Terms and Conditions
(a) These terms and conditions govern any contract for the sale of goods by the Company, whether arising from:
(i) A company offer accepted by the purchaser; or
(ii) A purchaser's offer accepted by the Company, including responses to Company quotations.
(b) Alterations or variations to these terms are valid only if agreed upon in writing and signed by an authorized Company representative.
(c) The price of goods is determined by the Company's official list price on the delivery date.
Payments
(a) The purchaser shall pay the contract price:
(i) In Namibian currency at the Company's designated address.
(ii) Without deduction or set-off upon invoice presentation unless otherwise agreed in writing.
(b) Installment delivery requires separate invoicing and payment as per (a).
(c) Overdue amounts may incur interest as permitted by applicable law.
(d) Payments may be allocated at the Company's discretion to any outstanding liabilities.
Discounts
(a) Contract prices are net unless otherwise agreed in writing.
(b) Agreed discounts are contingent upon timely payment and calculated on net goods price.
Delivery
(a) Goods are delivered at the Company's premises.
(b) The purchaser arranges transportation from the Company's premises.
(c) Delivery completion occurs upon handing goods to the purchaser or agent before loading.
(d) Company assumes no responsibility post-delivery.
(e) Carrier engagement at purchaser's request indemnifies the Company.
(f) Delivery obligation is subject to specified conditions precedent.
(g) Time is not of the essence.
(h) Failure to take delivery on the due date transfers risk to the purchaser.
Ownership
Ownership remains with the Company until full payment.
Risk
Except as in 4(h)(i), risk transfers upon goods leaving the Company's premises or delivery.
Exclusions
(a) Technical data provided do not form part of the contract unless expressly warranted in writing.
(b) Purchaser claims related to supplied specifications are waived.
(c) Company is exempt from certain damages or claims.
(d) Company, servants, agents, or subcontractors are subject to specified exemptions.
(e) Force majeure exempts Company from obligations.
(f) Except for written warranties, Company disclaims certain liabilities.
Permits
Contract effectiveness depends on Company obtaining required permits.
Suspension of Company's Obligations
Non-payment triggers specified actions by the Company.
Cancellation
(a) Company may cancel for specified reasons.
(b) Company rights are additional to contractual rights.
Proper Law
Namibian law governs the agreement.
Jurisdiction
(a) Company may pursue legal action in designated Namibian courts.
(b) Non-resident purchasers submit to Namibian court jurisdiction.
Negotiable Instruments
Received instruments do not novate debts; purchaser waives certain rights.
Interpretation
Headings are for convenience; they do not affect interpretation.
Limited Deed of Suretyship and Indemnity
Suretyship Details
Detailed obligations and liabilities between Surety and Creditor.
Discretionary Powers
Creditor retains discretionary rights regarding actions against the Debtor.
Liability Limitation
Surety's liability is limited to specified amounts.
Indemnity
Surety indemnifies the Creditor against losses.
Waivers
Surety waives certain rights under specified acts.
Successor Liability
Waivers and agreements extend to successors.
Prescription Waiver
Surety waives prescription defense.
Admissions
Debtor admissions bind Surety.
Cancellation
Written consent is required for cancellation.
Legal Proceedings
Creditor may pursue legal action at its discretion.
Insolvency
Creditor's rights in case of debtor insolvency.
Collateral Security
Surety cedes rights as collateral.
Enforcement
Surety agrees to take necessary actions at Creditor's request.
Prior Cession
Surety cedes reversionary rights to the Creditor.
Jurisdiction
Surety consents to Namibian court jurisdiction.
Certification
Creditor's certificate of indebtedness is prima facie evidence.
Variation
No variation without written agreement.
Separate Suretyships
Independent suretyships are established.
Surety Obligation
Obligations of other sureties remain if one fails to sign.
Address for Notices
Designated addresses for all notices.