Terms & Conditions

TERMS AND CONDITIONS OF TRADE ON CREDIT ACCOUNT (IN ADDITION TO GENERAL TERMS AND CONDITIONS)
1. APPLICATION
All contracts for the supply of goods by Vecodent shall be governed by the Terms and Conditions of Trade.
2. PRICES
All prices quoted by Vecodent for goods to be supplied are net of GST and subject to supplies being available, unless otherwise specified
3. TAXES
Goods and Services Tax and any duty, revenue or other tax charges whatsoever relating to the goods sold are to be paid by the purchaser in addition to the prices quoted or referred to.
4. PAYMENT
All payments for goods supplied are to be made by 20th day of the month, following purchase. If the purchaser fails to pay in full on due date Vecodent reserves the right to charge the purchaser interest at Vecodent’s bank overdraft interest rate plus one per cent calculated on a daily basis from the due date to the date of payment. All collection costs are the purchaser'sresponsibility. Vecodent reserves the right to stop delivery of any further goods to the purchaser.
5. DELIVERY
Vecodent is not liable to the purchaser for failure to deliver goods where such failure arises from or as a result of war or civil disturbances, strike, lock-out, fire or any other circumstances beyond Vecodent control.
6. RETURN OF STOCK - CONDITIONS
Any request to return stock must be made in writing and permission granted before goods are returned. Stock received by Vecodent without authorisation will not be credited.
Vecodent will accept return of all stock in undamaged, unmarked, original packs without any other labelling for credit within 5 working days from the date of purchase, with the following exceptions:
- Indent stock.
- Stock given as bonus goods.
- Opened stock (non-compliance with Quality Policy)
- Stock which has expired up to one month after expiry date.
In the event of any query by Vecodent, proof of purchase must be produced by the person requesting the credit.
Goods returned for restocking are subject to a fee of $10 minimum and up to 20% of invoice value.
7.EXPIRED STOCK
The risk of loss due to expired stock is exclusively that of the purchaser.
8. PRICE CHANGES.
Prices may be subject to change without notice. If the price of a product changes no retrospective credit can be affected to purchasers on stock held.
9. PERSONAL PROPERTY SECURITIES ACT 1999
a) The Purchaser grants to Vecodent a security interest in the Goods and their proceeds and accessions to firstly secure payment of the purchase price of the Goods and secondly to secure payment of all outstanding debts and obligations of the Purchaser to Vecodent from time to time.
b) The Purchaser agrees to execute any documents, provide all relevant information and cooperate fully with Vecodent to ensure that Vecodent has a preferred security interest in the personal property charged in (a) above and if applicable, a purchase money security interest.
c) The Purchaser shall pay Vecodent’s costs of any discharge or amendment of any Financing Statement.
d) The Purchaser will supply Vecodent within two business days of written request, copies of all documents granting security interests registered over the Purchaser’s personal property. The Purchaser authorizes Vecodent as an agent to request any information from any secured party relating to any security interest which is held in any personal property which is or has been in the Purchaser’s possession or control.
e) The Purchaser will immediately notify Vecodent in writing of any change in the Purchaser’s name or other material identifying characteristics of either the Purchaser or the goods purchased.
I) Nothing in sections 114(l)(a), 133 and 134 of the PPSA shall apply to this contract. The Purchaser waives its rights pursuant to sections 121, 125, 129, 131 and 132 of the PPSA and its rights to receive any verification statement relating to the security interests in the Goods.
10. OWNERSHIP AND RISK
Ownership in the Goods will remain vested in Vecodent until the Purchaser has made full payment for all Goods supplied by Vecodent to the Purchaser together with all interest and other moneys due. Until ownership has passed from Vecodent to the Purchaser then the following terms shall apply:
a) The Purchaser shall be deemed to be a bailee of Vecodent and acting in a fiduciary capacity in respect of any goods supplied by Vecodent and shall insure the Goods with the interest of Vecodent noted;
b) The Purchaser shall store the goods in such a way and in such condition and place as to make it clear that they are owned by Vecodent; and c) The Purchaser shall not under any circumstances mix the Goods with other personal property in any manner.
If the Purchaser defaults in payment for the goods, then subject to any contrary provision of the PPSA, Vecodent shall have leave and license to enter upon any property occupied by the Purchaser without notice in order to inspect, search for and remove the Goods and following removal, to resell the Goods and apply the proceeds to overdue amounts. Vecodent shall not be liable to the Purchaser or third party for the exercise of its rights under this clause and the Purchaser indemnifies Vecodent against all costs and claims in respect of Vecodent rights exercised under this clause.
11. CLAIMS
Any claim made for damage, shortage, bad condition or any other fault in the goods must be made in writing and received by Vecodent within seven days of receipt of the goods by the purchaser.
In the event of incorrect supply, written claims must be submitted within 14 days of receipt of goods, or claims will not be recognised. If a problem associated with original packing occurs, an explanation of this should accompany the claim. Failure to observe this clause will result in a penalty of 50% of the value of the goods.
12. LIABILITY
Vecodent guarantees to its purchasers that all goods comply with Vecodent general standards. The liability of Vecodent for any loss, damage or injury suffered by the purchaser or third parties, howsoever caused, is limited to the purchase price of the goods in respect of which loss or damage is claimed and shall be in lieu of any liability that might otherwise arise.