5.1 The goods are at the buyer’s risk from the time of delivery to the buyer’s premises or carrier, whichever is earlier.
5.2 Ownership of the goods shall not pass to the buyer until OBEETEE has received in full (in cash or cleared funds) all sums due to it in respect of the goods.
5.3 OBEETEE shall be entitled to recover payment for the goods notwithstanding that ownership of any of the goods has not passed from OBEETEE.
5.4 Until ownership of the goods has passed to the buyer, the buyer must:
5.4.1 Store the goods (at no cost to OBEETEE) separately from all your other goods and goods of any third party in such a way that they remain readily identifiable as OBEETEE's property;
5.4.2 Not destroy, deface or obscure any identifying mark or packaging on or relating to the goods; maintain the goods in satisfactory condition and keep them insured on OBEETEE's behalf for their full price against all risks to the reasonable satisfaction of OBEETEE.
5.4.3 On request the buyer shall produce the policy of insurance to OBEETEE.
5.4.4 In the event of a claim the buyer shall hold the proceeds of the insurance in trust for OBEETEE and not mix them with any other money, nor pay the proceeds into an overdrawn bank account.
5.5 The buyer’s right to possession of the goods shall terminate immediately if:
5.5.1 A bankruptcy order is made against the buyer or the buyer makes an arrangement or composition with its creditors, or otherwise takes benefit of any statutory provision for the time being in force for the relief of insolvent debtors, or convene a meeting of creditors (whether formal or informal), or enter into liquidation (whether voluntary or compulsory) except a solvent voluntary liquidation for the purpose only of reconstruction or amalgamation, or have a receiver and/or manager, administrator or administrative receiver appointed for its undertaking or any part thereof, or a resolution is passed or a petition presented to any court for the buyer’s winding up or for the granting of an administration order in respect of the buyer, or any proceedings are commenced relating to the buyer’s insolvency or possible insolvency; or
5.5.2 The buyer allows any execution, whether legal or equitable, to be levied on its property or obtained against it or the buyer is unable to pay its debts as they fall due or the buyer ceases to trade; or
5.5.3 The buyer encumbers or in any way charges any of the goods.