1] DEFINITION 2] TERMS & CONDITIONS 3] ORDERS b] In the case of En Primeur purchase of wines, notwithstanding the existence of a confirmed order, the Buyer acknowledges and agrees that the Seller has the absolute discretion to allocate the stocks of En Primeur wines according to their availability. The Buyer further acknowledges and agrees that he may be allocated only some of the quantity he has ordered. 4] PRICES b] In the event that the Seller has under-priced any of the goods by mistake, the Seller is not bound to sell the item to the Buyer at the incorrect price provided that the Seller notifies the Buyer of the mistake before the goods have been delivered to the Buyer or in the case of self-collection, before the agreed collection date. In such an event, the order will be cancelled unless the Buyer agrees to the correct price of the goods. 5] PAYMENT b] In the event that any payment is overdue, interest will be charged on all sums due at a monthly rate of 2% starting from the date payment becomes due and shall be compounded on a monthly basis until such time as payment of the original debt and any accrued interest is received in full. c] As long as invoices are not paid in full, the Seller reserves the right to (i) suspend any further delivery (ii) cancel any unfulfilled orders or (iii) exercise its right of sale in accordance with Clause 9 below. d] Payment can be made by cash, cheque (made payable to "Corndale Consultants Pte Ltd") or by telegraphic bank transfer to Standard Chartered Bank (Singapore) Limited, 6 Battery Road, Singapore 049909; Bank Code : 9496; Branch Code : 001; BIC/Swift Code : SCBLSG22; Account Nº. 0100903150; Beneficiary : Corndale Consultants Pte Ltd. e] The Buyer shall indemnify the Seller on a full indemnity basis for all costs and expenses (including legal fees) incurred by the Seller in enforcing its rights hereunder. 6] DELIVERY b] For delivery to countries other than Singapore, delivery of the goods will be Ex Works the Seller’s premises. The Buyer shall assume all costs and risks involved in bringing the goods from the Seller’s premises to the Buyer’s desired designation. The Buyer may request international transportation to be arranged by the Seller on the Buyer’s behalf at prevailing rates of charge. Where international transportation is arranged by the Seller on the Buyer’s behalf, the goods shall be delivered to the address provided by the Buyer at the Buyer’s own risk and expense. The Seller shall not be responsible or liable for any acts or omissions in relation to the handling, packing, transportation or delivery of the goods by any third party engaged by the Seller on the Buyer’s behalf. c] For goods to be delivered to the Buyer in Singapore, the Buyer may at its own costs and risks collect the goods from the Seller’s premises after the Seller has notified the Buyer that the goods are ready for collection, in which case delivery of the goods will be Ex Works the Seller’s premises. The Seller may, at its absolute discretion, deliver the goods to an address in Singapore provided the Buyer by using the Seller’s own transportation or by arranging third party transportation. Where the goods are delivered by the Seller to the Buyer using its own transportation, risk shall pass to the Buyer at the time when physical delivery is made to the Buyer. The Seller shall not be responsible or liable for any acts or omissions in relation to the handling, packing, transportation or delivery of the goods by any third party engaged by the Seller. 7] STORAGE & STORAGE INSURANCE b] All storage fees, storage insurance charges and administrative charges shall be borne by the Buyer. Storage fees shall be billed at SGD 5.00 per case, or part there-of, per month. Storage insurance charges shall be billed at 2% per annum of the ordered wines' current value, where "current value" is determined by the Seller based on sources that are deemed by the Seller in its sole discretion to be reliable. The "current value" determined is of a general nature and is intended solely for the purpose of determining the applicable insurance charges. Administrative charges shall be a reasonable amount determined by the Seller. Storage fees, storage insurance charges and administrative charges shall be billed on a 6-monthly basis, payable in advance. Storage fees, storage insurance charges and administrative charges are subject to change without prior notice to the Buyer. c] In the event of any claim made against the insurance policy, an excess amount payable by the Buyer is applicable. The Buyer will receive the insurance pay-out amount less the excess amount, a reasonable administrative fee to be determined by the Seller and any other amount incurred by the Seller on the Buyer’s behalf. d] There shall be no refund of any unused portion of storage fees, storage insurance charges and administrative charges. 8] TITLE AND RISK b] The Seller shall be entitled to retake possession of goods at any time to secure any payment due and the Buyer will afford all necessary consent for the Seller to do so. c] Risks in all goods shall be passed to the Buyer from the time when physical delivery is made for deliveries in Singapore. For international deliveries, risks in all goods shall be passed to the Buyer from the time the goods leave the Seller’s premises. d] Until such time as the title and property in the goods passes to the Buyer, the Buyer shall hold the goods as the Seller’s fiduciary agent and bailee, and shall keep the goods separate from those of the Buyer and third parties and properly stored, protected, insured and identified as the Seller’s property. 9] SELLER’S RIGHT TO SELL GOODS 10] DESCRIPTION/QUALITY b] The Buyer shall undertake to inspect all goods when collecting or immediately on delivery and to notify the Seller or the carrier forthwith of any shortage or damage immediately. Once the goods have been delivered to the Buyer and are out of the Seller’s control for any period of time, any damage or shortfall shall be deemed to have occurred after delivery and the Seller shall not be responsible for any shortage or damage. c] Illustration, photographs or advertisement materials supplied represent generally the machinery or materials specified herein and therefore remain non-contractual. d] For En Primeur purchases of wines, the minimum purchase in each order is one case of 12 bottles. 11] CANCELLATION b] In En Primeur purchases, the Seller shall be entitled to cancel any order or reduce the quantity ordered by the Buyer according to availability of stock and the quality of the En Primeur wines. In the event of such cancellation or reduction in quantity, the Seller will refund to the Buyer any amount paid for the undelivered wines without interest, except where the cancellation or reduction in quantity sold is due to a Force Majeure event in which case Clause 12(c) below applies. 12] FORCE MAJEURE b] The Seller shall be under no liability whatsoever to the Buyer for any direct, indirect, special, incidental or consequential loss and/or expense, whether contemplated by the parties or not, including loss of profit suffered by the Buyer or claims by any third party against the Buyer arising out of or in connection with this Contract. c] In the event that the Seller is unable to fulfill its obligations under an order due to a Force Majeure event, the Seller is under no obligation to return to the Buyer any amount already paid. 13] DISCLAIMER RELATING TO THIRD PARTIES’ ACTS & OMISSIONS 14] LIABILITY b] The Seller will exercise reasonable care to ensure that the goods sold to the Buyer are genuine products but the Seller shall not be liable in any way for any direct, indirect, special, incidental or consequential injury, loss or damage whatsoever in the event that the goods turn out to be counterfeits or products infringing of any third party intellectual property rights. c] In the event the Seller is liable to the Buyer for any reason under this Contract, the Seller’s aggregate liability shall be limited to the aggregate amount actually paid by the Buyer to the Seller for the goods in relation to the relevant purchase order. 15] SEVERANCE 16] GOVERNING LAW & JURISDICTION 17] CONTRACTS (RIGHTS OF THIRD PARTIES) ACT (CAP.53B)
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