Migomag Terms & Conditions of Sale

Last Updated 19 August 2021

These are the terms and conditions upon which the Seller (as named in section 1.1(q)(i) below) or as agents for Seller sell and quote for the sale of goods.

IMPORTANT NOTE TO BUYER:

By entering into a contract with the Seller for the purchase of goods, you acknowledge that you have read these terms and conditions, and are aware of the following key terms which may be prejudicial to you:

  • Responsibility for any charges or duties etc levied after the date of quotation or invoice are placed on the Buyer (clause 16);
  • The Seller is not liable for particular types of loss including indirect and consequential loss (clause 21(g));
  • The Seller’s total liability (except for its fraud or wilful misconduct) is limited to the value of the Purchase Price (clause 21(h)).

1. DEFINITIONS AND INTERPRETATION

1.1 Definitions

In these terms and conditions, unless the context otherwise requires:

  1. “Application” in relation to a Buyer means the Thirty Day Commercial Credit Account Application signed by the Buyer which refers to these terms and conditions.
  2. “Australian Consumer Law” means Schedule 2 of the Competition and Consumer Act 2010 (Cth)and the corresponding provisions of State Fair Trading legislation.
  3. “Buyer” means the Person named in the relevant Sales Invoice or Quotation.
  4. “Business Day” means a day other than a weekend or public holiday in the place which the goods are delivered.
  5. “Consumer” means a consumer as defined by Schedule 2 of the Competition and Consumer Act 2010 as amended from time to time.
  6. "Excluded Loss" means:
    1. in the case of loss or damage resulting from a breach of contract (including any contractual duty of care) loss of revenue; loss of profit; loss or denial of opportunity; loss of access to markets; loss of goodwill; loss of business reputation; loss arising from any business interruption; increased overhead costs and any indirect, remote or unforeseeable loss occasioned by that breach, whether or not in the reasonable contemplation of the Buyer and the Seller at the time of the Quotation, Sales Invoice or any delivery of goods as being a probable result of the relevant breach; and
    2. in the case of loss or damage arising from any tort (including negligence) which does not also constitute a breach of contract - indirect, remote or unforeseeable loss and, in the case of pure economic loss, loss not flowing directly from the commission of the tort.
  7. “Exclusive Goods” means any goods which are, at the Buyer’s request, embellished, embroidered, customised, printed, machined, cut-to-size or specifically ordered for the Buyer.
  8. “GST” means the goods and services tax as imposed by the GST Law together with any related interest, penalties, fines or other charge.
  9. “GST Amount” means any Payment (or the relevant part of that Payment) multiplied by the appropriate rate of GST.
  10. “GST Law” has the meaning given to that term in A New Tax System (Goods and Services) Act 1999, or, if that Act does not exist for any reason, means any Act imposing or relating to the imposition or administration of a goods and services tax in Australia and any regulation made under that Act.
  11. “Payment” means any amount payable under or in connection with a Quotation or Sales Invoice including any amount payable by way of indemnity, reimbursement or otherwise (other than a GST Amount) and includes the provision of any non-monetary consideration.
  12. “Person” includes an individual, the estate of an individual, a body politic, a corporation, an association (incorporated or unincorporated) and a statutory or other authority.
  13. “PPSA” means Personal Property Securities Act 2009 (Cth).
  14. “Purchase Price” means the price for the goods set out in the relevant Quotation or Sales Invoice.
  15. “Quotation” means the form of quotation submitted by the Seller to the Buyer in which these terms and conditions are deemed to be incorporated.
  16. “Sales Invoice” means the sales invoice issued by the Seller to the Buyer in which these terms and conditions are or are deemed to be incorporated.
  17. “Seller” in relation to any Quotation or Sales Invoice means:
    1. except as set out in (ii) below, Lawvale Pty Limited ABN 50 007 120 603 trading as MigoMag Welding Supplies;
    2. if in a Quotation or Sales Invoice a company referred to in (i) above is expressed to be acting as agent for a Person named in the Sales Invoice or Quotation then the Seller is that Person and the Buyer acknowledges that the Seller as named above acts only as the agent of that Person.
  18. “Tax Invoice” has the meaning given to that term by the GST Law.
  19. “Taxable Supply” has the meaning given to that term by the GST Law.

