Terms of Trade



PARTMASTER LTD TERMS AND CONDITIONS



1. DEFINITIONS

1.1. “PARTMASTER” shall mean Partmaster Limited, or any agents or employees thereof. “Customer” shall mean the Customer, any person acting on behalf of the customer and with the authority of the Customer. “Products” shall mean:

1.1.1. all Products of the general description specified on the front of this agreement and supplied by PARTMASTER to the Customer; and

1.1.2. all Products supplied by PARTMASTER to the Customer; and

1.1.3. all inventory of the Customer that is supplied by PARTMASTER; and

1.1.4. all Products supplied by PARTMASTER and further identified in any invoice issued by PARTMASTER to the Customer, which invoices are deemed to be incorporated into and form part of this agreement; and

1.1.5. all Products that are marked as having been supplied by PARTMASTER or that are stored by the Customer in a manner that enables them to be identified as having been supplied by PARTMASTER; and

1.1.6. all of the Customer’s present and after-acquired Products that PARTMASTER supplied, in which goods or materials supplied or financed by PARTMASTER have been attached or incorporated.

1.1.7. The above descriptions may overlap but each is independent of and does not limit the others.

1.2. “Products” shall mean all products, goods, services and advice provided by PARTMASTER to the Customer and shall include without limitation the sale of Products and equipment including machines, consumables and safety equipment and all charges for time and attendances, hire charges, insurance charges, or any fee or charge associated with the supply of Products by PARTMASTER to the Customer.

1.3. “Price” shall mean the cost of the Products as agreed between PARTMASTER and the Customer and includes all disbursements eg charges PARTMASTER pay to others on the Customer's behalf subject to clause 4 of this contract.

1.4. “The due date” shall mean the date in which the invoice or other payable terms are due for payment.

2. ACCEPTANCE

2.1. Any instructions received by PARTMASTER from the Customer for the supply of Products shall constitute a binding contract and acceptance of the terms and conditions contained herein.

2.2. You acknowledge that the ownership of goods delivered by us to you (“the goods”) is only transferred to you when you have paid all sums owing to us on any account whatsoever and until such time we have the right to call for or recover the goods at our option (for which purpose our employees or agents may enter any premises) and you are obliged to deliver up the goods if so directed by us.

2.3. You agree to keep the goods in a fiduciary capacity for us until such time as ownership is transferred to you.

2.4. Notwithstanding the foregoing, you may sell the goods to a third party in the ordinary course of business, but title remains ours pursuant to these provisions.

2.5. The applicant acknowledges having read these terms and conditions and understands them

3. COLLECTION AND USE OF INFORMATION

3.1. The Customer and its officers authorises PARTMASTER to collect, retain and use any information about the Customer, for the purpose of assessing the Customer’s credit worthiness, enforcing any rights under this contract, or marketing any Products and Services provided by PARTMASTER to any other party. The Customer authorises PARTMASTER to disclose any information obtained to any person for the purposes set out in clause 3.1. Where the Customer is a natural person the authorities under clauses 3.1 and 3.2 are authorities or consents for the purposes of the Privacy Act 1993.

3.2. Partmaster reserves the right to provide default information to debt collection agencies.

4. PRICE

4.1. Where no price is stated in writing or agreed to orally the Products shall be deemed to be supplied at the current amount as such Products are supplied by PARTMASTER at the time of the contract.

The price may be increased by the amount of any reasonable increase in the cost of supply of the Products that is beyond the control of PARTMASTER between the date of the contract and supply of the Products and Services.

4.2. Our prices are subject to change without notice.

4.3. You will be invoiced for goods at prices current at the date of despatch.

4.4. Unless specified on our invoice, all prices are exclusive of Goods and Services Tax, freight costs and insurance charges all of which you must pay. Any error or omission on our part does not waive your liability.

4.5. Whilst we shall use all reasonable endeavours to comply with your particular delivery requirements and order specifications, you will not be entitled to cancel the whole or part of your order or to claim compensation by reason of our failure to comply with your delivery requirements or minor variations to the goods as a result of changes to the manufacturing processes or specifications.

5. PAYMENT

5.1. Payment for Products and Services shall be made in full on or before the 20th day of the month following the date of the invoice (“the due date”). Interest may be charged on any amount owing after the due date at the rate of 2.5% per month or part month calculated on a daily basis. Any expenses, disbursements and legal costs incurred by PARTMASTER in the enforcement of any rights contained in this contract shall be paid by the Customer, including any reasonable lawyer’s fees or debt collection agency fees. Receipt of a cheque, bill of exchange, or other negotiable instrument shall not constitute payment until such negotiable instrument is paid in full. A deposit may be required.

