Standard
Terms and Conditions
1.
Definitions
1.1 “Buyer” means the person who buys or agrees
to buy the goods from the Seller described as “the Buyer”
in the Seller’s Quotation.
1.2 “Conditions” means the terms and conditions
of sale set out in this document and any special terms and
conditions agreed in writing by the Seller.
1.3 “Delivery Date” means the date specified in
the Quotation by the Seller when the goods are to be delivered.
1.4 “Due Date” means the date specified by the
Seller for payment of Price.
1.5 “Goods” means the goods which the Buyer agrees
to buy from the Seller which is described in the Seller’s
Quotation.
1.6 “Price” means the price for the Goods as reflected
in the Seller’s Quotation.
1.7 “Seller” means Xali Pte Ltd of 66 Tannery
Lane #01-02C Sindo Building Singapore 347805.
2.1 These Conditions shall apply to all contracts for the
sale of Goods by the Seller to the Buyer to the exclusion
of all other terms and conditions including any terms or conditions
which the Buyer may purport to apply under any purchase order
confirmation of order or similar document.
2.2 By signing the Seller’s Quotation, the Buyer is
deemed to have agreed to purchase the Goods at the Price pursuant
to these Conditions. In absence thereof, acceptance of delivery
of the Goods shall be deemed conclusive evidence of the Buyer’s
acceptance of these Conditions.
2.3 Any variation to these Conditions (including any special
terms and conditions agreed between the parties) shall be
inapplicable unless agreed in writing by the Seller.
3.1 The price shall exclude carriage and insurance. The Price
is inclusive of GST which shall be due at the rate ruling
on the Delivery Date. The price is Seller’s ex works
prices and where the Seller agrees to arrange for the Goods
to be sent to the Buyer the Buyer shall be responsible for
the costs of loading carriage insurance and unloading.
3.2 Payment of the Price shall made by the mode stated and
within the time stipulated in the Seller’s Quotation.
Time shall be of the essence.
3.3 Interest on overdue Price shall accrue from the date when
payment becomes due from day to day until the date of payment
at a rate of 2% per month and shall accrue from the day after
Due Date up to date of payment.
3.4 If payment is by way of letters of credit, the Buyer shall
within 14 days open an irrevocable letter of credit with a
bank to be confirmed in favor of Development Bank Limited
payable on sight against production of a commercial invoice
for the Goods and a clean on board bill of lading or air waybill
(as the case maybe) for the Goods. If the Buyer fail to open
the letters of credit within the time stipulated, the Seller
is at liberty (but not obliged) to treat the contract of sale
as repudiated but without prejudice to the Seller’s
rights against the Buyer for its wrongful repudiation of the
contract of sale.
3.5 The Buyer may not withhold payment of any amount due to
the Seller by reason of any right of set off or counterclaim
which the Buyer may have or allege to have or for any reason
whatsoever.
3.6 If the Buyer fails to make any payment on the Due Date
then without prejudice to any of the Seller’s other
rights the Seller may (1) suspend or cancel deliveries of
any of the Goods due to the Buyer; and/ or (2) appropriate
any payment made by the Buyer to such of the Goods (or Goods
supplied under any other contract with the Buyer) as the Seller
may in its sole discretion think fit.
4.1 The quantity and description of the Goods shall be as
set out in the Seller’s Quotation. The Buyer acknowledges
that the Goods sold are products of nature, which is subject
to deviation in colour, texture and composition.
4.2 The Goods shall be marked in accordance with the Buyer’s
instructions (if any) and properly packed and secured for
delivery to the Buyer in an undamaged condition, in such manner
as the Seller deem fit.
5.
Warranties and liability
The Seller warrants that the Goods will at the time of delivery
correspond to the description given by the Seller. Except
where the Buyer is dealing as a consumer, all other warranties,
conditions or terms relating to fitness for purpose, merchantability
or condition of the Goods and whether implied by statute or
common law or otherwise are excluded.
6.1 Delivery of the Goods shall be made to the address stated
in the Quotation on the Delivery Date. The Buyer shall make
all arrangements necessary to take delivery of the Goods whenever
they are tendered for delivery.
