Subject to any special terms agreed in Writing between SM Supplies and the Customer, SM Supplies shall be entitled to invoice the Customer for the price of the Goods on or at any time after despatch of the Goods, unless the Goods are to be collected by the Customer, in which event SM Supplies shall be entitled to invoice the Customer at any time after the Customer has been notified that the Goods are ready for collection.
The Customer shall pay the price of the Goods (less any discount) within 30 days from the end of the invoice month, which will be generated once the goods are despatched or advised ready for collection. Receipts for payment will be issued only upon request.
If the Customer fails to make any payment on due date then, without prejudice to any other right or remedy available to SM Supplies, SM Supplies shall be entitled to cancel or suspend the Customer’s account and stop any further deliveries.
The property of the Goods shall not pass to the Customer until SM Supplies has received in cash or cleared funds payment in full of the price of the Goods when payment is due.
The risk of damage to or loss of the Goods shall pass to the Customer once the Goods have been delivered the premises of the Customer and / or advised that the Goods are ready for collection.