The risk of loss or damage to the goods shall pass to the buyer on delivery, or to the buyer at the time of collection.
The Company shall retain title to the Goods until it has received payment in full of all sums due in connection with the supply of all Goods to the Buyer at any time.
For these purposes the Company has only received a payment when the amount of that payment is irrevocably credited to its bank account.
If any item of Goods owned by the Company is attached to, mixed with, or incorporated into other Goods not owned by the Company, and is not identifiable or separable from the resulting composite or mixed goods title to the resulting composite or mixed Goods shall vest in the Company and shall be retained by the Company for as long as and on the same terms on which it would have retained title to the Goods in question.
The Buyer shall store goods owned by the Company in such a way that they are clearly identifiable as the Company's property, shall maintain records of such goods identifying them as the Company's property, or the persons to whom it sells or disposes of such goods and of the payments made by such persons for such goods.
It will allow the Company to inspect these records and the goods themselves on request.
All Goods supplied by the Company in the Buyer's possession shall be presumed to belong to the Company (unless the Buyer can prove otherwise).
The Company shall be entitled to trace the proceeds of sale and any insurance proceeds received in respect of Goods owned by the Company.
Such proceeds shall be paid into a separate bank account and shall be held by the Buyer on trust for the Company.
If the Buyer fails to make any payments to the Company when due, enters into bankruptcy, liquidation or a composition with its creditors, has a receiver or manager appointed over all or part of its assets, or becomes insolvent, of if the Company has reasonable cause to believe that any of these events is likely to occur, the Company shall have the right, without prejudice to any other remedies: to enter without prior notice any premises where Goods owned by it may be, and to repossess and dispose of any Goods owned by it so as to discharge any sums owed to it by the Buyer.
To require the Buyer to not resell or part with possession of any Goods owned by the Company until the Buyer has paid in full all sums owed by it to the Company.
To withhold delivery of any undelivered Contract Goods and stop any Contract Goods and stop any Contract Goods in transit.
Unless the Company expressly elects otherwise any contract between it and the Buyer for the supply of Contract Goods shall remain in existence notwithstanding any exercise by the Company of its rights under this clause.