In the event that 3CMG Pty Ltd (ABN 78 142 639 549) provides your business with a trading account, you acknowledge and accept the following terms and conditions shall apply:
1. Payment Terms
Payment for all goods and/or services purchased on credit is due within 30 days of the invoice issue date
2. Purchase on credit
3CMG Pty Ltd may, at any time, terminate your right to purchase goods and/or services on credit, and refuse to supply further goods, without the necessity of giving prior notice. We shall not be liable to you for any loss or damage that may arise as a result of terminating your right to purchase goods and/or services on credit, or refusing to supply further goods and/or services.
3. Title to Goods Supplied:
Ownership in the goods supplied by 3CMG Pty Ltd shall not pass until you have discharged all outstanding indebtedness whatsoever (whether in respect of the goods supplied or otherwise). If the goods supplied or part thereof are sold prior to payment in full of all outstanding indebtedness, then the proceeds of such resale shall be our property and payable immediately without demand.
Settlement discounts, which may have been deducted from the invoice value of goods and/or services supplied on credit, will be disallowed if payment for those goods and/or services is not received by the due date.
5. Overdue payments
Interest may be charged on overdue payments at the RBA cash rate plus 4% until such time as the account is brought within normal trading terms.
6. Recovery of outstanding debts
Any costs incurred by 3CMG Pty Ltd in collecting moneys due and payable (including, without limitation, the fees of any mercantile agents or solicitors appointed by us) shall be recoverable in full.
7. Modifications to terms and conditions
We may, at any time, vary the above terms and conditions once we have notified you of our intention to do so.