1.2 Interpretation

  1. Any special conditions specified on a Quotation or Sales Invoice shall, to the extent they are inconsistent with these terms and conditions, take precedence over these terms and conditions.
  2. Words importing the singular shall include the plural (and vice versa).
  3. If any provision of these terms and conditions is invalid and does not go to the essence of this agreement, these terms and conditions should be read as if that provision has been severed.

2. GOVERNING TERMS AND CONDITIONS

These are the only terms and conditions which are binding upon the Seller with the exception of those otherwise agreed in writing by the Seller or which are imposed by a statute such as the Competition and Consumer Act 2010 (Cth) and which cannot be excluded. Any direction by the Buyer either verbal or written to procure goods from the Seller will be deemed as acceptance by the Buyer of these terms and conditions, despite any provisions to the contrary in the direction or any purchase order issued by the Buyer.

3. TERMS OF PAYMENT

Payment to the Seller for goods delivered and accepted is due within 30 calendar days of the end of the month in which the Buyer is invoiced for the goods. If the Buyer fails to make payment in accordance with this clause, all amounts owing by the Buyer to the Seller named in the Sales Invoice or any other Seller on any account shall immediately become due and payable. Each outstanding amount shall bear interest at an annual rate of three (3) percent above the current Bank Bill Swap Reference Rate as quoted in the Australian Financial Review at the date the amount is due and payable or an equivalent rate determined by the Seller (acting reasonably) if this rate ceases to be published, is updated, suspended or discontinued three percent above the then current, Interest will be calculated on a daily basis from the day it falls due until the day it is paid. Any payment made by the Buyer shall be credited first against any interest that has accrued.

4. INSPECTION AND ACCEPTANCE

  1. Any timeframes quoted by the Seller for delivery of goods are estimates only. The Seller will use its reasonable endeavours to supply goods in the quantities specified in the relevant Contract.
  2. The Buyer shall inspect all goods upon delivery and shall, within seven (7) days of delivery, give notice to the Seller named in the relevant Sales Invoice or of any matter or thing by which the Buyer alleges that the goods are not in accordance with the Buyer’s order or these terms and conditions. Failing such notice, subject to any non-excludable condition implied by law, such as those in the Australian Consumer Law, the goods shall be deemed to have been delivered to and accepted by the Buyer.

5. RETURNS

Return of goods (other than in situations where the Seller is required to accept a return of goods under the Australian Consumer Law) must be approved by the Seller. These authorised returns must be freight prepaid and will only be accepted if they are in a saleable condition and (unless otherwise agreed with the Seller) the goods are returned within 14 days of supply. The Seller reserves the right to charge a handling fee of $10 or 10% of the price of the goods returned (whichever is greater) under this provision. The Seller will not accept the return of Exclusive Goods other than in situations where the Seller is required to accept a return of such goods under the Australian Consumer Law.

6. QUOTATIONS

  1. Unless previously withdrawn, a Quotation is valid for 30 days or such other period as stated in it. A Quotation is not to be construed as an obligation to sell but merely an invitation to treat and no contractual relationship shall arise from it until the Buyer’s order has been accepted in writing by the Seller which provided the Quotation.
  2. The Seller shall not be bound by any conditions attaching to the Buyer’s order or acceptance of a Quotation and, unless such conditions are expressly accepted by the Seller in writing, the Buyer acknowledges that such conditions are expressly negatived.
  3. Every Quotation is subject to and conditional upon obtaining any necessary import, export or other licence.

