7.1 The legal title of the Products shall not pass to the Customer until all sums due or payable by the Customer to the Company whether in respect of the Products or otherwise howsoever shall have been received by the Company. Until such time the Customer shall hold the goods as bailee of and in a fiduciary capacity for the Company and shall further:-
7.1.1 Store the Products separately from any other Products and so as to be identifiable as the property of the Company;
7.1.2 Be responsible for any loss or damage to the Products howsoever caused;
7.1.3 Except as provided in sub-clause (7.1.2) hereof, not sell, pledge, assign, charge or otherwise dispose of the Products or any interest herein;
7.1.4 Deliver up the Products to the Company at any time on demand and/or permit the Company its servants or agents, at any time without notice to enter upon the Customer's premises and retake possession of the Products.
7.2 The Customer shall be entitled to sell in the ordinary course of its business any of the Products, in which title shall not have passed to it, on condition that the Customer shall hold on trust for and (on demand made by the Company) pay or transfer to the Company the proceeds of such sale and all claims that the Customer may have against its purchaser as the result of such sale.
7.3 The Customer (if so requested by the Company), any liquidator, receiver, manager or administrator of the assets of the Customer shall pay into a separate bank account for the sole benefit of the Company all sums received in respect of any sale by the Customer or the liquidator, receiver, manager or administrator of any on the Products in which title has not passed to the Customer.
7.4 Pending payment of the full purchase price of the Products, Customer shall at all times keep the Products comprehensively insured against loss or damage by accident, fire, theft and other risks usually covered by insurance in the type of business carried on by the Customer in an amount equivalent to the price outstanding.