Terms & Conditions

IFLO LIMITED. (“IFLO”) Wholesale Trading Terms ("Terms")

1. Pricing

1.1.All prices exclude Goods and Services Tax (“GST”). In addition to the price, you must pay GST on the supply at the rate applicable at the time of supply. IFLO will issue you with a GST invoice.

1.2.Prices are subject to change at any time without notice.

1.3.Delivery fees may apply for goods that IFLO deliver to you and we will agree with you an appropriate delivery fee structure. Further information may be set out in the Delivery Schedule on the IFLO website (if any).

1.4.To avoid unfair competition, IFLO recommend selling the iflo products at the Recommend Retail Price. You can adjust your price higher than the Recommend Retail Price but NOT lower. With malignant competition, you will receive warnings, and IFLO might stop supplying after three times warning.

2. Time for payment of invoices

IFLO will not accept term payment at this stage. Payment must be made when the purchase order is placed. Currently, your account will be prepaid only. For further payment terms, please send your request to us for negotiation.

2.1. For term payments, in the event that any invoice has been sent and not been paid in full by the due date, IFLO may at its option:

2.11.charge interest compounding monthly on the unpaid overdue balance at the default rate which IFLO may be charged by its lenders from time to time;

2.1.2. charge you costs it incurs (including collection costs and legal costs); and

2.1.3. suspend sale or delivery of further goods until the account is paid in full.

3. Events upon which immediate payment required

All amounts outstanding will become immediately due and owing and you will be in breach of these Terms if the information given in your application for credit is not correct and you have failed to correct this information within 5 days of IFLO’s request, or if, in IFLO’s opinion, there is a significant risk that you cannot or will become unable to pay your debts as they fall due including if you become insolvent, enter into a compromise with your creditors, commit any act of bankruptcy, or if a receiver, liquidator, administrator or statutory manager is appointed over any of your assets or undertakings.

4. Time that risk passes

Risk in any goods that IFLO supplies to you will pass to you on the earlier of actual receipt by you or delivery to the address for delivery specified by you.

5. Personal Property and Securities Act 1999 (“PPSA”)

Legal and equitable ownership of all goods supplied by IFLO is retained by IFLO until full payment is made by you of all amounts you owe to IFLO. You acknowledge IFLO’s right to register a security interest under the PPSA. You further acknowledge that:

5.1.You will promptly execute any documents and do anything else required by IFLO to ensure that the security interest in the goods constitutes a perfected security interest.

5.2.Nothing in s114(1)(a), 133, and 134 of the PPSA, or your rights under the sections of the PPSA listed in section 107(2) of the PPSA, will apply to the goods or these Terms.

5.3.You waive your right to receive a copy of the verification statement confirming registration of a financing statement or a financing change statement relating to the security interest created by these Terms.

5.4.The goods will be stored in a way which allows the goods supplied or delivered at different times by IFLO to be identified to a particular delivery and/or invoice by IFLO.

5.5.Notwithstanding any appropriation by you, IFLO is entitled to apply any payment you make as it sees fit.

6. Power of entry to recover goods

On request, you will give IFLO details of all premises where you hold the goods. Subject to any rights you have under the Credit (Repossession) Act 1997, where you are in breach of these Terms, IFLO may, without further notice, use reasonable force to enter any premises under your control to remove any goods which are the property of IFLO. You indemnify IFLO against all costs and claims in respect of its exercise of rights under this clause.

7. Privacy Act 1993 (“Privacy Act”)

You acknowledge and agree that any information which you have supplied to IFLO (including any personal information as defined in the Privacy Act) is able to be used by IFLO, subsidiary companies, and companies in which IFLO LIMITED holds, directly or indirectly, greater than 50% shareholding. These entities may use the information you have provided for credit checking purposes, for debt collection purposes and to provide you with information about IFLO or other IFLO LIMITED stores or brands and their goods, services, promotions and events. Any personal information that you provide to IFLO will be collected and held by IFLOUnder the Privacy Act, if you are an individual, you have rights of access to, and correction of, personal information held.

8. Obligation to maintain confidentiality and prevent fraud

Your pricing and any credit terms with IFLO is confidential and you must maintain that confidentiality. You are responsible for ensuring that your IFLO’s account details are not provided or disclosed to any person other than those persons within your organisation who are expressly authorised to act on your behalf. You are liable for all purchases on your IFLO’s account including those made fraudulently where you have failed to comply with this clause. You will not be liable for purchases by unauthorised persons from the time IFLO’s receives your advice in writing of a lost or stolen card or account details.

9. Exclusions and limitation of liability

9.1.You acknowledge that all your purchases from IFLO are for the purposes of a business. 9.2.You acknowledge that, to the fullest extent permitted by the law:

9.2.1.All guarantees, warranties and conditions implied by the Consumer Guarantees Act 1993 or the Sale of Goods Act 1908 or otherwise, are expressly excluded.

9.2.2.Subject to any mandatory labelling or other requirements, IFLO does not warrant that any goods it sells will meet any particular specifications or be fit for any particular purpose. 9.2.3.Any claims concerning goods must be made within 48 hours of receipt of the goods for damaged goods or the due date for delivery for missing goods. Invoice number/s and dates must be supplied as proof of purchase. Where IFLO accepts liability for damaged or missing goods, IFLO’s only liability is to either, at its option, resupply the goods or refund all or part of the purchase price of the goods.

9.3. IFLO will not in any circumstances be liable for any indirect or consequential loss or damage nor for any loss of business, loss of production, property, profit, goodwill, or business opportunity or overheads however caused, which may be suffered or incurred or which may arise directly or indirectly in respect of IFLO’s failure or omission to comply with its obligations, even if IFLO had been advised of the possibility of such damage or loss, and whether such claim is made in contract, tort or otherwise.

9.4. Subject to the rest of this clause 9 and to the maximum extent permitted by law, IFLOs’ total liability to you under or in connection with the Terms is the total fees paid by you to IFLO in the 30 days prior to the relevant liability event.

10. Product recall

You must co-operate fully with IFLO if IFLO decides or is required to recall goods supplied to you.

10.1. IFLO will accept faulty products returns by the following requirements, you need tosubmit your faulty returns by the end of each month. Overtime submissions might NOT be accepted, you must provide evidence photos or videos to explain faulty reasons, batch number, products information for faulty products are required.

11. General Conditions

11.1.All purchases from IFLO are intended to be used by persons in New Zealand over the age of 18 and all legislative and regulatory requirements must be adhered to by you.

11.2.All manufacturer and IFLO product specifications provided to you must be adhered to by you and where necessary such information passed onto your customer.

11.3. IFLO reserves the right to change and or replace (in whole or in part) these Terms from time to time by notice in writing to you. Any such change will take effect immediately or otherwise from the effective date set out in the relevant notice.

11.4. If IFLO fails to enforce any term or fails to exercise any right under these Terms at any time, IFLO has not waived that term or right.

11.5. If any provision of these Terms is held to be invalid or unenforceable for any reason, the remaining provisions remain in full force.

11.6. You consent to receiving promotional material, special offers and other correspondence from IFLO by electronic email.

11.7. IFLO may assign any of its rights under these Terms