These terms apply to approved trade customers purchasing goods from Drip & Sip Limited.
1. Application of terms
These Terms & Conditions apply to all trade sales by Drip & Sip Limited (Drip & Sip) to the Customer unless different terms are agreed in writing. Any accepted order, invoice, agreed pricing or approved credit arrangement forms part of the trade account relationship.
2. Delivery inspection, shortages and damaged goods
The Customer must inspect Goods promptly on delivery. Any shortage, incorrect product or damaged Goods must be notified to Drip & Sip within 48 hours of receipt, with photos or delivery records where reasonably available. If no notification is received within that period, the Goods will be treated as accepted, except for rights that cannot lawfully be excluded. After delivery, loss, theft or damage at the Customer's premises is the Customer's responsibility.
3. Invoice discrepancies
The Customer must notify Drip & Sip promptly, and preferably within 48 hours of receiving an invoice, of any discrepancy between the invoice and the Goods supplied. If no discrepancy is raised, the invoice will be treated as accepted as correct, subject to any rights that cannot lawfully be excluded.
4. Ownership of goods
Goods supplied on credit remain the property of Drip & Sip until the amount owing for those Goods has been paid in full. Risk in the Goods passes to the Customer on delivery or collection. The Customer must not knowingly dispose of unpaid Goods other than through its ordinary course of business.
5. Orders and minimum quantities
Orders are subject to acceptance and stock availability. Any minimum order or re-order quantity will be advised by Drip & Sip at the time of ordering. Drip & Sip may decline, reduce or delay an order where stock is unavailable or the Customer is outside its approved account terms.
6. Sale or return
Goods are not supplied on a sale-or-return basis unless this has been agreed in writing before supply. Where sale or return is agreed, unsold Goods must be returned within the agreed period and in saleable condition, or the Customer must pay for them in full.
7. Payment terms
Unless otherwise agreed in writing, payment is due on the 20th of the month following the date of the invoice. The Customer must pay each invoice in full by the due date. Drip & Sip may require payment before delivery or suspend further supply where an account is overdue or outside its approved credit limit.
8. Prices and GST
All trade prices quoted are exclusive of GST unless expressly stated otherwise. Freight, delivery and other applicable charges may be added where advised. Prices may change from time to time, but the price applying to an accepted order will be the price confirmed by Drip & Sip or shown on the invoice.
9. Overdue accounts and interest
Interest may be charged on overdue amounts at 2% per month, calculated from the due date until payment, to the extent permitted by law. Drip & Sip may place an overdue account on hold and require future orders to be paid in advance.
10. Collection and recovery costs
If an overdue debt is referred for collection or legal recovery, the Customer agrees to pay reasonable collection, legal and other recovery costs actually incurred by Drip & Sip in recovering the overdue amount, to the extent permitted by law.
11. Credit enquiries and information
The Customer authorises any person or company named as a trade reference, and any lawful business credit information provider, to provide Drip & Sip with information reasonably required to assess or manage the Customer's credit account. The Customer also authorises Drip & Sip to use relevant account information for credit assessment, account administration, invoicing, collection and debt recovery in accordance with applicable New Zealand law.
12. Liquor licensing and compliance
The Customer is responsible for holding all licences and approvals required for its business and for complying with laws relating to the purchase, storage, promotion, supply and sale of alcohol. The Customer must promptly advise Drip & Sip if a relevant liquor licence is suspended, cancelled, expires or materially changes.
13. Changes to account details
The Customer must promptly notify Drip & Sip of any change in legal entity, ownership, directors, trading name, delivery address or key contact details. Credit approval is not automatically transferable to a new owner or legal entity.
14. Suspension, variation and governing law
Drip & Sip may suspend or close a trade account where invoices are overdue, credit risk materially changes, or the Customer no longer meets applicable licensing or compliance requirements. Drip & Sip may update these terms by giving reasonable notice. These terms are governed by the laws of New Zealand and the parties submit to the jurisdiction of the New Zealand courts.
