PURCHASING FROM GLOBAL SOURCING WORLD LTD

1 DEFINITIONS

In this list the following definitions apply:

"SELLER":

Global Sourcing World Ltd and any of its successors and assigns.

"BUYER":

The person, firm or company to whom a quotation is given, or on behalf of whom an order is placed.

“CONTRACT”:

The contract for the sale and purchase of the Goods and/or the supply and receipt of the services made between the Seller and the Buyer, consisting of the order and these conditions.

"GOODS":

The articles described overleaf and any supplied as substitutes or replacements of these. This includes work undertaken in connection with these articles.

2 GENERAL

Unless stated otherwise in writing by a director of Global Sourcing World Ltd, these conditions (which replace any earlier sets of conditions, appearing on quotations or elsewhere) will override any terms or conditions of the Buyer. This applies both to the order and to any negotiations. No verbal interchange - including those where quotations are given - is binding to the Seller.

3 SPECIFICATION

The Buyer shall be responsible to the Seller for ensuring the accuracy of the terms of any order the Buyer submits, and for giving in good time any necessary information relating to the Goods, so that the Seller can fulfil the contract in accordance with its terms.

3.1 All Goods are purchased "SOLD AS SEEN".

3.2 No Claims for Discrepancies from the final figure will be accepted whatsoever. Buyer understands that Global Sourcing World Ltd will not accept any liability for any consequential loss, damage or injury sustained due to the selling or onward trading of these goods. Due diligence is carried out to the best of the Sellers ability in regards to copyrights/resale/counterfeit and pirated goods. Seller advises buyer to exercise their own due diligence when purchasing.

3.3 All specifications, descriptions, drawings and illustrations accompanying quotations or contained in the Seller's price lists, listings or advertisements are approximate only and will form no part of the contract unless this is stated in writing by the Seller. Such specifications, descriptions, drawings and illustrations are subject to changes which are sometimes made by the manufacturers of the Goods.

3.4 Cancellations

Notification of cancellation of order must be received in writing. If order is cancelled after item has been dispatched buyer is responsible for transportation costs incurred along with a 25% re-stocking charge.

4 WARRANT

The Seller will replace, or issue a refund - which may be a fair proportion of the price paid - for, any Goods it judges to be defective, provided the Buyer has given written notice of the defects to the Seller within seven working days after the day of delivery.

4.1 Except in cases of death or personal injury caused by the Seller's negligence, the Seller will not be liable to the Buyer or any third party for any direct or indirect loss arising out of or in connection with the supply of the Goods or their use (including any economic loss, loss of profits, reputation, goodwill, use of interest services of employees or agents and anticipated savings or expenses).

4.2 Due to the variation of products, parcels, lots of goods/items purchased by Global Sourcing World Ltd there may well be a possibility of unregistered, counterfeit, pirated goods with the lots. When purchasing, Global Sourcing World Ltd exercise due diligence to the best of their ability by requesting samples of the products and researching prior to committing to any purchase.

4.3 Global Sourcing World Ltd advise all buyers to exercise their due diligence when purchasing Global Sourcing World Ltd on goods that they are looking to purchase.

4.4 No condition or warranty is made or is to be implied as to the life, description or wear of the Goods supplied, or as to their being suitable for any particular purpose or for use under any specific conditions (notwithstanding that such purpose or condition be known by or be made known to the Seller).

4.5 The Buyer agrees not to hold the Seller, its affiliate, offices, directors, employees, legal advisors or agents liable for any loss or damage of any sort arising out of the contract.

4.6 Subject as expressly provided in these conditions, and except where the Goods are sold to a person dealing as a consumer (within the meaning of the Unfair Contract Terms Act 1977), all warranties, conditions or other terms implied by statute or common law are excluded to the fullest extent permitted by law.

4.7 Where Goods are sold under a consumer transaction (as defined by the Consumer Transactions (Restrictions on Statements) Order 1975) the statutory rights of the Buyer are not affected by these conditions.

4.8 Global Sourcing World Ltd guarantee that all products bought are brand new, however, due to the nature of the business, there may be occasions where batteries will need to be replaced.

5 DISPUTES

The Buyer shall:

5.1 Request samples/arrange viewing of product if in doubt of product description, style or suitability.

5.2 Notify the Seller in writing within seven working days after the day of the delivery of any error in quantity of Goods, and of any case of Goods being mixed with others not included in the contract.

5.3 Upon receipt of goods Global Sourcing World Ltd couriers stipulate that recipient must report damages/faults within 24 hours of delivery/receipt of goods

5.4 Upon departure of the Goods from the sellers premises, the Buyer is deemed to have accepted the Goods in full with no further liability on the part of the seller.

