process of its own or by a third party, except with Crown’s prior written consent;
(c) that it has no right or claim to any interest in the Goods to secure any liquidated or unliquidated debt or obligation that Crown owes to the Purchaser;
(d) that it cannot claim any lien over the Goods;
(e) to not create any absolute or defeasible interest in the Goods in relation to any third party except with Crown’s prior written consent;
(f) to provide Crown access to the premises where the Goods are stored to enable Crown to inspect and/or seize the Goods; and
(i) not allow any person (other than Crown) to have or acquire any Security Interest in the Goods;
(ii) insure the Goods for their full insurable value or replacement value (whichever is higher) with an insurer licensed or authorised to conduct the business of insurance in the place where the Purchaser carries on business; and
(iii) not remove, deface or obliterate any identifying mark or number on any of the Goods.
7. DAMAGED OR DEFECTIVE GOODS AND MANUFACTURER’S LIABILITY
8. DEFAULT BY THE PURCHASER
8.1 If Crown reasonably believes the Purchaser may be unable to meet the payment obligations to Crown, Crown may, without prejudice to Crown’s other rights and remedies, demand payment for sums already due and/or withhold delivery of all or any of the Goods ordered and/or require security before delivering the Goods ordered by the Purchaser.
8.2 If the Purchaser is in breach of the payment obligations or any other of the terms and conditions of the contract: (a) in addition to the purchase price or any other amount due, the Purchaser will be liable to pay Crown, as liquidated damages, interest on the amount due from the due date until the date of payment at a rate equal to two (2) per cent above the current overdraft rate charged by Crown’s trading bank on overdrafts in excess of $100,000.
(b) Crown may without demand re-take possession of the Goods and may without notice sell the Goods on such terms and in such manner as it may determine and will be entitled to deduct all expenses incurred. For the purpose of recovering possession and without limiting the generality of the foregoing the Purchaser hereby irrevocably authorises and licenses Crown and its servants and agents to enter upon any premises where any Goods may be stored and to take possession of the Goods. The Purchaser agree that it will be liable for all costs, losses, damages or any other sums of money incurred or suffered by Crown (including consequential losses and damages) as a result of Crown re-taking possession of the Goods or otherwise enforcing or exercising its rights at law. The Purchaser indemnifies Crown for all fees (including legal fees on a full indemnity basis), costs and expenses incurred or suffered as a result of any prosecutions, actions, demands, claims or proceedings brought by or against Crown in relation to the re-taking of possession or enforcement or exercise of its legal rights, and the Purchaser shall repay all such fees, costs, losses, damages, expenses on demand.
9. LIMITATION OF LIABILITY
9.1 To the fullest extent permitted by law, any liability of Crown to the Purchaser including but not limited to the liability for special, consequential or incidental damages or for breach of any term, condition, warranty, undertaking, inducement, guarantee or representation whether express, implied, statutory or otherwise relating to this Contract or to the goods will be limited at Crown’s option, to any one or more of the following:
10.1 The Purchaser indemnifies Crown against any liability for any direct, indirect or consequential injury, loss or damage occasioned by or arising from the use or operation (other than by Crown) or possession of the Goods and from negligence or default or misuse by or on the part of the Purchaser or the Purchaser’s servants or agents or any person other than Crown.
(b) war or threat of war, sabotage, insurrection, civil disturbance or requisition;
(c) acts, restrictions, regulations, laws, prohibitions, or measures of any kind of any local or federal governmental authority;
(d) defective performance of carriers;
(e) import or export regulations or embargoes;
(f) strikes, lock-outs or other industrial actions or trade disputes (whether involving employees of Crown or a third party);
(g) difficulties in obtaining raw materials, labour, fuel, or parts of machinery; or
(h) failure or breakdown in machinery; and for as long as such circumstances exist, Crown may, at its option, cancel, rescind or terminate all or any part of this agreement or keep the agreement on foot until such circumstances have ceased.
12.2 In the event that any provision of this agreement is held invalid or unenforceable, the remaining provisions of this agreement will remain in full force and effect.
12.3 This agreement may be altered only in writing signed by each party.
12.4 The Purchaser must not assign its rights or obligations under this agreement without prior written consent of Crown.
12.5 No failure or delay by Crown to exercise any right or remedy provided under this agreement or by law will constitute a waiver of that or any other right or remedy, nor will it preclude or restrict the further exercise of that or any other right or remedy. No single or partial exercise of such right or remedy will preclude or restrict the further exercise of that or any other right or remedy.
12.6 This agreement constitutes the entire agreement between Crown and the Purchaser and supersedes any previous agreement relating to the Goods.