6. QUOTATION

6.1. Where a quotation is given by PARTMASTER for Products and Services:

6.1.1. Unless otherwise agreed the quotation shall be valid for thirty (30) days from the date of issue; and

6.1.2. The quotation shall be exclusive of goods and services tax unless specifically stated to the contrary;

6.1.3. PARTMASTER reserve the right to alter the quotation because of circumstances beyond its control.

6.2. Where Products and Services are required in addition to the quotation the Customer agrees to pay for the additional cost of such Products and Services.

7. AGENCY

7.1. The Customer authorises PARTMASTER to contract either as principal or agent for the provision of Services that are the subject of this contract (“outsourcing”). Where PARTMASTER enters into a contract of the type referred to in clause 6.1 it shall be read with and form part of this agreement and the Customer agrees to pay any amounts due under that contract.

8. TITLE AND SECURITY (PERSONAL PROPERTY SECURITIES ACT 1999)

8.1. Title in any Products supplied by PARTMASTER passes to the Customer only when the Customer has made payment in full for all Products provided by PARTMASTER and of all other sums due to PARTMASTER by the Customer on any account whatsoever. Until all sums due to PARTMASTER by the Customer have been paid in full, PARTMASTER has a security interest in all Products.

8.2. If the Products are attached, fixed, or incorporated into any property of the Customer, by way of any manufacturing or assembly process by the Customer or any third party, title in the Products shall remain with PARTMASTER until the Customer has made payment for all Products, and where those Products are mixed with other property so as to be part of or a constituent of any new Products, title to these new Products shall be deemed to be assigned to PARTMASTER as security for the full satisfaction by the Customer of the full amount owing between PARTMASTER and Customer.

8.3. The Customer gives irrevocable authority to PARTMASTER to enter any premises occupied by the Customer or on which Products are situated at any reasonable time after default by the Customer or before default if PARTMASTER believes a default is likely and to remove and repossess any Products and any other property to which Products are attached or in which Products are incorporated. PARTMASTER shall not be liable for any costs, damages, expenses or losses incurred by the Customer or any third party as a result of this action, nor liable in contract or in tort or otherwise in any way whatsoever unless by statute such liability cannot be excluded.

PARTMASTER may either resell any repossessed Products and credit the Customer’s account with the net proceeds of sale (after deduction of all repossession, storage, selling and other costs) or may retain any repossessed Products and credit the Customer’s account with the invoice value thereof less such sum as PARTMASTER reasonably determines on account of wear and tear, depreciation, obsolescence, loss or profit and costs.

8.4. Where Products are retained by PARTMASTER the Customer waives the right to receive notice under s.120 of the Personal Property Securities Act 1999 (“PPSA”) and to object under s.121 of the PPSA.

8.5. The following shall constitute defaults by the Customer:

8.5.1. Non payment of any sum by the due date.

8.5.2. The Customer intimates that it will not pay any sum by the due date.

8.5.3. Any Products are seized by any other creditor of the Customer or any other creditor intimates that it intends to seize Products.

8.5.4. Any Products in the possession of the Customer are materially damaged while any sum due from the Customer to PARTMASTER remains unpaid.

8.5.5. The Customer is bankrupted or put into liquidation or a receiver is appointed to any of the Customer’s assets or a landlord distrains against any of the Customer’s assets.

8.5.6. A Court judgment is entered against the Customer and remains unsatisfied for seven (7) days.

8.5.7. Any material adverse change in the financial position of the Customer.

9. LIABILITY

9.1. The Consumer Guarantees Act 1993, the Fair Trading Act 1986 and other statutes may imply warranties or conditions or impose obligations upon PARTMASTER which cannot by law (or which can only to a limited extent by law) be excluded or modified. In respect of any such implied warranties, conditions or terms imposed on PARTMASTER, PARTMASTER’s liability shall, where it is allowed, be excluded or if not able to be excluded only apply to the minimum extent required by the relevant statute.

