Trade Terms of Supply
GOODSNET HOLDINGS LIMITED
TRADE TERMS OF SUPPLY
Effective Date: 1 January 2025
Company: Goodsnet Holdings Limited
NZBN: 9429051955366
Registered Office: 61 Normanby Road, RD1, Papakura, Auckland
Email: info@goodsnet.net
1. Definitions
In these Terms:
Company means Goodsnet Holdings Limited.
Customer means any person, company, retailer, distributor or other entity purchasing Goods from the Company on a trade or wholesale basis.
Goods means all products supplied by the Company including but not limited to nutrition products, beverages, snacks, supplements and related FMCG items.
Agreement means these Trade Terms of Supply together with any credit application, supply agreement, pricing schedule or written variation agreed by the Company.
2. Application of Terms
2.1 These Terms apply to all sales of Goods by the Company unless otherwise agreed in writing.
2.2 Placement of an order constitutes acceptance of these Terms.
2.3 Any terms proposed by the Customer that are inconsistent with these Terms shall have no effect unless expressly accepted in writing by the Company.
3. Orders
3.1 Orders submitted by the Customer are subject to acceptance by the Company.
3.2 The Company may decline or cancel any order due to:
- product availability
- credit limit status
- pricing errors
- commercial risk considerations
- force majeure or supply disruption
3.3 The Company may allocate stock at its discretion where supply is constrained.
4. Pricing
4.1 All prices are stated in New Zealand Dollars unless otherwise agreed.
4.2 Prices exclude freight, handling or promotional charges unless specified.
4.3 The Company may amend pricing at any time on reasonable notice.
4.4 Promotional pricing or rebates apply only for the stated period.
5. Payment Terms
5.1 Unless otherwise agreed in writing by the Company, all invoices are payable strictly within fourteen (14) days from invoice date.
5.2 Any variation to payment terms must be approved in writing by an authorised Company representative.
5.3 The Company may suspend supply, cancel orders or withdraw credit where payment terms are not met.
5.4 Interest may be charged on overdue amounts at 2.5% per month calculated daily.
5.5 The Customer shall indemnify the Company for all costs incurred in recovering overdue debts including legal and collection costs.
5.6 The Company may review or withdraw credit facilities at any time.
6. Retention of Title
6.1 Ownership of Goods does not pass until all monies owing by the Customer have been paid in full.
6.2 The Customer holds Goods as bailee for the Company until title passes.
6.3 The Company may enter the Customer’s premises to recover unpaid Goods.
6.4 The Customer grants the Company a security interest in all supplied Goods and proceeds of sale.
7. Delivery and Risk
7.1 Delivery dates are estimates only.
7.2 Risk passes to the Customer upon delivery or collection.
7.3 The Company is not liable for delays caused by freight providers, customs or supply chain disruption.
7.4 The Customer must inspect Goods immediately upon receipt.
8. Claims and Returns
8.1 Claims for damage, shortage or incorrect supply must be notified within 48 hours of delivery.
8.2 Returns require prior written approval.
8.3 The Company may replace, credit or refund at its discretion.
8.4 The Company does not accept returns for:
- change of mind
- short shelf-life goods
- incorrectly stored product
9. Product Handling
9.1 The Customer must store Goods in accordance with food safety requirements.
9.2 The Company accepts no liability for deterioration caused by improper storage.
9.3 Best-before dates are indicative and not grounds for return unless agreed.
10. Limitation of Liability
10.1 To the maximum extent permitted by law, the Company excludes liability for:
- loss of profit
- loss of business
- consequential loss
- indirect damage
10.2 The Company’s total liability shall not exceed the invoice value of the Goods.
11. Consumer Guarantees
11.1 Where Goods are acquired for business purposes, the Consumer Guarantees Act 1993 does not apply.
11.2 The Customer agrees to contract out of the Act to the fullest extent permitted.
12. Force Majeure
The Company shall not be liable for failure to perform due to events beyond reasonable control including:
- supplier failure
- transport disruption
- natural disasters
- regulatory action
- labour shortages
13. Default
The Company may terminate supply immediately where:
- payment terms are breached
- insolvency occurs
- credit risk increases
- misleading information is provided
All outstanding amounts become immediately payable.
14. Governing Law
These Terms are governed by the laws of New Zealand.
The parties submit to the jurisdiction of New Zealand courts.
15. Amendments
The Company may amend these Terms by publishing updated terms.
Continued trading constitutes acceptance.