5.5 Global Sourcing World Ltd will not accept liability for the goods during transport once they have left our distribution depot. Buyer is recommended to seek suitable insurance via liaison with Haulage/Courier Company appointed to deliver goods.

6 ENTIRE AGREEMENT

These Terms and Conditions constitute the entire agreement between the Buyer and the Seller, and it supersedes any previous agreements, whether oral or in writing, between the Buyer and the Seller.

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SELLING TO GLOBAL SOURCING WORLD LTD

7 DEFINITIONS

In these conditions the following expressions shall have the following meanings:

"COMPANY":

Global Sourcing World Ltd and any of its successors and assigns;

"CONDITIONS":

The standard terms and conditions of purchase set out in this document and (unless the context otherwise requires) any special terms and conditions agreed in writing between the Company and the Seller;

"CONTRACT"

The contract for the sale and purchase of the Goods and the supply and receipt of the Services made between the Company and the Seller, consisting of the Purchase Order, the Conditions and any other documents (or parts thereof) specified in the Order;

"DELIVERY":

The receipt of the Goods by the Company or the performance of the Services by the Seller at the place specified in the Order;

"DELIVERY ADDRESS":

The address stated on the Order:

"GOODS":

All items which make up the Order (including any packaging and instalment of these);

"ORDER":

The items applied for by the Company on its official order form;

"PRICE":

The cost of the Goods and/or the charge for the Services;

"SELLER":

The person, firm or company to whom the Order is addressed;

"SERVICES":

The services (if any) described in the Order;

"PRODUCT DESCRIPTION"

Includes any labels, designs, drawings or other information relating to the Goods or Services (including the information as set out in Clauses 9.2 and 9.3 and/or as detailed on any purchase sample).

The headings in these Conditions are for convenience only and shall not affect their interpretation.

Any reference in these Conditions to a statute or a provision of a statute shall be construed as a reference to the statute or provision as amended, re-enacted or extended at the relevant time.

8 TERMS OF ORDER

The Company will only be bound by the Purchase Order if:

8.1 The purchase order is confirmed in writing by the Company and duly signed by a Company Director;

8.2 The Seller accepts it unconditionally. Failing this, the Order will be deemed to be withdrawn and the Company will be under no obligation to pay for the Goods and/or services. If the Seller's acceptance is qualified, either on its face or by any accompanying document by reference to any term or condition other than the terms or conditions of the Order, it will be treated as a counter-offer which the Company shall be at liberty to accept on receipt as it may think fit.

8.3 Neither the Company nor the Seller shall be bound by any waiver of, or any variation or addition to, these Conditions except as agreed in writing by an authorised representative of the Seller and a director of the Company.

8.4 Global Sourcing World Ltd require visuals and/or samples of any items on which you require us to make an offer. Unless the samples are valued at over £250 per individual item then it is company policy that samples are not returned. The company will not pay for any samples unless otherwise agreed prior to sending samples.

8.5 Global Sourcing World Ltd reserves the right to withdraw from offer to purchase at any time until such time as goods are collected/delivered, and transaction completed.

9 SPECIFICATIONS

The quantity, quality and description of the Goods and the Services, shall, subject as provided in these Conditions, be as specified in the Order and/or in any applicable Product Description supplied by the Company to the Seller or agreed in writing by the Company.

9.1 The Seller shall comply with all applicable regulations and legal requirements concerning the manufacture, packaging, packing and transportation of the Goods and the performance of the Services.

9.2 The Seller accepts full responsibility for ensuring that all fibre content labels and other relevant labels are correct and that where applicable all fire warning labels and other relevant labels are attached and are in accordance with all relevant regulations.

9.3 The Goods shall be marked and labelled in accordance with any applicable regulations or requirements of the carrier, and properly packed and secured so as to reach their destination undamaged in the ordinary course.

9.4 Before despatching the Goods the Seller shall carefully inspect and test them to ensure that they conform with the Product Description.

9.5 The Seller shall not unreasonably refuse any request by the Company to inspect and test the Goods during manufacture, processing or storage at the premises of the Seller or any third party prior to despatch; the Seller shall provide the Company with all facilities reasonably required for inspection and testing.

9.6 If as a result of the testing or inspection mentioned in this Clause the Company finds that the Goods do not comply with the Contract or are unlikely to do so on completion of manufacture or processing, he shall inform the Seller accordingly and the Seller shall immediately take such steps as may be necessary to replace or rectify the Goods to the reasonable satisfaction of the Company at no extra cost to the Company. Failure on the part of the Seller to do so shall result in the order being withdrawn with no obligations or liabilities assigned to the Company.

10 PRICE OF THE GOODS AND SERVICES

The price of the Goods and the Services shall be as stated in the Order and, unless otherwise stated, shall be inclusive of all charges for packaging, packing, carriage, insurance and delivery of the Goods to the Delivery Address, and of any duties, imports or levies.

