CREDIT APPLICATION FORM
1. All our herbal and nutritional products are supplied to health practitioners only. They are to be sold to patients only in the context of a consultation. They may not be displayed for retail sale.
2. For approved credit account customers, an invoice will accompany the goods and full payment shall be due on the 20th of the month following the date of the invoice.
3. Interest at the rate of 12% per annum or 1% monthly will be charged on any payments not received by the due date, calculated from the due date to the date full payment is received. We will give the buyer 30 days advance notice of any change in the interest rate for overdue accounts.
4. We reserve the right to withdraw this credit facility at any time and any change will be notified to the buyer in writing.
5. Liability for indebtedness or interest incurred will not be in any way prejudiced by the withdrawal of this facility.
6. Any change of address by the buyer must be notified to us promptly.
7. In the event of any default on the buyers/guarantors part in the operation of this account, the buyer/guarantor authorise the seller to refer any details of the dealings on this account to any nominated collection agency.
8. It is the intention of the seller and agreed by the buyer that property in the goods shall not pass until payment and that the goods, or proceeds of sale of the goods, shall be kept separate until the seller shall have received the price and:
(a) The buyer will hold the goods or any of them on trust for the seller as bailee of the seller.
(b) The buyer will store the goods without cost to the seller separately from other goods in the possession of the buyer, and clearly distinguish and identify the goods as the seller’s goods.
(c) If the buyer sells or trades the goods the goods will be sold at market value as fixed by this agreement on account of the seller.
(d) While the buyer shall deal as principal and the seller shall not be liable to any person with whom the buyer deals, nevertheless the buyer shall hold the entire proceeds of sale or other dealing in respect of the goods in trust for the seller in a separate account for the seller.
(e) The buyer shall not deal with the money of the seller in any way adversely to the seller.
(f) Until such terms as ownership of the goods shall pass from the seller to the buyer the seller may give notice in writing to the buyer to return the goods or any of them to the seller. Upon such notice the rights of the buyer to obtain ownership or any other interests in the goods shall cease.
(g) If the buyer fails to return the goods to the seller then the seller or the seller’s agent may enter upon and into building and premises owned, occupied or used by the buyer where the goods are situated and take possession of the goods.
(h) The buyer shall not charge the goods in any way nor give any interest in the goods while they remain the property of the seller.
(i) The buyer shall insure and keep insured the goods to the full price against all risks until the price shall be received by the seller.
(j) The seller may require payment of the purchase price or the balance of the purchase price due together with any other amounts due from the buyer to the seller arising out of this agreement, and the seller may take any lawful steps to require payment of the amount due and the purchase price.
(k) The foregoing provisions shall not entitle the buyer to return the goods without demand from the seller.
(l) At the buyer’s expense the buyer shall, if required, execute a registerable charge securing the payment of the price by the buyer against the goods, to be discharged by the seller on the receipt by the seller of the purchase price.
9. The Buyer/Guarantor agree that any costs incurred by any collection agency or its agent/s in collection of all or any part of any overdue debt on this account, will be payable by the Buyer/Guarantor.
10. “The Buyer/Guarantor authorises any person or company to provide you with such information as you may require in response to your credit enquiries.
2. For approved credit account customers, an invoice will accompany the goods and full payment shall be due on the 20th of the month following the date of the invoice.
3. Interest at the rate of 12% per annum or 1% monthly will be charged on any payments not received by the due date, calculated from the due date to the date full payment is received. We will give the buyer 30 days advance notice of any change in the interest rate for overdue accounts.
4. We reserve the right to withdraw this credit facility at any time and any change will be notified to the buyer in writing.
5. Liability for indebtedness or interest incurred will not be in any way prejudiced by the withdrawal of this facility.
6. Any change of address by the buyer must be notified to us promptly.
7. In the event of any default on the buyers/guarantors part in the operation of this account, the buyer/guarantor authorise the seller to refer any details of the dealings on this account to any nominated collection agency.
8. It is the intention of the seller and agreed by the buyer that property in the goods shall not pass until payment and that the goods, or proceeds of sale of the goods, shall be kept separate until the seller shall have received the price and:
(a) The buyer will hold the goods or any of them on trust for the seller as bailee of the seller.
(b) The buyer will store the goods without cost to the seller separately from other goods in the possession of the buyer, and clearly distinguish and identify the goods as the seller’s goods.
(c) If the buyer sells or trades the goods the goods will be sold at market value as fixed by this agreement on account of the seller.
(d) While the buyer shall deal as principal and the seller shall not be liable to any person with whom the buyer deals, nevertheless the buyer shall hold the entire proceeds of sale or other dealing in respect of the goods in trust for the seller in a separate account for the seller.
(e) The buyer shall not deal with the money of the seller in any way adversely to the seller.
(f) Until such terms as ownership of the goods shall pass from the seller to the buyer the seller may give notice in writing to the buyer to return the goods or any of them to the seller. Upon such notice the rights of the buyer to obtain ownership or any other interests in the goods shall cease.
(g) If the buyer fails to return the goods to the seller then the seller or the seller’s agent may enter upon and into building and premises owned, occupied or used by the buyer where the goods are situated and take possession of the goods.
(h) The buyer shall not charge the goods in any way nor give any interest in the goods while they remain the property of the seller.
(i) The buyer shall insure and keep insured the goods to the full price against all risks until the price shall be received by the seller.
(j) The seller may require payment of the purchase price or the balance of the purchase price due together with any other amounts due from the buyer to the seller arising out of this agreement, and the seller may take any lawful steps to require payment of the amount due and the purchase price.
(k) The foregoing provisions shall not entitle the buyer to return the goods without demand from the seller.
(l) At the buyer’s expense the buyer shall, if required, execute a registerable charge securing the payment of the price by the buyer against the goods, to be discharged by the seller on the receipt by the seller of the purchase price.
9. The Buyer/Guarantor agree that any costs incurred by any collection agency or its agent/s in collection of all or any part of any overdue debt on this account, will be payable by the Buyer/Guarantor.
10. “The Buyer/Guarantor authorises any person or company to provide you with such information as you may require in response to your credit enquiries.