Terms & Conditions
Payment on credit accounts is strictly due as follows:
(i) 7-Day Accounts – by Friday of the week following delivery.
(ii) Monthly Accounts – by the 20th of the month following delivery.
I/We understand that where accounts are not settled by due date, unless by arrangement or there is a query/dispute, RESO FINE FOODS LIMITED (hereafter RESO) reserves the right to withhold credit facilities without notice until the account is settled in full.
RESO will provide the customer with credit on their account only so long as we remain satisfied with the customer’s financial standing and creditworthiness. RESO has sole discretion to cancel the customer’s credit without notice at any time.
Penalty interest may be charged on all overdue monies at the rate of 2.5% per month calculated daily from the date upon which payment should have been made up to and including the date upon which payment is made and charged to the customer’s account. The charging of penalty interest does not constitute an extension of the due date for payment, nor does the charging of such interest constitute a forbearance to sue for or seek recovery of the overdue monies by any other legal process.
I/We acknowledge that failure to pay on or by due date for the purchase of goods will constitute a default and RESO will be free to immediately exercise any or all of its remedies in respect of such a default.
RESO shall be entitled to reimbursement for all costs and/or expenses incurred by instructing a solicitor and/or debt collection agency to recover amounts overdue for payment on the customer’s account. Such costs and/or expenses shall bear interest at the rate of 2.5% per month calculated daily from the date they are incurred up to and including the date they are reimbursed.
Ownership of goods will only be transferred from RESO to the customer when they have met all that is owing to RESO, no matter on what grounds. If the customer fails to make payment RESO shall be entitled to retake possession and recover any deficiency on resale.
Goods are the customer’s risk from delivery which shall be deemed to have occurred as soon as the goods leave RESO’s premises, and we shall not be liable for loss or damage in transit.
A freight or postage charge, where incurred, will be charged additional to the cost of purchases at each consignment.
I/We acknowledge that the extent of RESO’s liability shall be to replace defective goods only and we shall not be liable for consequential loss. Where goods are proven defective, the liability of RESO is strictly limited to replacing the goods or crediting the customer with an amount not exceeding the price charged for the defective goods. Returns must be within 7 days of the sale and must be agreed beforehand with RESO in writing.
I/We acknowledge that once orders have been received by RESO they are not subject to cancellation or variation for whatsoever reason. Unless cancellations or variations are accepted and agreed by RESO in writing, the customer will be held to their original order and consequent charge at the prices quoted. If a cancellation or variation is accepted by RESO, the customer shall be liable to refund RESO all reasonable costs and expenses incurred, including those of any involved overseas suppliers, in fulfilling the order up to the date of cancellation or variation.
The appropriate invoice number and date must be stated in any request for credit. A 10% handling charge will be applied on returned items.