The Customer hereby applies to open a credit account with 3Ts Logistics LLC and affiliate companies hereby referred to as '3Ts'. The customer and each person signing this application (each an 'applicant') confirms that they have read and fully understand the terms and, in consideration for '3Ts' agreeing to provide services on credit to, or for the benefit of, the Customer, the Customer accepts and agrees to be bound by the Terms.
LIABILITY FOR FREIGHT CHARGES subject to its sole discretion, 3Ts Logistics shall extend credit to qualified customers. All charges shall be paid within 30 days of invoice without offset. Invoices not paid within 30 days shall be subject to interest at a rate of 1.5% per month until paid. If collection efforts are required by 3Ts Logistics to collect any amount due, collection fees at the rate of 25% or $300, whichever is greater, shall apply.
Payment Terms: Due in full within 30 days of invoice.
Disputes: Disputes must be brought to 3Ts Logistics attention within 15 days of receiving invoice and are not an excuse for non-payment. All disputes should be cleared up within 15 days.
Collection Policies:
• At 45 days past due, 3% service fee will be added to invoice amount.
• At 60 days past due, 5% service fee will be added to invoice amount.
• At 90 days past due- Sent to collections and reported to all Credit Reporting Bureaus including Dun & Bradstreet, Trans Union, TRW, and Equifax. Collection fees at a rate of 25% or $300, whichever is greater, will be added to the invoice.
Each person signing this application confirms that:
1. The information given in this application is true and correct.
2. He/She/It is not insolvent, an undischarged bankrupt (nor previously been adjudged bankrupt or admitted to the no asset procedure under the Insolvency Act 2006) and there are no outstanding judgements against He/She/It. And;
3. He/She/It is not aware of anything that may adversely affect his/her/its ability to fulfill his/her/its obligations to '3Ts'.