I/We acknowledge that your credit terms are strictly for settlement on 20th of the month following the date of supply and I/We undertake to pay all accounts on the due date.
I/We also authorise you to charge interest at 2% per month on any balance which may remain unpaid on the last day of the month following date of supply, unless the account is in dispute, in which case Coastal Autos BOP Limited (here forth referred to as ‘the company’) must have been advised and any amounts not in dispute, paid. Such interest charges may be debited direct to my account and will be paid according to your credit terms.
Where accounts are not settled by due date the company reserve the right without notice, to withhold the supply of parts and service on credit terms until the account is settled in full. Continued non-compliance will result in the account being closed, and legal action taken to recover the amounts outstanding, including the costs of collection and interest.
Variation of Terms & Conditions: The Company reserves the right to amend these terms and conditions at any time and from time to time by giving to the Customer notice in writing and use thereafter by the Customer of this account shall constitute acceptance of any such amendments.
I/We irrevocably authorise ‘the company’ to collect any such information as it may require for its credit inquiries from any third party as it considers appropriate. Accordingly, I/We authorise any person or business to provide ‘the company’ with such information as it may require in response to its credit inquiries. I/We consent to you using the information collected so that ‘the company’ can keep me informed of their products, offers and services.
I/We also irrevocably authorise ‘the company’ to furnish to any party of this credit application and any subsequent dealings that I/We may have with it as a result of this credit application being actioned by ‘the company’.
Personal Guarantee: In consideration of the provision of credit to the above company / partnership, and in acknowledgement to the Terms of Trade and Conditions of Sale, I / we unconditionally and personally guarantee the payment of all accounts by the company / partnership, including interest and all enforcement costs and charges as principal debtor(s) and my / our liability as such shall remain to be in full force and effect until full payment is received by Coastal Autos BOP Limited.