7. GST

The parties agree that:

  1. the Purchase Price is inclusive of GST;
  2. all other Payments have been calculated without regard to GST;
  3. each party will comply with its obligations under the Competition and Consumer Act 2010 (Cth) when calculating the amount of any Payment and the amount of any relevant Payments will be adjusted accordingly;
  4. if the whole or any part of any Payment is the consideration for a Taxable Supply (other than for payment of the Purchase Price) for which the payee is liable to GST, the payer must pay to the payee an additional amount equal to the GST Amount, either concurrently with that Payment or as otherwise agreed in writing.
  5. any reference to a cost or expense in these terms and conditions excludes any amount in respect of GST forming part of the relevant cost or expense when incurred by the relevant party for which that party can claim an Input Tax Credit; and the payee will provide to the payer a Tax Invoice.

8. PASSING OF PROPERTY AND RISK

  1. Goods supplied by the Seller to the Buyer shall be at the Buyer’s risk immediately upon delivery to the Buyer, into the Buyer’s custody or at the Buyer’s direction (whichever happens first). The Buyer shall insure the goods from the time of that delivery at its cost against such risks as it thinks appropriate.
  2. Title in the goods supplied by the Seller to the Buyer under these terms and conditions shall not pass to the Buyer until those goods and all other amounts owing or unpaid by the Buyer to the Seller on any account have been have been paid for in full.
  3. Until the goods have been paid for in full:
    1. the Buyer shall store the goods in a manner which shows clearly that they are the property of the Seller which supplied them; and
    2. the Buyer may sell the goods, in the ordinary course of its business, as agent for the Seller and shall account to the Seller for the proceeds of sale (including any proceeds from insurance claims). These proceeds must be kept in a separate bank account.
  4. The Buyer irrevocably authorises the Seller at any time to enter onto any premises upon which:
    1. the Seller’s goods are stored to enable the Seller to inspect the goods and/or reclaim the goods if the Buyer has breached these terms and conditions;
    2. the Buyer’s records pertaining to the goods are held to inspect and copy such records.
  5. The Buyer and the Seller agree that the provisions of this clause apply notwithstanding any arrangement under which that Seller grants credit to the Buyer.
  6. Each party consents to the other perfecting any security interest under this agreement which arises by operation of the PPSA in any property by registration under the PPSA and agrees to do anything reasonably requested by the other party to enable it to do so.
  7. The parties contract out of each provision of the PPSA which, under section 115(1) of that Act, they are permitted to contract out of, other than:
    1. sections 117 and 118 (relationship with land laws); and
    2. sections 134(1) and 135 (retention of collateral).
  8. Each party waives its right to receive each notice which, under section 157(3) of the PPSA, it is permitted to waive.
  9. Each party waives its rights to receive anything from any other party under section 275 of the PPSA and agrees not to make any request of any other party under that section.

9. SUPPLY

The Seller reserves the right to immediately suspend, cancel or discontinue the supply of goods to the Buyer without further notice to the Buyer where:

  1. the Seller reasonably suspects that the Buyer is in breach of these terms and conditions; or
  2. the Buyer is otherwise in breach of its payment obligations to the Seller,

and the Seller will not incur any liability to the Buyer in respect of such suspended, cancelled or discontinued supply.

10. PART DELIVERIES

The Seller reserves the right to make part deliveries of any order, and each part delivery shall constitute a separate sale of goods upon these terms and conditions. A part delivery of an order shall not invalidate the balance of an order.

11. INSTALLATION

The Seller’s Quotation or Sale Invoice is made on a supply only basis. Installation and commissioning (if any) is at the expense of the Buyer unless otherwise specified in writing by the Seller.