10.1 No increase in the Price may be made (whether on account of increased materials, labour or transport costs, fluctuation in rates of exchange or otherwise) without the prior consent of the Company in writing.

10.2 The Company shall be entitled to any discount for prompt payment.

11 PAYMENT

The Seller shall be entitled to invoice the Company on, or at any time BEFORE delivery of the Goods or performance of the Services. Our payment terms are PRO-FORMA in the form of a bank transfer, cleared cheque or cash on collection.

11.1 Unless otherwise expressly agreed in writing by the Company, payment of the Price will be made in full on receipt of the goods, once checked and quantities confirmed.

11.2 One copy of the Seller's invoice; and

11.3 In the case of Goods (whether they are to be made up or not by the Company) intended for export (and so identified in the Order) all requisite documents and certificates required by any statutory authority (as specified in the Order);

11.4 In the case of Goods being imported into the United Kingdom , the requisite import licence.

11.5 No payment of or on account of the Price shall constitute any admission by the Company as to the performance by the Seller of its obligations under the Contract.

11.6 Deposit payments are required to secure goods purchased if full payment cannot be made. Deposits are non refundable should you, the buyer fail to complete the transaction.

11.7 The Company shall be entitled to deduct from or off set against the Price any sum or sums owed to the Company by the Seller.

12 DELIVERY

All Goods shall be supplied carriage paid (unless otherwise agreed), and in the manner specified in the Order, to the Delivery Address. Any Services shall be performed at the Delivery Address.

12.1 DELIVERY TIME

The time for delivery of the Goods and/or of performance of the Services shall be that specified in the Order unless otherwise agreed in writing by the Company or, if no such time is specified or agreed, within such reasonable time from the date of receipt of the Order by the Seller as the Company may subsequently specify.

12.2 If the Goods are to be delivered, or the Services are to be performed, in instalments, the Contract counts as a single contract, not several.

12.3 A packing note quoting the number of the Order must accompany each delivery or consignment of the Goods and must be displayed prominently.

12.4 The Seller shall supply the Company in good time with any instructions or other information required to enable the Company to accept delivery of the Goods and performance of the Services.

12.5 The Company shall in accordance with Clause 9 below be entitled to reject any Goods delivered which are not in accordance with the Contract, and shall not be deemed to have accepted any Goods until the Company has had a reasonable time to inspect them following delivery/collection or, if later, within a reasonable time after any latent defect in the Goods has become apparent.

12.6 FORCE MAJEURE

The Company shall not be liable for any failure to perform its obligations in relation to the Goods or Services which is due wholly or partially to any industrial action at the premises of the Company, to a restriction imposed by Government or other competent authority, or to any circumstance beyond the control of the Company.

12.7 If the Seller is unable to effect Delivery on time because of industrial action at its premises, a restriction imposed by Government or other competent authority, or some circumstance beyond the control of the Seller, the Seller shall notify the Company in writing of that fact and the time for Delivery shall be extended for the duration of such intervening force majeure PROVIDED THAT if the delay shall exceed four weeks the Company shall have the right to cancel the Contract and shall not be liable to the Seller for any payment in respect thereof (or in respect of the unfulfilled part thereof if the Seller shall have delivered some of the Goods or performed part of the Services comprising the Order prior to cancellation).

13 RISK AND PROPERTY

The property in and risk of damage to or loss of the Goods shall pass to the Company upon Delivery in accordance with the Contract. This clause shall be subject to any rights of rejection, which the Company may have under the Contract.

14 WARRANTIES AND LIABILITY

The Seller guarantees the Company that the Goods:

14.1 Will be of merchantable quality and fit for any purpose held out by the Seller or made known to the Seller in writing at the time the Order is placed;

14.2 Unless otherwise agreed will be free from defects in design, material and workmanship;

14.3 Will correspond with any relevant Product Description or sample; and

14.4 Will comply with all statutory requirements and regulations relating to the sale of the Goods;

14.5 Will (except where the Order states that they are to be designed or manufactured in accordance with a different specification) be designed and manufactured in accordance with British Standards and any applicable codes of practice.

14.6 Will be properly de-tabbed but will continue to bear all necessary information as set out in the Product Description, unless otherwise agreed in writing by the Company;

14.7 Can be freely sold in the United Kingdom and Ireland unless otherwise stipulated prior to sale.

14.8 Global Sourcing World Ltd are buyers and sellers of surplus/bankrupt/clearance stock. Stock is purchased by Global Sourcing World Ltd without any warranties. All stock is therefore sold by Global Sourcing World Ltd with no warranties unless otherwise stipulated in writing by Global Sourcing World Ltd.

14.9 The seller guarantees the company that the Services will be performed by appropriately qualified and trained personnel, with due care and diligence and to such high standard of quality as the Company can reasonably expect.

