2. Price and Payment
2.1 The price for the Goods shall be exclusive of any value added tax and any and all costs and charges relating to packaging, loading, carriage and insurance, all of which amounts the Customer shall pay in addition to the basic price of the Goods and when it is due to pay for the Goods under these Terms and Conditions.
2.2 Unless otherwise agreed in writing in advance, payment for all Goods is due to the Company in cleared funds (without set-off or deduction) immediately on receipt of the relevant invoice by the Customer. Time for payment by the Customer shall be of the essence. If the Customer fails to pay the Company in accordance with this clause 2.1, or if any sum is due from and remains unpaid (in whole or in part) by the Customer to the Company pursuant to this Contract, or any other Contract between the Customer and the Company, the Customer shall be liable to pay (and hereby fully indemnifies the Company against) all legal and other costs or expenses which the Company may suffer or incur in connection with such failure by the Customer to make due payment. In addition, interest will be payable by the Customer to the Company during the period from the due date for payment until the date of actual payment (“the outstanding period”) on any and all such outstanding sums at a rate of three per cent (3%) per annum above the base lending rate of the National Westminster Bank PLC in force from time to time during the outstanding period (after as well as before judgement) accruing on a daily basis and compounded quarterly. The Company also reserves the right to claim interest under the Late Payment of Commercial Debts (Interest) Act 1998.
2.3 Without prejudice to the Company’s rights and remedies set out herein (and its other rights and remedies under the general law), in the event of non-payment by the Customer, the Company shall also be entitled to either (i) suspend any and all further deliveries of Goods to the Customer (under this Contract or otherwise) until any such outstanding payment has been made in full or (ii) cancel the order made by the Customer pursuant to this Contract, and/or any other order or orders made by the Customer remaining to be fulfilled (under this Contract or otherwise) insofar as Goods remain to be delivered to the Customer and otherwise terminate this Contract and any other Contract between the Customer and the Company (whereupon, notwithstanding any other provision of these Terms and Conditions, all amounts payable by the Customer under this Contract, and any such other Contract, shall become immediately due and payable to the Company).
2.4 All invoice queries must be notified in writing by the Customer to the Company within 14 days of the date of the relevant invoice, otherwise the invoice shall be deemed to be correct and the Customer shall be bound to pay such invoice in full in accordance with these Terms and Conditions.
