Risk and Property
(1) Risk of damage to or loss of the goods shall pass to the Buyer: -
(i)
in the case of goods to be delivered at the Seller's premises, at the time when the Seller notifies the Buyer that the goods are available for collection; or
(ii)
in the case of the goods to be delivered otherwise than at the Seller's premises, at the time of delivery or, if the Buyer wrongfully fails to take delivery of the goods, the time when the Seller has tendered delivery of the goods. Unloading of
the goods from the transport at the Buyer's premises is at the Buyer's risk.
(2) Notwithstanding delivery and the passing of risk in the goods, or any other provision of these Conditions, the property in the goods shall not pass to the Buyer until the Seller has received in cash or cleared funds payment in full of the price of
the goods and all other goods agreed to be sold by the Seller to the Buyer for which payment is then due.
(3) Until such time as the property in the goods passes to the Buyer, the Buyer shall hold the goods as the Seller's fiduciary agent and bailee, and shall keep the goods separate from those of the Buyer and third parties and properly stored,
protected and insured and identified as the Seller's property, but the Buyer may resell or use the goods in the ordinary course of its business.
(4) Until such time as the property of the goods passes to the Buyer (and provided the goods are still in existence and have not been resold), the Seller may at any time require the Buyer to deliver up the goods to it and, if the Buyer fails to do so
forthwith, enter on any premises of the Buyer or any third party where the goods are stored and repossess the goods.
(5) The Buyer shall not be entitled to pledge or in any way charge by way of security for any indebtedness any of the goods which remain the Seller's property, but if the Buyer does so all monies owing by the Buyer to the Seller shall (without
limiting any other right or remedy of the Seller) forthwith become due and payable.