Conditions: The terms and conditions set out in this contract:
Contract: The agreement between The Rare and Fine Wine Co Ltd. and the customer for the sale and purchase of the Products in accordance with these conditions.
Customer: The business or person who purchases the Products from The Rare and Fine Wine Co Ltd
Products: The products set out in the Sales Order confirmation.
Delivery Location: The place specified in the Invoice and if no place specified, determined in accordance with clause 5.
Supplier: The supplier is The Rare and Fine Wine co Ltd. (registered in England and Wales. Company registration no. 03005091.
Note: The Rare and Fine Wine Co. Ltd. will be referenced as RFW in the contract.
The terms and conditions set out in this document.
The business who purchases the Products from The Rare and Fine Wine Co Ltd.
These Conditions apply to the Contract to the exclusion of any other terms that the Customer seeks to impose or incorporate, or which are implied by law, trade custom, practice or course of dealing.
The price of the Products shall be the price set out in the Order Confirmation.
The price of the Products:
2.1. unless expressly set out in the invoice excludes amounts in respect of value added tax (VAT), which the Customer shall additionally be liable to pay to RFW at the prevailing rate, subject to the receipt of a valid VAT invoice; and
2.2. unless expressly set out in the invoice the price excludes the costs and charges of packaging, insurance and transport of the Products, which shall be invoiced to the Customer. In the event of En Primeur sales they will be invoiced when the wines become physically available.
Unless other payment terms are expressly set out in the invoice, the Customer shall pay each invoice submitted by RFW:
1. on presentation of the invoice; and
2. in full and in cleared funds to a bank account nominated in writing by RFW, time for payment shall be of the essence of the Contract.
3.1. If the Customer fails to make a payment due to under the Contract by the due date, then, without limiting RFW’s remedies under clause 10:
3.1.1. RFW may exercise a lien over any goods that the Customer has already paid for but have not yet been delivered. Once a lien is exercised Customer has twenty-one (21) days to pay any sums due. If any sums due are not paid during that period then the goods on hold may be sold and the proceeds applied to the outstanding debt. Any legal expenses and interest will be deducted from the proceeds of sale and any remainder remitted to Customer.
3.1.2. the Customer shall pay interest on the overdue sum from the due date until payment of the overdue sum, whether before or after judgement. Interest under this clause 8.4 will accrue on a daily basis at 4% a year above the Bank of England’s base rate from time to time.
3.2. All amounts due to RFW under the Contract shall be paid in full without any set-off, counterclaim, deduction or withholding.
3.3. RFW shall be authorised to set off any amounts claimed by it against Customer or any Parties associated with Customer, against amounts Claimed by Customer from RFW irrespective of the fact whether the amounts concerned are due for payment.
The restrictions on liability in this clause 9 apply to every liability arising under or in connection with the Contract including liability in contract, tort (including negligence), misrepresentation, restitution or otherwise.
Nothing in the Contract limits any liability which cannot legally be limited, including liability for:
2.1. death or personal injury caused by negligence;
2.2. fraud or fraudulent misrepresentation;
2.3. breach of the terms implied by section 12 of the Sale of Goods Act 1979; or
2.4. defective products under the Consumer Protection Act 1987.
Subject to clause 9.2, RFW’s total liability to the Customer shall not ever exceed the price paid for the order to which the claim relates.
Subject to clause 9.2, the following types of loss are wholly excluded:
4.1. loss of profits;
4.2. loss of sales or business;
4.3. loss of agreements or contracts;
4.4. loss of anticipated savings;
4.5. loss of or damage to goodwill; and
4.6. indirect or consequential loss.
This clause 9 shall survive termination of the Contract.
Without limiting its other rights or remedies, RFW may terminate each Contract with immediate effect by giving written notice to the Customer if:
1.1. the Customer commits a material breach of any term of the Contract and (if such a breach is remediable) fails to remedy that breach within 14 days of that party being notified in writing to do so;
1.2. the Customer takes any step or action in connection with its entering administration, provisional liquidation or any composition or arrangement with its creditors (other than in relation to a solvent restructuring), obtaining a moratorium, being wound up (whether voluntarily or by order of the court, unless for the purpose of a solvent restructuring), having a receiver appointed to any of its assets or ceasing to carry on business [or, if the step or action is taken in another jurisdiction, in connection with any analogous procedure in the relevant jurisdiction;
1.3. the Customer suspends, threatens to suspend, ceases or threatens to cease to carry on all or a substantial part of its business; or
1.4. the Customer’s financial position deteriorates so far as to reasonably justify the opinion that its ability to give effect to the terms of the Contract is in jeopardy.
Without limiting its other rights or remedies, RFW may suspend provision of the Products under the Contract or any other contract between the Customer and RFW if the Customer becomes subject to any of the events listed in clause 10.1.2 to clause 10.1.4, or RFW reasonably believes that the Customer is about to become subject to any of them, or if the Customer fails to pay any amount due under this Contract on the due date for payment.
Neither party shall be in breach of this agreement or otherwise liable for any failure or delay in the performance of its obligations if such delay or failure results from events, circumstances or causes beyond its reasonable control. The time for performance of such obligations shall be extended accordingly. If the period of delay or non-performance continues for eight weeks, the party not affected may terminate this agreement by giving seven days’ written notice to the affected party without any liability or obligation to pay compensation.
Governing law. The Contract, and any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with it or its subject matter or formation, shall be governed by and construed in accordance with the law of England and Wales.
Jurisdiction. Each party irrevocably agrees that the courts of England and Wales shall have exclusive jurisdiction to settle any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with the Contract or its subject matter or formation.