Credit Policy
1. Fruge Seafood Company requires full payment of all invoices according to terms on invoice. Acceptance of invoice admits acceptance of terms, products, and pricing stated on that invoice/delivery. Future terms are subject to change without notice.
2. Returns/credits must be noted on original invoice or reported to our office within 24 hours after receipt of goods, or the next business day in the event of weekend deliveries. Short paid invoices are out of terms and can affect extension of credit.
3. Late charges and interest may accrue at the highest rate allowed by law on any balance not paid when due.
4. Balances remaining over 60 days from the invoice date will be considered in default and customer will be liable for any and all costs of collection.
Customer also agrees to pay reasonable attorney’s fees and court and other costs if this account is placed in the hands of an attorney for
collection.
5. Because of the highly perishable nature of our products, we must require strict terms be kept. All accounts are either in terms or late according
to terms extended on each invoice.
6. Payments should be mailed to Fruge Seafood Company, P.O. Box 393, Branch, LA 70516.
I, the undersigned, agree to the CREDIT TERMS AND RETURN POLICIES STATED ABOVE, and grant permission to any of our references to provide Fruge Seafood Company with financial information concerning our company. I hereby certify that the information contained herein is complete and accurate. This information has been furnished with the understanding that it is to be used to determine the amount and conditions of the credit to be extended. Furthermore, I hereby authorize the financial institutions and trade references listed in this credit application to release necessary information to the company for which credit is being applied for in order to verify the information contained herein. I further certify that I have the authority to purchase goods on behalf of the above named entity and all charges will be paid on time and that said company and individual submit to the courts of both the state of Texas and Louisiana.