5. INTEREST & CHARGES
5.1 The seller reserves the right to charge interest against overdue accounts.
5.2 Once accounts are deemed by the seller to be overdue, the seller reserves the right to decline providing supplies to the client until such time as the account is brought into credit.
RETURNED OR REJECTED PAYMENTS In the event of a payment by the buyer, received by the seller is rejected for whatever reason (i.e. Returned cheques or bankers draft/instruction) the seller reserves the right to make an appropriate charge to compensate for expenses incurred by the seller in re-presenting the buyers payment to include charges made by the sellers bankers and administration costs in obtaining payment.
GOVERNING LAW This contract and all disputes relating to it shall be governed and construed in all respects according to English law.
ORDERS The seller reserves the right (without prejudice to any other remedies) to cancel any uncompleted order or to suspend delivery in the event of the buyers commitment with the seller not being met, or if the seller is of the opinion that such commitments will not be met by the buyer.
DISPUTES If at any time a dispute or difference arises in connection with the order, it shall be mutually agreed upon between the buyer and seller or, in the event that agreements cannot be reached, then the dispute can be settled by an independent arbitrator where agreeable to both parties that the appointed arbitrators decision will be binding on both parties.