12. DIMENSIONS, PERFORMANCE DATA AND OTHER DESCRIPTIVE DETAILS

  1. All technical information (including photographs, drawings, illustrations, weights, dimensions and any other particulars accompanying, associated with or given in a Quotation, descriptive literature or a catalogue) is approximate only and, to the extent permitted by law, the Seller gives no warranty and makes no representation with respect to the correctness, compliance, adequacy or otherwise of that information. To the extent permitted by law, the Buyer agrees that it uses that information at its own risk.
  2. To the extent permitted by statute, any performance data provided by the Seller, a supplier or a manufacturer is an estimate only and is provided in good faith but without liability or responsibility on the part of the Seller and without the intention that the Buyer should rely on it.
  3. Unless agreed to the contrary in writing, the Seller reserves the right to supply an alternative brand or substitute product that has characteristics that are materially consistent with the goods offered when necessary. Substitution will not be given effect to until approval is received from the Buyer.

13. SHIPMENT AND DELIVERY

  1. Upon acceptance of an order by the Seller the Seller will seek confirmation of the period of shipment or delivery. If any variation has occurred in the quoted period, that Seller will notify the Buyer. Unless the Buyer objects in writing within 7 days of that notification to the Buyer, the period of shipment or delivery notified to the Buyer will be the contractual period for shipment or delivery.
  2. A delivery charge will apply to all deliveries with the exception of back order deliveries which are part of an original order that has been partly fulfilled.

14. MANUFACTURERS’ CHANGES

Where the Seller is acting as agent for a manufacturer or supplier, to the extent permitted by statute, the Seller (as defined in clause 1.1(q)(i)) shall not be liable for any alteration or variation in the goods made by this manufacturer or the supplier.

15. CURRENCY

Where goods are imported into Australia, any adverse variation in the price arising from fluctuation in exchange rates between the date of the Buyer’s order and the date of payment by the Seller will be to the Buyer’s account.

16. CONTINGENCIES

Any charge, duty, impost, sales tax or other expenditure which is not applicable at the date of Quotation or Sales Invoice but which is subsequently levied upon the Seller in relation to a Quotation or Sales Invoice as a result of the introduction of any legislation, regulation or governmental policy, shall be to the Buyer’s account.

17. CHARGES BEYOND POINT OF DELIVERY QUOTED

Unless otherwise agreed in writing, if the Seller prepays freight, insurance, custom and import duties (if any), landing and delivery charges and all other charges in connection with shipment and delivery of the goods, then any such charges shall be to the Buyer’s account. The Seller reserves the right to nominate the means of delivery.

18. FORCE MAJEURE

The Seller shall be excused from the performance or observance of any obligations of the Seller to the extent it’s performance or observance is prevented, restricted or affected by reason of a force majeure event including strike, lock out, industrial dispute, raw material shortage, breakdown of plant, transport or equipment, epidemic, pandemic, quarantine restriction, public health emergency, communicable disease outbreak (including the Covid-19 outbreak), measures or actions taken by any government or government body including, without limitation, in connection with bio-security, public health and importation of goods or any other cause beyond the reasonable control of the Seller, the Seller may, in its absolute discretion give notice of that cause to the Buyer.

19. DEFAULT OF BUYER

If these terms and conditions are not strictly observed by the Buyer, the Seller may in its absolute discretion, refuse to supply to the Buyer and the Seller shall not be liable to the Buyer for any loss or damage the Buyer may sustain as a result of such refusal. The costs of collection of any moneys are due and payable by the Buyer, including the fees of any mercantile agent or lawyer engaged by the Seller.

20. BUYER’S CANCELLATION

Unless otherwise agreed in writing, the Buyer shall have no right to cancel an order which has been accepted by the Seller. If a right of cancellation is expressly reserved to the Buyer, such right of cancellation must be exercised by notice in writing from the Buyer to the Seller not later than 7 days prior to the estimated date of shipment by the manufacturer or the Seller as the case may be. Unless otherwise agreed between the Buyer and Seller, upon cancellation prior to shipment any deposit paid by the Buyer shall be forfeited to the manufacturer or Seller (as the case may be). Despite the cancellation of any order for any reason, the Buyer must still purchase from the Seller any goods ordered by the Buyer which constitute Exclusive Goods (whether in store, in transit or being manufactured) which were procured or ordered by the Seller before such cancellation, unless otherwise agreed in writing by the Seller.

