Terms of Trading

1. Prices charged are those ruling on the date of despatch and are subject to change without notification.

2. VAT will be applied at the appropriate rate on dutiable items.

3. No claims will be entertained, unless made in writing within Two days of receipt of the goods.

4. RETENTION OF TITLE

a) The products shall remain the sole and absolute property of the Company and the Customer is in possession of the Products solely as bailee, until such time as the Customer shall have paid to the Company the agreed price.

b) Until such time as the Customer becomes the owner of the Products, the Customer will store them on its premises separately from the Customer's other products or those of any third party and in a manner, which makes them readily identifiable as the Products of the Company.

c) The Customer's right to possession of the Products shall cease if he, not being a company, commits an available act of Bankruptcy or if it, being a company, does anything or fails to do anything which would entitle a Receiver to take possession of any assets or which would enable any person to present a petition for winding-up or takes any steps to appoint an administrator or to voluntarily wind up the company. The Company may for the purpose of recovery of its Products enter upon any premises where they are stored or where they are reasonably thought to be stored and may repossess same.

d) Subject to the terms hereof the Customer is licenced by the Company to agree to sell the Company's Products subject to the express condition that such an agreement to sell shall take place as bailee for the Company whether the Customer sells on his own account or not and that the entire proceeds thereof are held in trust for the Company and are not mingled with monies or paid into any overdrawn bank account and shall be at all times identifiable as the Company's monies.

e) If, before they are paid for in full, any of the Products undergo processing and/or are mixed with other materials, the processed Products shall be and will remain the property of the Company and the Customer will hold the Products (stored according to clause b above so far as possible) and any rights arising from any sale of the Products on behalf of the Company. The proceeds of any sale will be held on trust by the Customer and applied in paying to the Company the price of the Products incorporated into the processed product on demand or at the due time for payment, whichever is the earlier, and the balance (if any) will belong to the Customer.

f) Once the Products have been disposed of by the Customer pursuant to clause d above and until the Customer has received full payment for the Products, the Company shall have the right to take such action against the Customer's customer as it shall deem fit (including but not limited to the right to call upon the Customer to assign to the Company the debt owed to the Customer by its customer).

g) The insurable risk in the Products shall pass to the Customer on delivery and pending disposal the Customer shall keep the Products insured in the amount of the Customer's sale price thereof against all insurable risks.

5. PAYMENT TERMS

a) Payment of statement should be made to Bako North Western Ltd., 74 Roman Way Industrial Estate, Longridge Road, Preston PR2 5BE by the 21st of the month following delivery, on the remittance slip provided.

b) We reserve the right to withdraw credit facilities and/or supply of goods should the terms of payment not be adhered to. If any one invoice falls overdue, all outstanding invoices fall due for payment forthwith.

c) Uncleared cheques and Direct Debits will attract a charge of £15.00 + VAT per representation.

d) We reserve the right to charge interest at the rate of 2.5% on all accounts falling overdue at the end of the month after the month following delivery.

Bako North Western Ltd. , 74 Roman Way Industrial Estate, Longridge Road, Preston, Lancs. PR2 5BE.

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