Payment Terms

Trade customers only

These Payment Terms apply to trade customers only and supplement the Terms & Conditions of Sale of Vale Mill (Rochdale) Limited.

If there is any inconsistency between these Payment Terms and the Terms & Conditions of Sale, the Terms & Conditions of Sale shall prevail.

All prices are exclusive of VAT unless stated otherwise.

Upfront payment and trade accounts

Unless a trade credit account has been approved by Vale Mill (Rochdale) Limited, payment in full is required in advance of dispatch.

The submission of an order does not constitute approval of a credit account. Credit facilities are only available where expressly agreed in writing by Vale Mill (Rochdale) Limited.

Invoicing

Where payment in advance is required, goods will be invoiced and dispatched only once cleared funds have been received.

Where a trade credit account has been approved, Vale Mill (Rochdale) Limited will invoice the buyer for goods on or after delivery, unless otherwise agreed in writing.

Where goods are collected by the buyer, or where the buyer fails to take delivery when tendered, Vale Mill (Rochdale) Limited reserves the right to invoice once the goods are available for collection or delivery has been attempted.

Credit terms

Approved credit terms will be confirmed in writing and shown on the invoice.

Payment must be made in full within the agreed credit period. Time for payment is of the essence.

The buyer is not entitled to withhold payment, make deductions, or set off any amounts against invoices unless expressly agreed in writing.

Late payment

If payment is not received by the due date, Vale Mill (Rochdale) Limited reserves the right to charge interest on overdue amounts at a rate of two percent per annum above the base rate of National Westminster Bank plc, accruing daily until payment is made in full.

Vale Mill (Rochdale) Limited may also suspend further deliveries, place the buyer’s account on stop, or require payment in advance for future orders.

Withdrawal of credit

Vale Mill (Rochdale) Limited may review a buyer’s creditworthiness at any time and may withdraw or amend credit facilities without notice.

If credit facilities are withdrawn, all outstanding amounts shall become immediately due and payable, and no further goods will be supplied except against cleared funds.

Payment methods

Accepted payment methods may include bank transfer, card payment, pro-forma payment or other methods as agreed from time to time.

Vale Mill (Rochdale) Limited reserves the right to amend or withdraw available payment methods at its discretion.

Retention of title

Title to the goods shall not pass to the buyer until Vale Mill (Rochdale) Limited has received payment in full, in cleared funds, for those goods and for all other sums due from the buyer under any contract.

Risk in the goods passes in accordance with the Terms & Conditions of Sale.

Governing terms

These Payment Terms should be read in conjunction with the Terms & Conditions of Sale of Vale Mill (Rochdale) Limited, which govern all trade sales and set out the full legal position in relation to pricing, payment, delivery, risk and title.