1. Any account not paid within the time specified on the invoice, or within seven (7) days of delivery will be liable for interest at the rate of 15% per annum, and such interest will be added to the account (capitalized) at the end of each month and form part of the principal debt.
2. Any account outstanding for more than sixty (60) days will be liable to meet in full the sellers debt recovery, legal cost and / or commissions and internal accounting charges (recovery fees) and such recovery fees will be added to the buyers account and form part of the principal debt.
3. Title of any goods purchased does not pass at law until payment in full of the account to which the goods relate.
4. Acceptance of our goods, services or quotation is automatic acceptance of these terms and conditions.