1. The undersigned hereby agrees that should a credit account be opened, after the agreed terms if any invoice is overdue more than 7 days we will be applying a 1.5% interest and therefor 3% 30 day overdue. In the event of default in the payment of any amount due, and if such account is submitted to a collection authority, to pay an additional charge equal to the cost of collection including court costs. Please make sure to submit payments on time.
2. Claims arising from invoices must be made within seven working days.
3. All Invoices are to be paid in Terms agreed upon account opening, COD, Net 15, Net 30 from date of delivery/FOB Date, unless otherwise stated in writing by the AR unlimited supply.
4. Returned product may be subject to 15% restocking fees.
5. Damaged product must be returned or refused immediately for a return authorization subject to a credit or a replacement, depending on the circumstances, only approved by AR unlimited.
6. Please send Resale certificate attached to this application if it applies to your company.
