TERMS AND CONDITIONS

1. I web Grocer Saudi Commercial Company (here after known as Supplier) is in the business of supplying goods and will consider providing credit facilities to the applicant as named in the box titles Customer Information (here after known as Customer) and as requested in his application and subject for Supplier assessment and agreement.
2. Supplier will supply its invoices at the time of delivery to the customer. The customer shall pay Supplier in Invoice Currency, without offset or deductions, the amount of each invoice within the specified days from date of such invoice. At the option of Supplier, payments shall be made either by certified check, or wire transfer, or irrevocable letter of credit drawn upon and/or issued by a bank acceptable to Supplier and providing for payment on terms acceptable to Supplier.
3. Supplier will supply product to the customer upon receiving official purchase order as per agreed prices and terms. Customer acceptance of any products and invoices delivered without official order received from the customer shall be conceded as customer acceptance of the goods delivered and should be paid as per this agreement terms. Goods once sold will not be taken back by the supplier.      
4. Both parties may enter into business development agreement, such agreement will not and should not supersede this agreement and shall be considered as appendix to this main agreement.
5. It is the responsibility of the customer to ensure that prices charged, quantity supplied, contents, quality of product supplied are thoroughly checked at the time of receiving the products and accepted as correct upon receipt and signing the invoices or/and delivery notes. It is the responsibility of the customer to ensure that prices charged, quantity supplied, contents, quality of product supplied are thoroughly checked at the time of receiving the products and accepted as correct upon receipt and signing the invoices or/and delivery notes.
6. Customer should not receive any goods that are not matching the delivery notes or the invoices provided. Supplier will not accept any claim by the customer due to wrong delivery after customer receipt confirmation.
7. Supplier will provide the customer upon his request monthly statement of account stating all business transactions and activities took place till the statement date. If customer disagrees with the statement, should notify Supplier with any discrepancies within seven days from the date of the statement through official letter mailed to the company official mailing address and addressed to the general manager and the finance manager, followed by a confirmation of such letter through fax number notified.
8. Customer should provide Supplier with monthly statement of account or upon his request stating all business transactions and activities took place till the statement date. Unless agreed by Supplier, no deduction of any kind by Customer is allowed. Notification of discrepancy or error by Customer does not exempt the Customer from full payment on the specified due date.
9. Failure by the Customer to make a payment in the manner required by Supplier shall excuse Supplier from any outstanding shipment obligations. Any amounts not paid when due will be considered in default. Supplier shall have the right to declare all obligations of Customer immediately due and payable and to terminate customer’s credit account immediately. Notwithstanding delivery and the passing of risk, property in and title to the goods shall remain with Supplier until Supplier has received payment of the full price thereof. Supplier may repossess goods which remain its property. All expenses, including legal fees, finance charges and collection costs, incurred by Supplier in enforcing its rights as specified herein or as otherwise permitted by law are chargeable to Customer and shall be borne by Customer.
10. Supplier reserves the right to change, amend and or cancel the credit facility offered to the customer upon 30 days’ notice. Upon receiving such notice Customer should settle all due payment to Supplier with 25 days of provided statement of account.
11. Customer is the guarantor of any third party representative or agent who is authorized by the customer to transact or enter into a trade agreement on the customer’s behalf with Supplier. Such authorization is established by the third party presence at the customer facility, store, warehouse or any mean of property.
12. In the event of customer’s business closure, death, bankruptcy, this is considered that the customer has given Supplier lien on the property of the customer and privileged right on the stock of goods of the customer, in order to secure payment of the invoiced amount, Supplier shall have security interest in each shipment of products to customer until such time as full payment for said products is received by Supplier from customer.  
13. Customer shall notify Supplier of any material changes to the information provided by Customer as part of this Credit Application Form. Supplier may suspend credit to Customer and may withhold delivery of products ordered if, in the sole judgment of Supplier, the financial condition of the Customer warrants such action. All prices and credit terms are subject to change by Supplier without notice. Supplier shall notify Customer in writing of any material change in these terms and conditions that are applicable to Customer.
14. Delivery dates given by Supplier are estimates. Under no circumstances will Supplier be responsible for any losses by Customer as a result of delayed delivery. Further, Supplier shall not be liable for delays in delivery or failure to perform due to causes beyond its reasonable control, including but not limited to, acts of God, acts of the Customer, acts of government, delays in transportation, delays in manufacturing and inability of Supplier to obtain goods from usual sources, and any other commercial impracticality. Customer should accept the delivery at the time of appointment given for the purpose and return the signed and stamped invoice and or delivery note to the supplier immediately on delivery. In case of rejection of delivery at the appointed time, supplier reserves the right to debit the actual up and down transportation and delivery expenses to the customer.  
15. This Credit Application form is subject to the governing laws of the Kingdom of Saudi Arabia and of any disputes to be referred to the exclusive Jurisdiction of Courts in Riyadh.