GENERAL TRADING TERMS OF PENSTEEL LIMITED

CONTRACTS AND ORDERS
Orders, whether sent to the Company or given to the Company’s representatives and whether
verbal or in writing do not constitute a Contract until they have been accepted by the
Company, either by written acknowledgement or by sending the goods involved.
PAYMENT DUE DATE
Unless otherwise agreed, our terms of business are net monthly account. This requires
settlement in full by the end of the month following the date shown on our invoice. If payment
is not made by the due date Pensteel Limited reserves the right to take legal action or appoint
debt collection agents to obtain payment on our behalf. In that event all additional costs
incurred will be payable by the customer on an indemnity basis. All prices quoted are in
pounds sterling, are ex-works and exclude VAT; unless otherwise agreed in writing.
MINIMUM ORDER VALUE
We are unable to accept any order where the value of goods (excluding delivery costs and
VAT) is less than £50.00. Furthermore, orders placed that are less than £200 can only be
accepted on a pro-forma basis.
MINIMUM RENTAL VALUE
All contracts covering the rental of stainless steel IBCs must be paid by company credit card if
the total monthly figure is less than £351. Pensteel will supply all relevant paperwork after the
transaction has taken place. The first month’s rental price will be collected prior to the delivery
of the said container/s
NEW ACCOUNT APPLICATIONS
Monthly accounts will be considered after Bank and two trade references have been provided,
evaluated, and the Company’s conditions of sale agreed to.
WITHDRAWAL OF CREDIT FACILITIES
If the customer is in breach of the payment terms Pensteel Limited reserves the right to:
o Charge interest on overdue accounts according to the current EU Directive regarding
‘late payments’.
o Refuse to accept any further orders from the customer until payment of the
customer’s account is brought up to date.
o Terminate the customer’s account facility and require payment in advance for future
orders.
o Withdraw specially formulated prices.
SPECIALLY MANUFACTURED GOODS
Where specially manufactured products are involved, we reserve the right to invoice the
balance of the goods held in stock. If the order is accepted for manufacture by the Company
for deliveries to be called off by the buyer, then, failing collection by the buyer 30 days after
each delivery is due, the Company will be entitled to charge storage for goods remaining
uncollected, treat the title to the goods as having passed, and invoice for the
balance/contract.
LOSS OR DAMAGE OF GOODS
Any claims for shortages, or in respect of damage, cannot be entertained unless the
Company is notified in writing within three working days from receipt of goods. Damaged
goods should be retained unused for inspection by the Company. Any material found to be
defective will be credited or replaced free of charge but no claim for labour charges or
expenses or other consequential damaged will be allowed.
RETURNED GOODS
Goods conforming to the order and correctly supplied will not be accepted back for credit
except by prior arrangement, when the right is reserved to levy a handling charge to reflect
the additional administration and transport expenses incurred.
OWNERSHIP OF GOODS
A condition of sale is that the goods supplied remain the property of the Company until
payment therefore is received in full and right of access to remove them wherever situated is
reserved at all times. The Company conditionally permits the buyer to resell the goods, and
such resale of goods in which the property has not passed to the buyer, shall be made by the
buyer acting as agent for the Company. The buyer shall keep any proceeds of re-sale
separate and in trust for the Company to the full extent of all sums owing to the Company.
PRICE ADJUSTEMNTS
The Company reserve the right to adjust existing prices, at one months notice, should our
costs be affected by circumstances beyond our control (i.e. raw material costs, currency realignments,
fuel costs, etc.)
DELIVERIES
Delivery dates are estimated and not guaranteed. The right to over deliver or under deliver up
to 10% of any order where such practice is customary in the trade.
PAYMENT METHODS
We prefer to receive customer remittances by BACS Bank Transfer direct to our account. We
can also offer settlement by Company Purchase and major credit and debit cards.
Acceptance of the Company’s goods and/or credit facilities constitutes the customers
agreeing to the above “Terms of Trading”.
The contract will be deemed to have been made in England and shall be governed in all
aspects by English law. The buyer shall submit to the jurisdiction of the English courts.
To open an account with Pensteel Limited please e-mail us at “sales@pensteel.co.uk”