21. WARRANTY AND LIABILITY OF SELLER

  1. The Seller makes no express warranties or representations in respect of any goods or services supplied to the Buyer under these terms and conditions. Manufacturers of goods may, from time to time, provide a voluntary warranty directly to the Buyer in relation to goods supplied to the Buyer. The Buyer must address issues relating to a manufacturer’s warranty with the manufacturer on the terms of that warranty.
  2. Buyer shall immediately notify the Seller in writing of any defect in the goods supplied by the Seller. The Buyer shall not carry out any remedial work to allegedly defective goods without first obtaining the written consent of that Seller to do so. The provisions of this clause 21(b) do not constitute a warranty in relation to the quality or fitness of the goods, or require the Seller to repair or replace goods, or offer a refund in relation to goods, in circumstances other those set out in Australian Consumer Law (to the extent that the Australian Consumer Law applies to the goods).
  3. The Competition and Consumer Act 2010 (Cth) and the Australian Consumer Law guarantee certain conditions, warranties and undertakings, and give you other legal rights, in relation to the quality and fitness for purpose of consumer goods sold in Australia. These guarantees cannot be modified nor excluded by any contract. Nothing in these terms and conditions purports to modify or exclude the conditions, warranties, guarantees and undertakings, and other legal rights, under the Australian Consumer Law and other laws which cannot be modified or excluded. Except as expressly set out in these terms and conditions and the Australian Consumer Law, the Seller makes no warranties or other representations under these terms and conditions. The Seller’s liability in respect of these warranties, representations, undertakings and guarantees is limited to the fullest extent permitted by law.
  4. Without limiting clause 21(c), where the Seller sells goods to the Buyer, and the Buyer purchases them as a Consumer, then the Australian Consumer Law provides certain guarantees in relation to the goods. The rights of the Buyer buying goods as a Consumer include those set out in clause 21(e) below.
  5. The Seller’s goods come with guarantees that cannot be excluded under the Australian Consumer Law. The Buyer is entitled to a replacement or refund for a major failure and for compensation for any other reasonably foreseeable loss or damage. The Buyer is also entitled to have the goods repaired or replaced if the goods fail to be of acceptable quality and the failure does not amount to a major failure.
  6. To the extent permitted by statute, the liability, if any, of the Seller arising from the breach of any implied conditions or warranties, or failure to comply with a statutory guarantee under the Australian Consumer Law, in relation to the supply of goods other than goods of a kind ordinarily acquired for personal, domestic or household use or consumption, shall at the Seller’s option be limited to:
    1. the replacement of the goods or resupply of the goods by the Seller, or the cost of replacement or resupply of the goods; or
    2. the repair of the goods, or the cost of repair of the goods.
  7. Subject to clause 21(c), and to the extent permitted by law, the Seller shall not in any circumstances be liable to the Buyer under or in connection with these terms and conditions, or in negligence or any other tort or otherwise howsoever, as a result of any act or omission in the course of or in connection with the supply of the goods or performance of these terms and conditions, for or in respect of any Excluded Loss.
  8. Subject to clauses 21(d) to 21(g), and except in the case of fraud or wilful misconduct of the Seller, the total aggregate liability of the Seller, whether in contract, in tort (including but not limited to negligence), in equity, under any warranties or indemnities, by operation of statute or otherwise, will, to the extent permitted by law, be limited to the Purchase Price.
  9. The Seller makes no express warranties in relation to the suitability for any purpose of goods or materials supplied by the Seller.
  10. To the extent permitted by statute, all warranties, conditions and guarantees (whether express, implied or applied, and whether given by the Seller, the manufacturer or a third party) and any obligation of the Seller to repair or replace any goods are void in respect of any goods which the Buyer tampers with or alters.

