Industrial World Online Terms and Conditions

1. General

a)    The following Terms & Conditions apply to all products, services and quotations supplied by Industrial World Pty Ltd.


b)    In the event of any conflict between these Terms & Conditions and those which may be included in, or implied by, any document forming part of a purchaser enquiry, specification, order, or contract, then these Terms & Conditions shall prevail.


c)    Acceptance of goods is acceptance of above terms. No other Terms and Conditions as implied by customer order, etc. will be considered unless accepted in writing by the Management of Industrial World Pty Ltd.


2. Limitation of Liability

a)    Written quotations are valid for thirty (30) days from date of quotation and thereafter are subject to confirmation in writing by Industrial World Pty Ltd before acceptance.


b)    All prices are subject to market fluctuations and prices charged will be those ruling at the date of despatch of goods. Prices are subject to revision without notice.


c)    Goods and Services Tax will be charged where applicable.


d)    Terms of payment are STRICTLY THIRTY (30) DAYS to approved purchasers. Payment must be received by Industrial World Pty Ltd by the last working day of the calendar month following the month of invoice. Failure to pay the account by the due date may result in credit facilities being suspended until the total amount owing is paid.


e)    Industrial World Pty Ltd reserves the right to vary the terms of payment for whatever reason, or to require payment in full prior to delivery.


f)    Freight charges for return of goods will not be accepted by Industrial World Pty Ltd. Goods incorrectly ordered will only be credited if the source supplier will accept same for credit. Goods must be in original condition and could or may be subject to both a handling charge and minimum restocking fee of 15%.


3. Delivery

Whilst Industrial World Pty Ltd will use its best endeavours to ensure delivery by the date/time requested it will not be liable for any costs or charges due to late or nondelivery, regardless of the circumstances. All goods despatched by road, rail or purchaser's carrier are at the purchaser's risk and Industrial World Pty Ltd will be under no obligation to insure goods in transit.


4. Risk and Title

a)    The purchaser agrees and acknowledges that title to all products remains with Industrial World Pty Ltd until full payment is received by Industrial World Pty Ltd.


b)    The purchaser warrants that it will, until title of the products is transferred to the purchaser:

i.    Protect the products from any loss, theft or damage;

ii.    Keep the products in good condition;

iii.    Use the care of a cautious and prudent owner to keep the products in working order;

iv.    Comply with all requirements of the law relating to the products or possession or ownership of the products.


c)    Until title to the products transfers to the purchaser, the purchaser must;

i.    Enable the products to be readily identified as Industrial World Pty Ltd property and cross reference to particular invoices;

ii.    Not supply, dispose of or sell the products to any person other than in the ordinary and usual course of the purchaser’s business;

iii.    On 24 hours notice from Industrial World Pty Ltd, allow Industrial World Pty Ltd to enter the premises where the products are stored to inspect the products and provide Industrial World Pty Ltd when required, consent of any party whose consent is required for that entry;

iv.    Keep records that relate to the products separately identifiable and rarely distinguishable from those that relate to any other goods or stock in the purchaser’s possession;

v.    Hold the products as bailee of Industrial World Pty Ltd, in respect of which each party acknowledges a fiduciary relationship exists between them;

vi.    Not allow any person to have or acquire any security in respect of the products;

vii.    Keep the products insured against theft, damage and destruction (if the purchaser fails to insure the products, Industrial World Pty Ltd may do so and the purchaser must reimburse Industrial World Pty Ltd for the cost of the insurance).


d)    If the purchaser fails to pay any or all of the total indebtedness to Industrial World Pty Ltd Ltd under the Terms and Conditions, Industrial World Pty Ltd may without notice to the purchaser and without prejudice to any of its rights and remedies;

i.    Recover and or sell the products or may enter upon the purchaser’s premises for that purpose;

ii.    Recover any difference between the sale of the products and the price payable by the purchaser for those products.


5. Personal Property Securities Act

a)    Title to the products remains with Industrial World Pty Ltd until all money due by the purchaser is paid in full.


b)    The purchaser consents to Industrial World Pty Ltd registering its rights under this Agreement pursuant to the Personal Property Securities Act 2009 (C’th) (“PPSA”).


c)    The purchaser acknowledges that following the commencement of the PPSA, the following provisions apply to these Terms and Conditions:

i.    The purchaser agrees that Industrial World Pty Ltd has a security interest, for the purposes of the PPSA, created under the Terms and Conditions in relation to the products and services supplied to the purchaser.

ii.    The purchaser agrees to treat the security interest as a continuing and persisting interest in the products, with priority over any registered or unregistered general (or other) security and any unsecured creditor, even if the products become fixtures or accessions before pay in full and that

iii.    security interest secures all money owing to Industrial World Pty Ltd under these Terms and Conditions or otherwise;

iv.    The purchaser agrees to grant Industrial World Pty Ltd, a Purchase Money Security Interest (PPSI) and agrees that the PPSI granted will continue to apply to any products coming into existence or proceeds of sales of products coming into existence;

v.    The purchaser agrees and acknowledges that the PPSI has attached to all the products supplied by Industrial World Pty Ltd to the purchaser.


d)    The purchaser agrees and acknowledges that Industrial World Pty Ltd has the right to register a financing statement in respect of the products and agrees to sign any further documents and provide any further information, such information to be complete, accurate and current in all respects, that Industrial World Pty Ltd reasonably requires, to register a financing statement and to register its security interest with the priority that Industrial World Pty Ltd requires, and to maintain those registrations.


e)    The parties agree that neither will disclose to “interested persons” (as defined in Section 275(9) of the PPSA) or any other person, any information of the kind described in Section 275(1) of the PPSA).


f)    The purchaser waives its right to receive any notice under the PPSA (including a notice of verification statement) unless the notice is required by the PPSA and that the requirement cannot be excluded. 


6. Returns

a)    Industrial World Pty Ltd will not accept any items returned for credit without prior approval. Any claims for credit for return of goods must be in writing within ten (10) days of product being despatched by Industrial World Pty Ltd. All claims must state Invoice No/Delivery Docket No/date of return and reason for return.


b)    The following goods cannot be returned for credit:

i.    Any merchandise specially cut to size;

ii.    Any goods specially made, plated or otherwise treated for the purchaser;

iii.    Any goods damaged or altered in any way by the purchaser.


c)    Acceptance of delivery of goods returned for credit does not signify an agreement to issue a credit note. All goods are covered by such warranty and trading terms as is specified by the manufacturer.


7. Disclaimer

a)    Industrial World Pty Ltd does not act as a consultant in the use of products not manufactured by Industrial World Pty Ltd nor does Industrial World Pty Ltd accept responsibility for advice and information contained in its published literature or given by its staff for the result obtained by the purchaser in relation to such products.


b)    In respect of such advice or information or results the purchaser is referred to and should verify all information with the actual manufacturer. If the purchaser relies upon such advice or information it is entirely at the purchaser's own risk and Industrial World Pty Ltd will not be liable for any loss or damage suffered, notwithstanding any want or care on its part in compiling or giving any advice or information and in no circumstances will a claim against Industrial World Pty Ltd be allowed for any indirect or consequential loss or damage or for any expenses incurred in the use of any goods supplied by Industrial World Pty Ltd to the purchaser or in accordance with the purchaser's direction.


8. Limitation of Liability

Industrial World Pty Ltd shall not incur any liability, nor shall any right accrue to the purchaser by reason of any misrepresentation arising from either printing or clerical errors, statements in oral written or in any other form by Third Parties, or oral statements not confirmed by Industrial World Pty Ltd in writing.