Terms of Payment
5.1 Subject to any special terms agreed in Writing between the Buyer and the Seller, payment for Goods will be effected within 30 days of invoice date .
5.2 If the Buyer fails to make any payment on the due date then, without prejudice to any other right or remedy available to the Seller, the Seller shall be entitled to:
5.2.1 cancel the Contract and suspend any further deliveries to the Buyer;
5.2.2 appropriate any payment made by the Buyer to such of the Goods (or the Goods supplied under any other contract between the Buyer and the Seller); and
5.2.3 charge the Buyer interest (both before and after any judgement) on the amount unpaid, at the rate of 5% per annum above DIBOR bank base rate from time to time, accruing on a daily basis until payment in full is made (a part of a month being treated as a full month for the purposes of calculating interest).
5.2.4 no payment shall be deemed to have been received until the Seller has received payment in cleared funds.
5.3. The Buyer shall make all payments due under the Contract without any deduction whether by way of set off, counterclaim, discount, abatement or otherwise unless the Buyer has a valid Court Order requiring an amount equal to such deduction to be paid by the Seller to the Buyer.