FM8 PURCHASING TERMS

FPT-001 | Version 2 | 30 April 2026

These Terms govern all purchases from FM8 Pty Ltd (ABN 19 680 841 712). Where a separate Authorised Distributor Agreement is in force, that agreement prevails over these Terms in the event of any inconsistency. A full PDF version of these Terms is available on request at info@fm8.global.

1. Definitions

Buyer — the company, entity, or person named on the Purchase Order.
FM8 / Supplier — FM8 Pty Ltd (ABN 19 680 841 712.
Goods / Parts — all FM8 products, spare parts, and related items described in a Purchase Order or Quote.
Standard Stock Order — an order for Parts held in FM8's inventory, dispatched on EXW terms.
Bulk Order — a qualifying order meeting a pre agreed parts quantity, dispatched directly to the End User's site on DAP terms.
Purchase Order (PO) — a written order submitted by the Buyer specifying Parts, quantities, and delivery details.
Quote — a written quotation issued by FM8 specifying Parts, pricing, and estimated lead time.
EXW — Ex Works (Incoterms 2020). Goods collected from FM8's facility at the Buyer's cost and risk. DAP — Delivered At Place (Incoterms 2020). FM8 delivers to the named destination at FM8's cost and risk.

2. Order Types

Standard Stock Orders

Standard Stock Orders are dispatched from FM8's facilities on EXW (Ex Works, Gold Coast QLD) terms. The Buyer is responsible for all freight, insurance, and customs costs from FM8's facility.

Bulk Orders

Bulk Orders qualify where the order meets the minimum value threshold agreed to prior. For these orders:

• Parts are dispatched directly by FM8 to the End User's nominated site on DAP (Delivered At Place) terms at the Distributor's premises — FM8 arranges and pays freight to the named destination.
• A 50% deposit is required before FM8 will confirm a dispatch date or process the order.
• The remaining 50% balance is due within 30 days of invoice upon delivery.
• A Bulk Discount of 30% off FM8's List Price applies.
• FM8 will confirm the dispatch date and lead time after receipt of a valid PO and cleared deposit.

International Orders

• 50% deposit payable before order processing.
• Remaining 50% payable before shipment — goods will not be released until full payment clears.
• EXW terms apply unless the order qualifies as a Bulk Order.

3. Quotation and Lead Times

Lead times are provided at the quotation stage. FM8 will issue a written Quote prior to order placement where requested or where lead times are material.

Standard Stock Orders: FM8 will confirm a dispatch date and lead time to the Buyer's nominated freight forwarder within two (2) business days of receiving a valid Purchase Order.

Bulk Orders: FM8 will confirm the dispatch date and lead time after receipt of both a valid Purchase Order and the required 50% deposit. No dispatch date is binding until both conditions are met.

All lead times are estimates only. FM8 is not liable for delays outside its reasonable control.

4. Stock Holding (Distributors)

Authorised Distributors are expected to maintain a reasonable level of FM8 Parts inventory at all times, sufficient to service their customer base without undue delay. FM8 assesses reasonable stock levels case by case, having regard to the Distributor's location, customer base, and sales history.

Bulk Orders supplement — but do not replace — a Distributor's obligation to maintain standing inventory.

5. Pricing and Discounts

All prices are in AUD, excluding GST, freight, duties, and customs fees unless stated otherwise.

FM8 may adjust prices where material input costs (raw materials, freight, fuel, supply chain) increase beyond FM8's reasonable control after order acceptance. Adjustments apply only to Goods supplied after written notice and are not retrospective.

Resale pricing: FM8 does not require Distributors to sell at any fixed or minimum price. FM8's List Price is a Recommended Retail Price (RRP) only — consistent with section 48 of the Competition and Consumer Act 2010 (Cth).

6. Payment

Approved Credit Account — Domestic: 30 days from invoice date.
Approved Credit Account — International: 50% deposit before processing; 50% before shipment.
Bulk Orders (all Buyers): 50% deposit before dispatch confirmation; 50% within 30 days of invoice.
No Credit Account (COD): Full payment before processing.

Overdue interest: 2% per month, compounded monthly, from the due date.

Payment is by EFT using the Invoice number as reference. Always use payment details on the current Invoice.

7. Risk and Title

Risk passes to the Buyer when Goods are available at FM8's facility (EXW orders) or delivered to the named destination (DAP orders).

Title remains with FM8 until all amounts owing are paid in full. Until then, the Buyer holds Goods as fiduciary bailee, must store them separately and clearly identified as FM8's property, and must not encumber or pledge them.

Proceeds of sale: If the Buyer sells Goods before title passes, the Buyer holds the proceeds of sale on trust for FM8 to the extent of all amounts owing.

FM8's retention of title creates a Security Interest under the PPSA. The Buyer consents to FM8 registering on the PPSR and must take all steps required to perfect that registration.

8. Delivery and Inspection

Delivery dates are estimates only. FM8 may deliver in instalments, each invoiced separately. The Buyer must inspect Goods on delivery and notify FM8 in writing of any shortage, damage, or non-conformance within 5 business days. Failure to notify constitutes acceptance, subject to ACL rights.

9. Storage and Hazardous Goods

The Buyer is solely responsible for storage and handling of Parts after risk passes. FM8 provides no ongoing oversight of storage. The Buyer must comply with FM8's storage guidelines (available at info@fm8.global), applicable hazardous goods legislation (including the Dangerous Goods Safety Management Act 2001 (Qld)), and relevant Australian Standards. FM8 accepts no liability for incidents arising from storage or handling failures after delivery.

10. Returns and Cancellations

All returns require FM8's prior written authorisation.

Incorrect or faulty Goods: FM8 will replace, credit, or refund at its option.
Change-of-mind returns: Accepted at FM8's discretion — 15% restocking fee, original condition, Buyer pays return freight.
Cancellations: Custom or non-standard Parts cannot be cancelled. Standard Parts may be cancelled before dispatch at FM8's discretion. Bulk Orders cannot be cancelled after deposit payment and dispatch confirmation. International Buyers may forfeit part or all of the deposit on cancellation.

11. Warranties and Liability

FM8 warrants Parts conform to published specifications at delivery. All other implied warranties are excluded to the fullest extent permitted by law. Nothing in these Terms excludes rights under the Australian Consumer Law that cannot be excluded.

FM8's liability is limited to the value of the Purchase Order, repair, replacement, or equivalent supply — at FM8's option. FM8 is not liable for indirect, consequential, or economic loss.

The Buyer indemnifies FM8 against all claims arising from the Buyer's use, handling, storage, installation, or resale of the Parts, except where caused by FM8's proven negligence or manufacturing defect.

12. Force Majeure

FM8 is not liable for delays caused by events beyond its reasonable control, including natural disasters, pandemics, government action, industrial disputes, material shortages, or transport disruptions.

13. Governing Law

These Terms are governed by the laws of Queensland, Australia. Parties submit to the non-exclusive jurisdiction of Queensland courts. The CISG is expressly excluded.

Contact

Orders: info@fm8.global
Quotes and lead times: info@fm8.global | 1800 581 501
Accounts / Credit Applications: info@fm8.global
Returns authorisation: info@fm8.global (written request required)
Storage guidelines: Available on request at info@fm8.global
Credit Application (FQP-001): Available on request or at www.fm8.global

FM8 Pty Ltd | ABN: 19 680 841 712 | info@fm8.global | 1800 581 501 | www.fm8.global