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Terms and Conditions

Arrow Farmquip (operating as Arrowquip) - Terms and Conditions of Sale

1. INTERPRETATION

Reference in these terms to:-

(a) "ACL" means the Australian Consumer Law as set out in Schedule 2 of the Competition and Consumer Act 2010 (Cth).

(b) "Allocation" means the allocation of particular Goods to an order placed by You.

(c) "Arrowquip" means Arrow Farmquip Pty Ltd ACN 111 970 033 ABN 52 947 348 648 and its successors and assigns.

(d) "Goods" or "Services" refers to goods or services supplied by Arrow Farmquip to You.

(e) "PPSA" means the Personal Property Securities Act 2009 (Cth).

(f) "You" means the person supplied with Goods or Services.

Terms used in these Terms and Conditions which have defined meanings in the PPSA or ACL have the same meanings in these Terms and Conditions.

2. PRICE

2.1 The "price" of Goods and/or Services will be the then current price as determined by Arrow Farmquip (operating as Arrowquip) and notified to You.

2.2 All prices are GST exclusive. GST is payable by You in addition to the price at the same time as the price is payable.

2.3 The price of Goods is exclusive of freight and delivery charges.

3. LIABILITY

Where You comprise more than one person, each such person shall be jointly and severally liable to Arrow Farmquip (operating as Arrowquip) under these Terms and Conditions.

4. PAYMENT

4.1 Unless otherwise agreed by the parties in writing payment shall be made by You within 30 days from the date of invoice.

4.2 Arrow Farmquip (operating as Arrowquip) reserves the right to recover from You a default charge on overdue amounts over 90 days from date of invoice, calculated on a daily basis at the rate 21% per annum from the date of invoice upon the outstanding balance of the price and payable by way of liquidated damages for breach of contract.

4.3 You must pay all costs and expenses (on a solicitor/client basis) reasonably incurred by Arrow Farmquip (operating as Arrowquip) arising out of any breach by you of these Terms and Conditions.

5. SUPPLY

5.1 Every endeavour will be made by Arrow Farmquip (operating as Arrowquip) to supply the Goods and/or Services within the period, if any, requested by You but no liability is accepted by Arrow Farmquip (operating as Arrowquip) for delay in delivery or non-delivery.

5.2 Arrow Farmquip (operating as Arrowquip) reserves the right at its discretion to discontinue supply to You at any time.

6. RISK

6.1 Risk in the Goods shall pass to You upon Allocation by Arrow Farmquip (operating as Arrowquip) or its third party supplier if applicable. You are responsible to insure the Goods from the time of Allocation.

6.2 Without limiting the generality of the previous subclause, You bear all risk in transit/carriage of the Goods after Allocation irrespective of whether such transit/carriage is arranged by You, Arrow Farmquip (operating as Arrowquip) or applicable third party supplier.

6.3 Arrow Farmquip (operating as Arrowquip) shall notify You of Allocation and within 24 hours of that notification You must give instructions for the delivery or collection of the Goods.

7. EXAMINATION & RETURNS

7.1 You are responsible for examination of the Goods upon delivery or collection. Any alleged damage, deficiency or non-conformity with order must be reported as soon as reasonably possible and You must allow Arrow Farmquip (operating as Arrowquip) to inspect the Goods as soon as practical.

7.2 Goods which are not subject to defect or non-conformity with order will not ordinarily be accepted for return but should Arrow Farmquip (operating as Arrowquip) elect (at its discretion) to accept a return You will be notified of any applicable restocking, handling, freight or other charges that will apply.

8. TITLE AND TRANSFER

8.1 Title in Goods shall remain with Arrow Farmquip (operating as Arrowquip) until You have paid all monies due to Arrow Farmquip (operating as Arrowquip) on any account whatsoever. Until that time You must

8.1.1 At all limes ensure that Goods are marked in a way that will enable their identification as property of Arrow Farmquip (operating as Arrowquip);

8.1.2 Except as mentioned in clause 8.2 not purport to mortgage, charge, transfer, convey or otherwise deal with Goods without the prior consent of Arrow Farmquip (operating as Arrowquip);

8.1.3 At all times allow Arrow Farmquip (operating as Arrowquip) access to Goods to inspect them and to re-take possession at its discretion and indemnify Arrow Farmquip (operating as Arrowquip) against all claims whatsoever (including claims of trespass) arising out of the exercise or purported exercise of rights under this clause;

8.1.4 Insure Goods; and

8.1.5 Account to Arrow Farmquip (operating as Arrowquip) for all proceeds of Goods including any insurance proceeds.

8.2 You shall be entitled to sell or consume Goods in the ordinary course of your business subject to -

8.2.1 In the case of a sale of Goods You must hold the proceeds of sale on trust for Arrow Farmquip (operating as Arrowquip); and

8.2.2 Your right to deal with Goods shall cease automatically if You-

(a) breach any provision of these conditions of sale;

(b) cease to or threaten to cease to carry on your business; or

(c) become the subject of any form of insolvency administration whether formal or informal

9. PPSA

9.1 You hereby grant to Arrow Farmquip (operating as Arrowquip) a Security Interest in all present and after acquired Goods and their proceeds (including any accounts and accessions) to secure all monies owing to Arrow Farmquip (operating as Arrowquip) now and/or in the future by You.