22. ALTERATION TO CONDITIONS

The Seller may, from time to time, alter these terms and conditions without notice and with immediate effect once posted on the Seller’s website, provided that any variation to these standard terms and conditions will not apply to any:

  1. orders placed but not fulfilled prior to the date of such variation taking effect; or
  2. contract for a specified term that incorporates a version of these standard terms and conditions released prior to the variation.

23. VIENNA SALES CONVENTION

To the fullest extent permitted by law, the United Nations Convention on Contracts for the International Sale of Goods (Vienna 1980) known as the Vienna Sales Convention does not apply to the contract comprised by these terms and conditions nor do any of the terms and conditions express or implied by the Vienna Sales Convention form part of the contract.

24. GOVERNING LAW

These terms and conditions and any contract including them shall be governed by and construed in accordance with the laws of the State of New South Wales and the Seller and the Buyer submit to the non-exclusive jurisdiction of the Courts of New South Wales.

ADDITIONAL TERMS AND CONDITIONS APPLICABLE TO THE SUPPLY OF INDUSTRIAL GAS PRODUCTS AND ASSOCIATED RENTAL EQUIPMENT

25. APPLICATION, DEFINITIONS AND INTERPRETATION

These additional terms and conditions (“Additional Terms”) apply to all supplies of industrial gas products (and associated rental equipment or services) by the Seller. Unless otherwise noted, these Additional Terms apply in addition to, not to the exclusion of, the Conditions set out in clauses 1 to 24 above (Migomag Terms & Conditions of Sale). In addition to the terms already defined in Migomag Terms & Conditions of Sale, the following terms are given the meanings set out below in the Additional Terms, unless the context otherwise requires:

“Goods” refers to all goods supplied by or rented from the Seller including all forms of gas and Rental Equipment;

A person is “Insolvent” if:

it is (or states that it is) unable to pay its debts when they fall due;

it is bankrupt; or

it takes any step to obtain protection or is granted protection from its creditors under any applicable legislation; or

a liquidator, administrator, receiver, manager or receiver and manager is appointed to the person or any of its assets or undertakings; or

anything analogous or having substantially similar effect to any of the events specified above happens under the law of any applicable jurisdiction;

“Rental Equipment” means any gas cylinders or liquid vessels (including any inherent valve/s, pressure gauges, regulators and gas controlling and conserving devices and including but not limited to cylinders, packs, pallets and vessels in which gas or gas cylinders may be stored or transported) is made available by the Seller for use by the Buyer and in respect of which the Buyer may be charged on a rental basis;

“Services” refers to all services provided by the Seller to the Buyer and includes the delivery, installation and maintenance of Goods;

“Supply” includes:

in respect of the Goods: supply (inclusive of re-supply) by way of sale, loan or rent; and

in respect of the Services: render.

26. VARIATION TO GAS PRICES OR RENTAL CHARGES

The Seller reserves the right at its sole discretion by 14 days’ prior written notice to the Buyer to vary rental charges (and the Buyer acknowledges that such written notice may take the form of a published variation on the Seller’s website). If the Buyer does not object in writing to that variation prior the variation taking effect, the Buyer will be taken to have consented to that variation. Where the Buyer objects in writing to the variation within 14 days of receipt or publication of written notice by the Seller to that effect, the applicable rental rates will remain unamended and the Seller may (but is not obliged to) terminate any rental arrangements with the Buyer that are the subject of the proposed rental charge increase on 60 days’ written notice to the Buyer

27 PROVISION OF SAFE ACCESS TO BUYER PREMISES

27.1 Where, in order to supply or collect Goods or render the Services, the Seller or its carrier enters the Buyer’s premises, the Buyer shall provide full and safe access to the Seller or its carrier and shall be liable for and indemnify the Seller against all losses, damage to property and injury to or illness or death of persons, occurring directly or indirectly as a result of the failure by the Buyer to provide full and safe access.

27.2 The Buyer is responsible for providing adequate labour and/or materials and handling equipment for the loading and unloading of Goods at its premises.