9.2. Except as otherwise provided by clause 9.1 PARTMASTER shall not be liable for:

9.2.1. Any loss or damage of any kind whatsoever, arising from the supply of Products and Services by PARTMASTER to the Customer, including consequential loss whether suffered or incurred by the Customer or another person and whether in contract or tort (including negligence) or otherwise and irrespective of whether such loss or damage arises directly or indirectly from Products and Services provided by PARTMASTER to the Customer; and The Customer shall indemnify PARTMASTER against all claims and loss of any kind whatsoever however caused or arising and without limiting the generality of the foregoing of this clause whether caused or arising as a result of the negligence of PARTMASTER or otherwise, brought by any person in connection with any matter, act, omission, or error by PARTMASTER its agents or employees in connection with the Products and Services. If contrary to the disclaimer of liability contained in these terms and conditions of trade PARTMASTER is deemed liable to the Customer, following and arising from the supply of Products and Services by PARTMASTER to the Customer, then such liability is limited in its aggregate to $500.

10. WARRANTY

10.1. Manufacturer’s warranty applies where applicable. Any written warranty that PARTMASTER provide to the Customer will also form part of these terms and conditions of trade.

11. CONSUMER GUARANTEES ACT

11.1. The guarantees contained in the Consumer Guarantees Act 1993 are excluded where the Customer acquires Products and Services from PARTMASTER for the purposes of a business in terms of section 2 and 43 of that Act.

12. PERSONAL GUARANTEE OF COMPANY DIRECTORS OR TRUSTEES

12.1. If the Customer is a company or trust, the director(s) or trustee(s) signing this contract, in consideration for PARTMASTER agreeing to supply Products and Services and grant credit to the Customer at their request, also sign this contract in their personal capacity and jointly and severally personally undertake as principal debtors to

PARTMASTER the payment of any and all monies now or hereafter owed by the Customer to PARTMASTER and indemnify PARTMASTER against non-payment by the Customer. Any personal liability of a signatory hereto shall not exclude the Customer in any way whatsoever from the liabilities and obligations contained in this contract. The signatories and Customer shall be jointly and severally liable under the terms and conditions of this contract and for payment of all sums due hereunder.

13. MISCELLANEOUS

13.1. PARTMASTER shall not be liable for delay or failure to perform its obligations if the cause of the delay or failure is beyond its control.

13.2. Failure by PARTMASTER to enforce any of the terms and conditions contained in this contract shall not be deemed to be a waiver of any of the rights or obligations PARTMASTER has under this contract.

13.3. If any provision of this contract shall be invalid, void or illegal or unenforceable the validity existence, legality and enforceability of the remaining provisions shall not be affected, prejudiced or impaired.

13.4. The customer agrees that, irrespective of where this contract is signed, the contract is subject exclusively to New Zealand laws and jurisdiction.

14. Withholding Supply

14.1. We reserve the right, irrespective of whether or not an order has been accepted, and without notice to you. To withhold supply and PARTMASTER will

14.2. not be liable for loss or damage resulting directly or indirectly from such action where:

14.3. we have insufficient goods to fulfil the order;

14.4. the goods ordered have been discontinued; or

14.5. We have determined, in our absolute discretion, that credit should no longer be extended to you.

15. Minimum Orders

15.1. We reserve the right to specify the minimum order value which we shall accept from time to time and to impose a surcharge should you require delivery of goods having a value less than the minimum order value.

The below is missing from the TERMS section of our website.

16. RETURNS AND REFUNDS – INTERNET SALES

16.1 Customers are entitled to a full refund if product received is not as described on auction page.

16.2 Customers are required to ship the product back to us for a refund or claim of warranty (return to base)

16.3 We will inspect all returned products. If the product is found to be defective due to improper installation or misuse, the warranty will be declined automatically.

16.4 Clearance items are non returnable.

17. RETURNS AND REFUNDS – GENERAL SALES

17.1. Goods for credit may incur a 15% restocking fee and must be returned within 14 days of receipt.

17.2. Any claims for shortages must be lodged within 48 hours of receipt.

17.3. Procured goods or electrical items that have been opened or fitted will not be credited or refunded.

17.4. All quotations are subject to G.S.T change.

17.5. Purchase goods wisely, as the Fair Trading Act does not require us to refund goods when you change your mind about a purchase.

17.6. If the event of a dispute, we will endeavour to provide the best resolution.

17.7. Customers are required to report to us any defective product within 48 hours from date of receipt.

17.8. We will inspect all returned products. If the product is found to be defective due to improper installation or misuse, the warranty will be declined automatically.

17.9. All return items must be in its original packaging in a resalable condition with the following information.

I. Name, Address and Account Number

II. Partmaster invoice number

III. Reason for return
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