Terms of Trade

TERMS OF TRADE
As at 1 November, 1999 

1.      All accounts are to be paid in full by the 20^th of the month following supply.

2.      WOOD MASTERS LTD is entitled to charge interest to the account holder on any amounts remaining unpaid after due date.

3.      WOOD MASTERS LTD is entitled to charge the account holder for any costs incurred in the recovery of outstanding monies under this agreement.  These costs include legal and/or debt collection agency fees.

4.      The account holder acknowledges that goods supplied by WOOD MASTERS LTD shall remain the property of WOOD MASTERS LTD until payment, in full, is received.  WOOD MASTERS LTD’s agents or employees may enter the premises of the customer for the purpose of repossession under this term.

5.      The account holder will only be entitled to credit, offset, counterclaim or deduction in respect of his account for goods supplied, providing all claims are made in writing within 14 days of supply.  This credit will apply to errors, defects or damage occurring before goods are delivered to the customer.

Any goods damaged after delivery will not be credited or replaced, though WOOD MASTERS LTD will endeavor to repair any damage at account holders cost.