28. ADDITIONAL CONDITIONS REGARDING RETURN OF GOODS

28.1 In addition to clause 5 of the Migomag Terms & Conditions of Sale, and subject to any nonexcludable rights under applicable legislation, Goods will not be accepted by the Seller as suitable for credit unless the Buyer:

supplies the invoice number and date;

returns the Goods in their original unmarked condition and in the same undamaged packing material and with all the documentation such as instruction sheets; and pays all transportation costs applicable to the return of the Goods (including any additional handling fee charged by Migomag).

The Seller may require the Buyer to pay a replacement fee (as reasonably determined by the Seller) in respect of Goods not accepted by the Seller as suitable for return, or which are otherwise not returned due to being lost for any other reason.

28.2 Where the Buyer elects to return Goods to the Seller, the Buyer must ensure that the Goods are returned in a safe condition (complying with all relevant legislation) as regards the risk to persons handling them and to persons in the vicinity and as regards the risk of damage to the Goods themselves.

28.3 Other than in situations where the Seller is required to provide a refund under the Australian Consumer Law, no refunds or credit will be given where Goods have been altered, damaged or lost while in the Buyer’s custody.

29. LIABILITY

29.1 To the extent permitted by statute, the liability, if any, of the Seller arising from the breach of any implied conditions or warranties, or failure to comply with a statutory guarantee under the Australian Consumer Law, in relation to the supply of Goods other than Goods of a kind ordinarily acquired for personal, domestic or household use or consumption, shall at the Seller’s option be limited to:

in the case of Goods:

the replacement of the faulty Goods or the supply of equivalent goods;

the repair of the Goods;

the reimbursement of the cost of the repair of the Goods; and

the payment of the cost for the repair of the Goods; and

in the case of Services:

the re-supply of the Services; or

the reimbursement of the cost of having the Services supplied again.

30. TERMINATION AND REMEDIES FOR BREACH

30.1 The Seller may immediately terminate the supply of Goods or Services by notice in writing to the Buyer if:

any payment owed by the Buyer is outstanding for more than seven (7) days after the due date;

the Rental Equipment is refilled by a source other than by the Seller, or the Buyer refuses to accept refills from the Seller;

the Buyer breaches any of the Migomag Terms & Conditions of Sale or these Additional Terms; or

the Buyer is or becomes Insolvent.

30.2 Upon termination, all Rental Equipment held by the Buyer is required to be returned to the Seller (and the Buyer must pay to the Seller replacement the value of all Rental Equipment not returned). If the Buyer does not return the Rental Equipment or make payment within seven (7) days of termination, the Seller may enter any premises where the Rental Equipment is located and take possession (together with any gas remaining therein). The Seller shall not reimburse the Buyer for any unused gas in this scenario. The Buyer shall allow the Seller full and free access to the Rental Equipment for the purpose of retaking possession.

31. BUYER’S OBLIGATIONS REGARDING RENTAL EQUIPMENT

31.1 The Buyer must:

pay all rental charges levied in respect of the period in which Rental Equipment is provided to the Buyer;

handle and use the Rental Equipment in a skilful and proper manner and in accordance with the working instructions as provided from time to time by the Seller;

not attempt to alter the Rental Equipment, or use the Rental Equipment for any purpose other than that for which it was rented;

during the time of rental, at its own expense, service, clean and maintain the Rental Equipment so that they remain in good repair and condition (reasonable wear and tear excepted);

immediately notify the Seller of any fault in the Rental Equipment;

be solely responsible for the safe custody of the Rental Equipment, and pay any amount required by the Seller to replace lost or stolen items of Rental Equipment;

not remove, deface or alter any the Seller identification mark, trademarks or signs fixed to, painted on or adjacent to the Rental Equipment;

not draw off gas from the Rental Equipment for the purposes of resupply;

ensure that it obtains and maintains all licences and permits required under any relevant statute, ordinance or related rule or regulation to hold, use or store any Rental Equipment (or gas contained therein);

indemnify the Seller for and against all loss or damage or cost of repairs to the Rental Equipment from any cause (other than fair wear and tear); and

indemnify the Seller against all actions, proceedings, claims, damages, losses, expenses and costs arising directly or indirectly out of the negligent or incorrect possession, use, storage or handling of the Rental Equipment by the Buyer or any other person not under the control or direction of the Seller.

