F) Even if ownership of the goods has not passed to the customer, the company may recover all sums payable to it in relation to the agreement.Ĩ. E) If ownership of the goods has not passed to the company, in the event of any loss, destruction of or damage, all insurance proceeds receivable by the customer in respect of the goods shall be held in trust by the customer for the company in a separate account and first be applied towards reimbursement any sums payable under the agreement. D) The customer will become responsible for any loss, destruction of or damage to any goods on their delivery.

If the net proceeds received by the company are less than the amount payable to it in relation to the agreement, it may recover the balance from the customer.

C) After the company has repossessed any goods it may sell them and the proceeds of sale will belong to the company absolutely and the customer will have no right or interest in those proceeds.

B) Until the customer becomes the owner of the goods in accordance with 6a) above, the customer shall :- i) hold the goods on behalf of the company, who may, at any time and without prior notice, require the customer to deliver the goods to the company and, if it fails to do so, enter the premises where the goods are situated with its representatives to repossess the goods ii) not sell, part with possession of, use, or do to anything else detrimental to the company’s ownership of the goods and will ensure that they are kept separate from any other item, properly stored, protected and clearly identified as the company’s property, and are insured to their full replacement value against all normal comprehensive risks. Title a) Even where goods have been delivered and the customer is responsible for any loss, destruction of or damage to them, the legal and beneficial ownership of the goods will remain with the company until the company has received the payment in full of:- i) all amounts payable to the company in relation to the agreement, and ii) all other amounts due from the customer to the company in request of any and all other agreements.

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