Terms & Conditions of Trade

These Terms & Conditions apply to all goods supplied by Wavefoods / Wave International (“we”, “us”, “our”) to approved trade customers (“you”, “your”). By placing an order or opening a trade account, you agree to be bound by these terms.

1. Quotations & Orders

• All quotations are valid for the period stated or, if no period is stated, for 14 days.
• Orders are accepted subject to stock availability, pricing accuracy, and our discretion.
• We reserve the right to decline or cancel orders at any time.
• Minimum order values or delivery conditions may apply.

2. Pricing

• All prices are exclusive of GST unless stated otherwise.
• Prices may change without notice due to market conditions or supplier increases.
• Special pricing, discounts, or promotions may be withdrawn at any time.

3. Payment Terms

• All invoices must be paid on or before the due date stated.
• Standard payment terms are strictly 7 days / 14 days / 20th of following month (depending on your approved account type).
• Interest may be charged on overdue amounts at a reasonable commercial rate.
• You agree to pay all debt recovery costs, including legal fees.

4. Delivery & Risk

• Delivery timeframes are estimates only; delays do not entitle cancellation.
• Risk in goods passes to you upon delivery to your premises or collection point.
• Ownership of goods remains with us until all outstanding amounts are fully paid.

5. Claims, Returns & Credits

• Claims for damaged, missing, or incorrect goods must be made within 24–48 hours.
• Goods must be inspected immediately upon delivery.
• Perishable, frozen, or opened goods cannot be returned unless faulty or incorrect.
• Credits are issued only after verification and at our discretion.

6. Warranties & Liability

• We do not provide any express or implied warranties beyond those required by NZ law.
• We are not liable for indirect, consequential, or special losses, including lost profits.
• Liability for defective goods is limited to replacement, repair, or credit.

7. PPSA (Personal Property Securities Act)

• You grant us a security interest in all goods supplied until invoices are paid in full.
• You waive your right to receive verification statements under section 148 of the PPSA.
• You must not sell or dispose of goods subject to security without our consent.

8. Privacy & Credit Checking

By applying for a trade account, you consent to:

• Credit checks with any third-party agency
• Ongoing credit monitoring
• Sharing your information with suppliers or agencies for credit assessment
• Us contacting trade referees or other credit providers

9. Default & Enforcement

• Failure to pay on time constitutes a default.
• We may suspend supply or close your account immediately.
• You agree to pay all collection, legal, court, or solicitor costs incurred.

10. Force Majeure

We are not liable for delays, shortages, or non-performance caused by events outside our control, including natural disasters, market disruptions, transport delays, strikes, pandemics, or supplier failures.

11. Governing Law

These terms are governed by the laws of New Zealand. Any disputes will be resolved in NZ courts.

12. Acceptance of Terms

By placing an order, accepting goods, or operating a trade account with us, you acknowledge and agree to these Terms & Conditions of Trade.