Standard Trading Terms and Conditions of Sale

1.   Interpretation
      (a)   ‘Contract means the standard trading terms and conditions of sale
              (which applies to each and every Quotation and/or Order)and
              Includes any Quotation and order.
      (b)   Bannamesh means Bannamesh
              ABN 48 700 708 706
      (c)   ‘Customer means the entity to which ‘Bannamesh
              Enters into a Contract for the sale of Goods.
      (d)   ‘Goods means the goods described in the Quotation or order and
              Includes replacement goods.
      (e)   ‘Order’ means a written or verbal order from the customer to
      (f)   ‘Quotation’ means a written or verbal quotation provided by
             Bannamesh to the customer.

2.  Orders
     (a)   Orders for Goods will be binding upon Bannamesh and the
             customer. However Bannamesh reserves the right to accept orders
             In whole or in part.
     (b)   Once Bannamesh has accepted and order, the customer may not
             Alter or Modify the order without the prior written consent of

3.  Prices
     (a)   All prices contained in the Quotation and/or order will be
             exclusive of GST. All prices are in Australian dollars and subject
             to alteration without notice. All invoices are in Australian dollars
             and must be settled in Australian dollars.

4.  Payment and Credit Terms
     (a)   Unless otherwise agreed in writing, the payment due date is
             strictly thirty, (30) days from the end of the month in which the
             goods are purchased.
     (b)   Accounts with overdue balances will automatically have credit
             withdrawn until all outstanding balances are cleared.
             Bannamesh reserves the right to charge interest at the rate of
             2% per month on all overdue balances calculated on a daily
             basis from the due date until such amount is paid.
     (c)   If the customer defaults in payment of any invoice when due,
            the customer will indemnify Bannamesh from and against all
            Bannamesh international costs and disbursements including a
            solicitor and own client basis and in addition to Bannamesh
            nominee’s costs of collection.

5.  Delivery of Goods and Risk
     (a)   Delivery of the Goods shall be made to the Customer’s address.
             The customer shall make all arrangements necessary to take
             delivery of the Goods whenever they are tendered for delivery.

     (b)   The Failure of Bannamesh to deliver will not entitle the
             customer to treat this Contract as cancelled.
     (c)    Bannamesh will not be liable for any loss or damage
             whatever due to failure by Bannamesh to deliver the
             Goods 9 or any part of them) promptly or at all.
     (d)   All risk for the Goods passes to the Customer on delivery
             even if Bannamesh retains ownership.

6.  Retention of Title
     (a)   All goods remain the property of Bannamesh until the
             customer has paid for the Goods in full. If payment is
             made by cheque, payment will not deemed to have been
             made until the cheque has been honored.
     (b)   If the goods are on-sold by the customer before payment
             to Bannamesh the proceeds of sale will become
             property of Bannamesh.
     (c)   If the Goods are not paid for pursuant to clause 4,
             Bannamesh may give notice in writing to the customer
             to return the Goods or any part of them to Bannamesh.
     (d)   Bannamesh may enter the customer’s premises without
             notice at any time and take possession of the Goods and
             without being responsible for any damage thereby
             caused if:
             (i)   The Customer does not pay for the goods under clause
             (ii)  The Customer fails to return the Goods upon demand;
             (iii) A trustee in bankruptcy. Administrator, or receiver
                    and manager is appointed over the Customer;
             (iv) Winding-up proceedings in relation to the Customer
                    are commencing; or
             (v)  The Customer becomes bankrupt.

7.  Claims
     (a)   The customer will inspect the Goods on delivery and will
             within seven (7) days of delivery notify Bannamesh in
             writing of any alleged defect, shortage in quantity,
             errors, omissions or failure to comply with the order or
     (b)   The Customer will afford Bannamesh the opportunity to
             inspect the Goods within a reasonable time of delivery if
             the Customer believed the Goods are defective in any
             way. If the customer fails to comply with these
             Provisions, the Goods will be deemed to be free from any
             defect or damage and payment will be owing under this
      (c)   If Bannamesh agrees in writing that the Customer is
             entitled to reject the Goods because they are defective:
             (i)    The goods must have a corresponding invoice
                     number quoted;
             (ii)   Freight charges incurred for the return of the
                     Goods being returned is at the expense of the
                     Customer, unless otherwise agreed ; and

             (iii)  Bannamesh liability is limited to either
                     replacing or repairing the Good at its discretion
             (iv)  Bannamesh does not warrant that the Goods are
                     fit for any particular purpose or an intended use
                     by the customer.

8.  Limitation of Liability
     (a)   Subject to cause 8(b) Bannamesh will have no liability
             whatsoever for any direct or indirect losses, expenses,
             damages and costs incurred by the Customer caused by any
             breach by Bannamesh of this contract or any negligent act
             or omission.
     (b)   The liability of Bannamesh to the Customer in the event of
             any breach of this Contract or other cause of action will not
             exceed the prices of the goods.

9.  Privacy Act 1998
     (a)   The customer agrees for Bannamesh to obtain from a
             credit-reporting agency and the trade referees a credit
             report containing personal credit information about the
             customer and any additional information required by
     (b)   Bannamesh may exchange information about the Customer
             with those trade references name in the application form for
             a trading account or named in a consumer credit report
             issued by reporting agency to:
             (i)    Asses the Customer’s application;
             (ii)   Notify other credit providers of a default by the
             (iii)  Exchange other information with other credit
                     providers as to the status of the trading account,
                     if the Customer is in default with other credit
                     providers ; and
             (iv)  Assess the credit worthiness of the Customer.

10. General
      (a)  If any provision of these terms and conditions becomes void
             or unenforceable, it will be severed from this agreement
             without affecting the enforceability of the other provision,
             which will continue to have full force and effect.
      (b)  These terms and conditions are governed by the laws of New
             South Wales and each party irrevocably and unconditionally
             submit to the non-exclusive jurisdiction of the courts of New
             South Wales.
      (c)  Bannamesh may terminate or vary this contract or cancel
             delivery of goods at any time before the goods are delivered
             by giving written notice. Bannamesh will not be liable for
             any loss or damage whatever arising from termination or

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