9.2 You agree that:

(a) Arrow Farmquip (operating as Arrowquip) will continue to hold a Security interest in the Goods in accordance with the PPSA, notwithstanding that the Goods may be processed, commingled or become an accession with other Goods;

(b) You will do all the things necessary to enable Arrow Farmquip (operating as Arrowquip) to perfect and maintain its security interest including providing all information Arrow Farmquip (operating as Arrowquip) requires to register a Financing Statement or Financing Change Statement on the Personal Properties Securities Register ("PPSR") as a Security Interest and a Purchase Money Security Interest pursuant to the PPSA;

(c) You will not change your name, ACN or ABN or other details required on the PPSR, without first notifying Arrow Farmquip (operating as Arrowquip);

(d) Arrow Farmquip (operating as Arrowquip) need not give You any notice required under the PPSA unless the requirement to give notice cannot be excluded;

(e) You must pay any and all costs, expenses and other charges incurred, expended or payable by Arrow Farmquip (operating as Arrowquip) in relation to the filing, discharge or necessary amendment of any Financing Statement or Financing Change Statement;

(f) You will not allow security interests to be created or registered over the Goods in priority of the security interest(s) held by Arrow Farmquip (operating as Arrowquip);

(g) To the extent the law permits them to be excluded Sections 95, 118, 121(4), 125, 130, 132(3)(d), 132(4), 135,142 and 143 of the PPSA shall not apply.

10. CONSUMER GUARANTEES

10.1 If Goods and/or Services are supplied to You as a Consumer, the ACL provides for You to have the benefit of consumer guarantees which cannot be excluded. You will be entitled to a replacement or refund for a major failure and for compensation for any other reasonably foreseeable loss or damage. You will also be entitled to have goods and/or services repaired, replaced or re-supplied if they fail to be of acceptable quality and the failure does not amount to a major failure.

10.2 To the extent permissible by law, the liability of Arrow Farmquip (operating as Arrowquip) in respect of a breach of a consumer guarantee or any warranty made under these Terms and Conditions for any Goods and/or Services not of a kind ordinarily acquired for personal, domestic or household use is limited at the option of Arrow Farmquip (operating as Arrowquip).

In the case of Goods to -

(a) replacing Goods or the supply of equivalent Goods;

(b) the repair of the Goods;

(c) the payment of the cost of replacing Goods or of acquiring equivalent Goods; or

(d) the payment of the cost of having Goods repaired

In the case of Services to -

(a) the supplying of the Services again; or

(b) the payment of the cost of having the Services supplied again

10.3 To the extent permitted by law, all other warranties whether implied or otherwise, not set out in these Terms and Conditions are excluded and Arrow Farmquip (operating as Arrowquip) is not liable in contract, tort (including, without limitation, negligence or breach of statutory duty) or otherwise to compensate You for:

(a) any increased costs or expenses;

(b) any loss of profit, revenue, business, contracts or anticipated savings;

(c) any loss or expense resulting from a claim by a third party; or

(d) any special, indirect or consequential loss or damage of any nature whatsoever; arising out of the Arrow Farmquip (operating as Arrowquip) supply of Goods and/or services to You or caused by Arrow Farmquip (operating as Arrowquip)'s failure to provide or delay in providing Goods and/or Services.

10.4 To the extent permitted by law, You acknowledge that:-

(a) Arrow Farmquip (operating as Arrowquip) shall not be responsible for damage or fault in performance arising out of incorrect or inappropriate operation or use of the Goods by You.

(b) You have not relied upon any representation made by Arrow Farmquip (operating as Arrowquip) which has not been made in writing as an express term of any relevant agreement for the supply of Goods or Services or upon any descriptions or illustrations or specifications contained in any catalogue or advertising material supplied by Arrow Farmquip (operating as Arrowquip).

(c) You have relied entirely upon your own evaluation of Goods or Services and Arrow Farmquip (operating as Arrowquip) gives no warranty as to fitness for purpose for your intended application.

(d) It is your responsibility to ensure that You and any other user of Goods understands and follows all safety rules, precautions and instructions. Any applicable manual is available for download from arrowquip.com.au.

(e) If the Goods or Services (or any part thereof are supplied to Arrow Farmquip (operating as Arrowquip) by a third party supplier, any warranty available to You in relation to those Goods or Services (or part there of if applicable) shall be limited to the redress of Arrow Farmquip (operating as Arrowquip) against the third party supplier in respect of any alleged fault or defect therein.

(f) Freight in all warranty claims is payable by You and any applicable warranty registration must be current for warranty claims to be considered.

11. REVIEW & SEVERANCE

11.1 Arrow Farmquip (operating as Arrowquip) reserves the right to review these Terms and Conditions from time to time. You will be notified of any change by facsimile or email and such revised Terms and Conditions will apply to all Goods or Services supplied to You after such notification.

11.2 If any provision of these Terms and Conditions is invalid or unenforceable for any reason, that provision will be severed and will not affect the legality or enforceability of the remaining Terms and Conditions.