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TERMS AND CONDITIONS OF SALE FOR CAMBRIDGE COMMODITIES LIMITED

The following terms and conditions (“the conditions”) are the terms on which Cambridge Commodities Limited (“the Seller”) sells products and supersedes all other terms and conditions relating to the subject matter of these Conditions.

1. PRICE AND PAYMENT'

1.1. The price (exclusive of VAT) for the Goods (“The Price”) shall be the quoted price of the Seller and payment of the Price shall be made by the buyer as shown on the invoice (“the Buyer”) within the specified date or within 28 days of the invoice for the Goods.

1.2. If the Price is not paid by the, due date interest shall accrue both before and after judgement on the unpaid portion of the Price at the rate of 4 per cent above the base rate from time to time of Cambridge Commodities Bank at that time.

2. GOODS

The description and quantity of the goods to be sold (“the Goods”) shall be as set out in the quotation provided by the Seller to the Buyer (“The Quotation”).

3. DELIVERY

The Seller shall deliver the Goods to the Buyer at the address of the Buyer as shown on the Quotation on the date shown on the Quotation. Time shall not be of the essence for delivery.

4. ACCEPTANCE

The Buyer shall be deemed to have accepted the Goods if they have not been rejected on or before the 7th day after delivery. The Buyer shall not be entitled to reject the Goods in whole or in part after such date.

5. TITLE AND RISK

5. 1. The Goods shall be at the risk of the Buyer following delivery.

5.2. Notwithstanding delivery title in the Goods shall not pass to the Buyer until the Seller has received cleared funds in payment of all sums owing to the Seller.

5.3. Until such time as title in the Goods passes to the Buyer the Seller shall have the right to repossess or otherwise recover the Goods.

6. LIMITATION OF LIABILITY

6.1. Save in respect of personal injury or death due to the negligence of the Seller the Seller shall not be liable to the Buyer in respect of any loss suffered by the Buyer due to any DEFECT in the Goods.

6.2. Without prejudice to Condition 6.1 the Seller shall not be liable to the Buyer or any third party following any loss of profit, consequential or other economic loss suffered by the Buyer arising in any way from this Agreement.

6.3. Save in respect of personal injury or death due to the negligence of the Seller the liability of the Seller under these Conditions shall not exceed the Price.

6.4. Goods must be used in accordance with all local regulations and laws. the Seller shall not be liable for any infringements of any law where the goods are not used in accordance with all local regulations and laws.

7. FORCE MAJEURE

The Seller shall not be liable for any default due to any circumstances beyond reasonable control of the Seller including, but not limited to, Acts of God, war, civil unrest, riot, strike, lock-out, acts of civil or military authorities, fire, flood, earthquake or shortage of supply or failure to deliver of the suppliers of the Supplier.

8. GENERAL

8.1. If any term or provision of these Conditions is held invalid illegal or unenforceable for any reason by any Court of competent jurisdiction such provision shall be severed and the remainder of the provisions hereof shall continue in full force and effect as if these Conditions had been agreed with the invalid illegal or unenforceable provision eliminated.

8.2. The Seller may without the consent of the Buyer sublicence its rights or obligation or any part of these Conditions.

8.3. The headings in these Conditions are for ease of reference only and shall not affect the interpretation of any of the Conditions.

9. ENTIRE AGREEMENT'

Each of the parties agrees that save in respect of statements made fraudulently it shall have no remedy in respect of any untrue statement upon which it relied in entering this Agreement and that its only remedies shall be for breach of contract.

10. GOVERNING LAW AND JURISDICTION

This agreement shall be governed by the laws of England and Wales and the parties hereby submit to the non-exclusive jurisdiction of the Courts of England and Wales.

11. RIGHTS OF CONSUMER

Nothing in these Conditions shall affect the statutory rights of a consumer.


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