Terms Of Payment

For established trading accounts with credit facilities, the account must be paid within 30 days of receipt unless otherwise stated.

When payments are made contingent upon delivery, erection or test, and any of these stages are delayed to suit the Purchaser’s wishes or convenience, or by reason of unreadiness of the Purchaser, payments are to be made within the time in which they ordinarily would have been made had there been no such delays, the Goods being, if necessary, stored at the Purchaser’s risk and expense. 

Should the Purchaser delay in respect of any payment due to the Company, ABC Electric Service will have the right, in addition to all other rights at law, to charge interest on the overdue amount at a rate of 3% per annum above the overdraft rate payable by ABC Electric Service to its bankers at the time of and after the default and calculated from the due date of the account until the actual date of full and final payment. Payment will be credited first against interest accrued. 

ABC Electric Service may render partial invoices and require progressive payments. ABC Electric Service reserves the right to render invoices electronically and to receive payment by way of electronic funds transfer. Payment by credit or debit card, when permitted, is subject to credit card validation and authorisation both at the time of agreement and immediately prior to shipment and ABC Electric Service reserves the right to recover as a separate charge, any processing fees and other administration costs incurred in processing the credit or debit card transaction. 

ABC Electric Service reserves the right to suspend any further performance hereunder or otherwise in the event payment is not made when due. Where the Purchaser’s account is in arrears, ABC Electric Service may demand payment of the arrears as well as payment in advance for any undelivered Goods before proceeding with manufacturing or making any further delivery of Goods under these Terms of Sale. In such circumstances, ABC Electric Service may also defer or cancel any outstanding balance of an order and may enter the Purchaser’s premises or elsewhere as provided in clause 22. 

The Purchaser must make all payments due under these Terms of Sale without any set-off, counterclaim, deduction or condition unless ABC Electric Service otherwise agrees in writing. 

All payments must be made in Australian dollars.