1. Title of Goods:
a) Goods delivered to the customer under this contract shall remain the sole and absolute property of Prestige Yarns as legal and equitable owner until such time as the full price has been paid to the Prestige Yarns provided however that risk in the goods shall pass to the customer upon delivery to the customer or its agents or other person to whom Prestige Yarns has been authorised by the customer to deliver the goods.
b) The customer acknowledges that it is in possession of the goods solely as bailee and agent for the Prestige yarns on the terms and conditions hereof. The customer shall, if so instructed by Prestige Yarns, store the goods separately from the customers own goods or those of any other person and in a manner which makes them clearly identifiable as the goods of the Seller.
c) Upon the occurrence of any of the following events Prestige Yarns may (without prejudice to any of its rights and remedies) recover and resell goods which remain the property of the Prestige Yarns and may enter on the customers premises by its servants or agents for that purpose without notice to the customer.
i. If the customer fails to pay any amount to the Prestige Yarns when due under this contract or fails to pay any other indebtedness to the Prestige yarns when due: or
ii. Any other terms or condition of this contract is breached by the customer; or
iii. The customer makes an assignment for the benefit of its creditors generally or proposes or enters into a compromise, arrangement or scheme with or in favour of its creditors or any class of its creditors; or
iv. The customer ceases to or threatens to cease to carry on business or disposes or threatens to dispose of a substantial part of its business, property or assets without the prior consent of Prestige Yarns; or
v. A customer is made for the winding up of the customer and is not dismissed or withdrawn within 14 days or an order is made or an effective resolution is passed for the winding up of the customer (except in the course of a scheme of reconstruction or amalgamation previously approved by Prestige Yarns) or a receiver, receiver and manager, official manager, liquidator or other similar officer is appointed of the customer or of whole or a substantial part of its assets or any proceedings for such appointment are initiated (unless the proceedings are dismissed or withdrawn within 14 days of the commencement) or the customer is unable or deemed to be unable to pay its debts.
2. Miscellaneous Provisions
a) Unless otherwise agreed by Prestieg Yarns, payment of invoices is due on the date stipulated on the invoice. Accounts unpaid after that date will be liable to pay a service charge on the balance overdue. The rate of service charge will be determined by Prestige Yarns from time to time, and is presently set at 1.5% per month.
b) Should legal proceeding be required to enforce payment, the customer shall be liable for all costs expended in obtaining such payment, including collection agency commissions, search fees, court costs and solicitors fees and disbursements.
c) Prestige Yarns reserves the right to grant or refuse the customer for a credit facility and to terminate any credit agreement at any time.
Welcome to our website. If you continue to browse and use this website, you are agreeing to comply with and be bound by the following terms and conditions of use, which together with our privacy policy govern Prestige Yarns Pty Ltd’s relationship with you in relation to this website. If you disagree with any part of these terms and conditions, please do not use our website.
The term ‘Prestige Yarns Pty Ltd’ or ‘us’ or ‘we’ refers to the owner of the website whose registered office is Unit 6, 8-10 Pioneer Drive, BELLAMBI, NSW, 2518, AU. Our ABN is 88 103 233 370. The term ‘you’ refers to the user or viewer of our website.
The use of this website is subject to the following terms of use:
This privacy policy sets out how we uses and protects any information that you give us when you use this website.
We are committed to ensuring that your privacy is protected. Should we ask you to provide certain information by which you can be identified when using this website, then you can be assured that it will only be used in accordance with this privacy statement.
We may change this policy from time to time by updating this page. You should check this page from time to time to ensure that you are happy with any changes.
What we collect
We may collect the following information:
What we do with the information we gather
We require this information to understand your needs and provide you with a better service, and in particular for the following reasons:
Security
We are committed to ensuring that your information is secure. In order to prevent unauthorised access or disclosure, we have put in place suitable physical, electronic and managerial procedures to safeguard and secure the information we collect online.
How we use cookies
A cookie is a small file which asks permission to be placed on your computer's hard drive. Once you agree, the file is added and the cookie helps analyse web traffic or lets you know when you visit a particular site. Cookies allow web applications to respond to you as an individual. The web application can tailor its operations to your needs, likes and dislikes by gathering and remembering information about your preferences.
We use traffic log cookies to identify which pages are being used. This helps us analyse data about webpage traffic and improve our website in order to tailor it to customer needs. We only use this information for statistical analysis purposes and then the data is removed from the system.
Overall, cookies help us provide you with a better website by enabling us to monitor which pages you find useful and which you do not. A cookie in no way gives us access to your computer or any information about you, other than the data you choose to share with us.
You can choose to accept or decline cookies. Most web browsers automatically accept cookies, but you can usually modify your browser setting to decline cookies if you prefer. This may prevent you from taking full advantage of the website.
Links to other websites
Our website may contain links to other websites of interest. However, once you have used these links to leave our site, you should note that we do not have any control over that other website. Therefore, we cannot be responsible for the protection and privacy of any information which you provide whilst visiting such sites and such sites are not governed by this privacy statement. You should exercise caution and look at the privacy statement applicable to the website in question.
Controlling your personal information
You may choose to restrict the collection or use of your personal information in the following ways:
We will not sell, distribute or lease your personal information to third parties unless we have your permission or are required by law to do so. We may use your personal information to send you promotional information about third parties which we think you may find interesting if you tell us that you wish this to happen.
If you believe that any information we are holding on you is incorrect or incomplete, please write to or email us as soon as possible at the above address. We will promptly correct any information found to be incorrect.
