Account Application

I / We agree, that should this account for credit be approved, I / We will comply with Budget Distributors Terms and conditions of sale and accept Budget Distributors trading terms:
TERMS AND CONDITIONS OF TRADE | BUDGET DISTRIBUTORS PTY LTD (THE COMPANY)
In this Condition of Trade, ‘Customer’ means any person, legal entity or company, who has the approval of the Company to purchase goods from the Company, it also includes the customer’s successors and permitted assignees.
The placing with the Company of an order, by the Customer, for the goods is acceptance by the Customer of an offer by the Company to sell the goods. The ownership of goods supplied shall not pass to the buyer but shall remain with the Company until such time as payment in full for the goods shall have been received and no other sums are outstanding from the buyer to the seller on any accounts whatsoever, whether or not such sums shall have become due for payment.
If the customer fails to make any payments to the Company by the due date or if the customer enters bankruptcy, liquidation, a composition with its creditors, has a receiver or manager appointed over all or part of its assets or becomes insolvent, the Company shall be entitled, without prejudice to any other right or remedy, to repossess the goods and the composite goods and to enter any premises, without notice, for that purpose, and to trace the proceeds of any sale or insurance claims in respect of the goods or of Composite Goods. Nothing in these terms and conditions of sale shall affect the Company’s right as an unpaid seller.
The cost of recovering and default of payment will be borne by the customer. Customer submits to the exclusive jurisdiction of the courts of the State of New South Wales.
Any claim for incorrect shipments, faulty or damaged goods, must be made within seven (7) days of invoice date. After this period has lapsed the Company has the right to refuse the claim unless otherwise agreed to.
The price payable by the customer shall be that specified by the Company in its invoice, if no price has been quoted the Company’s current List Prices shall apply.
The Customer understands and agrees that normal trading terms are strictly 30 days, and payment is due by the end of the month following the month of delivery. If an account becomes overdue then it will be automatically suspended until brought within the agreed trading terms. A settlement discount of 3% is allowed if settlement of the outstanding account is received in full by the Company within seven (7) days of invoice.