6.2 The Buyer shall promptly obtained all necessary import
licenses, clearance and other consents necessary for the purchase
and delivery of the Goods. The Seller shall promptly upon
request supply all documents reasonably required by the Buyer
for this purpose.
6.3 The Seller may deliver the Goods by separate instalments.
Each separate instalment shall be invoiced and paid for in
accordance with the provisions in this contract of sale.
7.
Acceptance of the Goods
The Buyer shall be deemed to have a reasonable opportunity
of inspecting the Goods after seven (7) days from the delivery
of the Goods. Upon the Buyer having deemed to have the opportunity
to inspect the Goods, the Buyer will also be deemed to have
notice of any defects rendering the Goods not in accordance
with the contract and to have accepted the Goods so delivered.
8.1 Risk shall pass to the Buyer on delivery of the Goods.
8.2 Inspite of the delivery having been made, property in
the Goods shall not pass from the Seller until the Buyer has
paid the Price and no other sums whatsoever shall be due from
the Buyer to the Seller.
8.3 Until property in the Goods passes to the Buyer in accordance
with clause 8.2 the Buyer shall hold the Goods and each of
them on a fiduciary basis as bailee for the Seller. The Buyer
shall store the Goods (at no cost to the Seller) separately
from all other goods in its possession and marked in such
a way that they are clearly identified as the Seller’s
property.
8.4 Notwithstanding that the Goods (or any of them) remain
the property of the Seller the Buyer may sell or use the Goods
in the ordinary course of the Buyer’s business at full
market value for the account of the Seller. Any such sale
or dealings. Until property in the Goods passes from the Seller
the entire proceeds of sale or otherwise of the Goods shall
be held in trust for the Seller and shall not be mixed with
other money or paid into any overdrawn bank account and shall
be at all material times identified as the Seller’s
money.
8.5 The Seller shall be entitled to recover the Price notwithstanding
that property in any of the Goods has not passed from the
Seller.
8.6 Until such time as property in the Goods passes from the
Seller the Buyer shall upon request deliver up such of the
Goods as have not ceased to be in existence or resold to the
Seller. If the Buyer fails to do so the Seller may enter upon
any premises owned occupied or controlled by the Buyer where
the Goods are situated and repossess the Goods. On the making
of such request the rights of the Buyer under clause 8.4 shall
cease.
8.7 The Buyer shall not pledge or in any way charge by way
of security for any indebtedness any of the Goods which are
the property of the Seller. Without prejudice to the other
rights of the Seller, if the Buyer does so all sums whatever
owing by the Buyer to the Seller shall forthwith become due
and payable.
9.1 Where the Buyer rejects any Goods then the Buyer shall
have no further rights whatever in respect of the supply to
the Buyer of such goods or the failure by the Seller to supply
Goods which conform to the contract of sale.
9.2 Where the Buyer accepts or has been deemed to have accepted
any Goods then the Seller shall have no liability whatever
to the Buyer in respect of those Goods.
9.3 The Seller shall not be liable to the Buyer for late delivery
or short delivery of the Goods. The Seller shall be under
no liability whatsoever to the Buyer for any indirect loss
and expense (including loss of profits) suffered by the Buyer
as a result of a breach by the Seller of the contract of sale.
9.4 Neither party shall be liable for any default due to any
act of God, war, strike, lockout, industrial action, fire,
flood, drought, tempest or other event beyond the reasonable
control of the parties.
9.5 The Seller may cancel the contract for sale at any time
before the Delivery Date by giving a written notice to the
Buyer. On giving such notice, the Seller shall promptly repay
to the Buyer any sums paid in respect of the Price. The Seller
shall not be liable for any loss or damage whatever arising
from such cancellation.
9.6 This contract is subject to the law of Singapore and both
the Buyer and the Seller submits irrevocably to the jurisdiction
of the courts of Singapore. The Buyer and Seller irrevocably
agree that proceedings issued out of the said court may without
prejudice to the rules of service of such courts be served
on them by delivering such proceedings in an envelope addressed
to the party to be served at the address for such party set
out in the contract of sale.