TERMS & CONDITIONS OF PREMIER EXPORTS LONDON LTD

Pricing and Payment

The price quoted and invoiced is exclusive of VAT (unless otherwise stated). At any time before the loading and the delivery of goods, Premier Exports London Ltd (the "Seller") retains the right to adjust the price to reflect any increase in our cost of supplying the goods with full notification to the Customer (the "Buyer"). Payment Terms: 30% advance and 70% balance after shipment (before release of original documents) Payment of the full invoiced amount should be made strictly before the release of the final documents, unless otherwise stated under payment terms on the invoice. All the deductions related to any shortages, damages, contra are subject to prior approval in writing from the Seller's Account Manager. In exceptional circumstances, the Seller may accept a Letter of Credit. Prices are valid for 7 days only and may change without prior notice. If payment is not made in full before the due date (as indicated under payment terms on the invoice),the Seller can:

1. Suspend or cancel any future deliveries.
2. Charge a penalty fee of 2.5 % per each calendar month from the date of the issued invoice until the date full payment is received.
3. Recover the goods & the cost of taking necessary legal action.

All Bank Charges incurred for the incoming payment (accounts receivable) must be paid by the Buyer, until all the bank charges are paid documents will not be released. Release of the container will only be actioned once funds have credited the Seller's bank and not when the payment copy has been sent by the Buyer. The release of the container can take up to 72 working hours depending on the shipping line. Buyer is responsible for any demurrages or fine caused due to late payments. Prior to the release, in addition to the clearing of the balance by the Buyer they should also leave a deposit as per point 1.3 in the account if there is a new order with the Seller. If the Buyer wants to make the payment in a different currency from the invoice currency, then it must be requested to the Seller via email. The Seller will provide the equivalent amount in the desired currency with the expiry date to avoid FX losses. If collection is arranged by the Buyer that are for the export market then the Buyer should provide proof of export as soon as the stock is exported. Failure to do so will result in VAT being reapplied to the invoice and will be due for payment. Deposit is forfeited if Buyer cancels the order and goods have been dispatched by the Seller's supplier. If payment is not received in full within 30 days after goods have been delivered, the Seller has the right to cancel the order and the Buyer will forfeit their deposit. Seller has the right to invoice the Buyer if they find that the Buyer has been under invoiced. Full supporting evidence such as loading photos, loading paperwork will be supplied with the additional invoice.

Goods and Delivery

Stock is subject to availability. The Buyer will be notified in relation to any changes. The Buyer shall be deemed to have accepted the goods once the order is placed. At no time thereafter can the Buyer reject and/or substantially amend the order All shortages, damages and short dated products must be notified and recorded immediately upon delivery, in writing, addressed to the Seller's Account Manager and will be subject to further internal examination & investigation. The goods remain the property of the Seller until fully paid.

Title and Risk

The legal title of goods shall pass only upon full payment of the invoiced amount to the Seller. All goods will remain the Seller's property until all debts owed by the Buyer, including any existing balances, are settled in full. Until all debts are settled, the Buyer must store the goods to be easily identifiable as the Seller's property. The Buyer must also insure the goods (against the risks for which a prudent owner would insure the goods) and hold insurance on trust for the Seller.

Dispute Resolution

If any disputes arise out of or in connection to any sale, the English Courts will have exclusive jurisdiction to deal with such claims. Any dispute arising out of any act or contract to which these conditions apply shall be subject to the exclusive jurisdiction of the English Courts. All business transacted under our standard conditions. Copy available on request. All risk insurance policies are recommended. For more information on our T&C's please email us on ar@premierexports.co.uk.

Undertakings

I/We personally guarantee to pay all outstanding invoices and charges on behalf of the Buyer in the event of non-payment/sale of business/bankruptcy or any other such reasons which will hinder payment of invoices to the Seller. I/We certify to accept personally, such liabilities and agree to pay all such dues with any accrued penalty and charges.