31.2 The Buyer must pay or reimburse the Seller for all costs associated with any inspections of the Rental Equipment while on the Buyer’s premises that are required to be carried out by law or to comply with applicable industry standards. The Buyer shall grant the Seller full and free access to the Rental Equipment and shall bear the responsibility for and indemnify the Seller against any loss, damage or injury occurring as a result of the Seller not being granted such access.

31.3 The Seller is not liable to the Buyer for any loss of any gas from the Rental Equipment unless the loss results directly from a defect in the Rental Equipment which has not been caused or contributed to by any act or default of the Buyer, its officers, employees and agents. The liability of the Seller to the Buyer for any loss of gas will not exceed the replacement value of gas that was lost.

31.4 The Buyer must pay all costs incurred by or on behalf of the Seller in connection with any request from the Buyer for:

a change of location of the Rental Equipment; or

the replacement of a particular item of Rental Equipment for goods of a different size, type or capacity.

31.5 The Buyer must permit the Seller to enter premises in possession of Rental Equipment to conduct an audit if deemed necessary by Seller acting reasonably.

31.6 Notwithstanding clause 8 of the Migomag Terms & Conditions of Sale, Rental Equipment remains at all times the property of the Seller. The Buyer shall not sell, offer for sale, mortgage, charge, or create any lien or other encumbrance over any Rental Equipment and will keep the same in its own possession. The title to any gas which is stored in the Rental Equipment shall remain vested in the Seller until such time as the gas is drawn off for use by the Buyer.

31.7 Rental Equipment is not transferable and must not be used for any purpose other than to store or handle gas sold by the Seller. Rental Equipment must not be delivered or sent for recharging to any place other than the Seller’s premises or to depot or agents authorised by the Seller. The Buyer shall not without the Seller’s written approval decant gas from Rental Equipment and cylinders to/or from any other cylinder/vessel/container.

31.8 On receipt of each invoice, the Buyer is required to verify the total quantity of Rental Equipment that is shown on the invoice. Where there is any discrepancy, written notification plus original documentation identifying the discrepancy must be forwarded to the Seller within fourteen (14) days of the date of the invoice, failing which the Buyer may not claim that the actual quantity of Rental Equipment is less than that stated on the invoice and the Buyer will be liable to the Seller in respect thereof.

31.9 The Seller may at any time, in its absolute discretion, reconcile the current Rental Equipment holdings of the Buyer by reference to:

the Seller’s records of the Buyer’s scanned cylinder holdings;

the Seller’s records of the Buyer’s invoiced cylinder holdings; or

such other records as the Seller reasonably determines from time to time are appropriate for recording the Buyer’s cylinder holdings.

The Seller reserves the right to amend (including retrospectively) the amount of any rental charge payable by Buyer to reflect any increase in the Buyer’s Rental Equipment holding that is discovered from any such reconciliation.

31.10 If the Seller determines that these Additional Terms (or a transaction in connection with it) is or contains or gives rise to a security interest for the purposes of the PPSA, the Buyer must do all things reasonably required by the Seller, (including obtaining consents, signing and producing documents, arranging for documents to be completed and signed and supplying information) for the purpose of:

ensuring that the security interest is enforceable, perfected and otherwise effective;

enabling the Seller to apply for any registration, complete any financing statement or give any notification in connection with the security interest; and/or

enabling the Seller to exercise any rights in connection with the security interest.

31.11 Each party waives its right to receive each notice which, under section 157(3) of the PPSA, it is permitted to waive. Each party waives its rights to receive anything from any other party under section 275 of the PPSA and agrees not to make any request of any other party under that section.