15 REJECTIONS

All Goods and Services shall be subject to inspection and approval by the Company within a reasonable period after Delivery, and the Company may reject the Goods and/or Services if the Seller has failed to comply with its obligations under the Contract.

15.1 The Company will notify the Seller in writing of any such rejection, specifying the reasons. Thereafter the Goods shall be held at the Seller's risk and may be returned at the Seller's expense. Upon rejection of the Goods or Services the Company shall be entitled:

15.2 To request of the Seller replacement Goods or Services in accordance with the Contract within 7 days; or

15.3 Regardless of whether it has previously requested of the Seller replacement Goods or Services, to treat the Contract as discharged and to request the repayment of any part, or all, of the Price which has been paid.

15.4 To waive its right of rejection and instead elect to put the Goods or Services into a state whereby they satisfy Clause 14 above. In such a case, the Seller shall be debited the cost of any necessary work and shall pay this to the Company on demand.

16 TERMINATION

The Company shall be entitled to cancel the Order in respect of all or part only of the Goods and/or Services by giving notice to the Seller at any time prior to Delivery. In the event of this, the Company shall have no liability either in relation to losses or damage of any sort incurred as a result of any termination or cancellation on the part of the Company.

16.1 The Company may, without prejudicing its other rights and without liability to the Seller, terminate the Contract by giving notice to the Seller or any person in whom the Contract may have become vested if:

16.2 The Seller becomes subject to an administration order or goes into liquidation (otherwise than for the purpose of reconstruction or amalgamation), or makes an arrangement with its creditors; or

16.3 An encumbrancer takes possession of, or a receiver or an administrative receiver is appointed over any of the property or assets of the Seller;

16.4 The Seller ceases, or threatens to cease, business; or

16.5 The Company has reason to think that one or more of the above events will occur and notifies the seller accordingly.

17 INDEMNITY

The Seller shall indemnify the Company in respect of:

17.1 Any loss, damage or expense suffered by the Company in consequence of negligence or breach of statutory or other duty on the part of the Seller, its sub-contractors and agents or any servant of these, in any way arising out of or connected with any breach of any warranty given by the seller in relation to the Goods or Services notwithstanding the same may have been inspected and/or accepted by the Company; and

17.2 All claims made against the Company by any third party (including any employee - or the personal representatives or dependants of any employee - of the Company) for any such negligence, breach of duty, defect or incorrectness arising out of the Contract; and

17.3 All claims made against the Company by any employee or agent of the Seller (or by any employee or agent of any subcontractor or agent) for, or in respect of, the death of - or any damage, loss or personal injury incurred or suffered by - such employee or agent for any such negligence, breach of duty, defect or incorrectness arising out of the Contract; and

17.4 Any liability under the Consumer Protection Act 1987 in respect of the Goods; and

17.5 Any action, claim, demand, costs, charges and expenses resulting from or incurred by reason of any infringement or alleged infringement of letters, patent, registered design, unregistered design, trade mark or copyright by the use or sale of any article or material supplied by the Seller to the Company and against all costs and damages which the Company may incur in any action for such infringement (including any liability resulting from a breach of Clause 9 by the Seller) or for which the Company may become liable in any such action.

17.6 Any act or omission of the Seller or its employees, agents or sub-contractors in supplying or delivering the Goods;

17.7 Any act or omission of the Seller's personnel in connection with the performance of Services; and

17.8 All legal and other costs incurred by the Company in connection with the aforesaid loss, damage or claim.

18 GENERAL

No part or detail of these Terms and Conditions may be assigned or otherwise disposed of by the Seller without the written consent of the Company. Any such consent shall not relieve the Seller of any other of its obligations under the Contract.

18.1 No waiver by the Company of any breach of the Terms and Condition by the Seller shall be considered as a waiver of any subsequent breach of the same or any other provision.

18.2 If any provision of the Conditions is held by a competent authority to be invalid or unenforceable in whole or in part, the validity of the other provisions of these and the remainder of the provision in question shall not be affected thereby.

18.3 Any notice given by either party to the other under these Conditions shall be in writing addressed to that other party at its registered office or principal place of business or such other address as may at the relevant time have been stated pursuant to this provision to the party giving notice.

18.4 No service of any notice(s) by e-mail will be accepted by the Company.

18.5 The construction, validity and performance of the Contract shall be governed by the Laws of England.

18.6 These present Conditions will take precedence over any other conditions or terms appearing on any letter or other document issued by the Seller, unless otherwise expressly agreed by the Company.

19 ENTIRE AGREEMENT

These Terms and Conditions constitute the entire agreement between the Seller and the Company, and it supersedes any previous agreements, whether oral or in writing, between the Seller and the company.