[av_revolutionslider id=’5′]

Application for Credit Facility

A request for an extension of credit. The request must follow the Genesis process and procedures in order to be valid and is subject to credit checks prior to approval by Genesis.

General

The credit limits supplied will be applicable to all services/charges provided except for those as listed below:

  • Duty (Import Charges)
  • Vat (Import Charges)
  • Rent / Demurrage / Storage charges
  • Government imposed Non-specific items

Terms

Unless it is agreed otherwise in writing. Our terms of payment are 30 days end of month from the date of the invoice, these terms may be extended upon application and at the discretion of the directors of the company, however in cases of late payment or dispute the terms of payment revert to 30 days eom. In cases where the account has been closed the payment terms revert to immediate payment, and all outstanding invoices must be paid in full.

Disputed Charges

In the event of any query and pending that query being resolved in a period not exceeding the payment terms agreed, the client undertakes to withhold only the part of the due figure on an invoice as may be reasonably deemed to be in dispute. Any queries must be made in writing and will be dealt with in accordance with our standard terms and conditions.

Penalty

The company reserves the right to revoke credit at any time and specifically declares its intention to do so automatically for the following reasons:

  • Should the payment be unjustifiably held in excess of 7 days beyond payment due date you will incur a 2% late payment fee.
  • Should the total debit be in excess of the total credit limit approved. (Credit levels will be increased in line with turnover)
  • Returned Cheques.
  • Fraud.

Payments

Account details as per invoice.

Your payment may be made by company cheque or FPS transfer. Cash if paid directly into our bank & receipted, It must be made in time and must not exceed your credit period and be for the whole amount due and payable. If a remittance is not sent then the values will be posted against the oldest debt.

You may not withhold shipping payments while awaiting an insurance claim as this will invalidate any claim pending. Payment of shipping charges include the cost of liability insurance costs. It is our recommendation that you always insure your goods against all risks as liability insurances are limited and you may not get back the value of the goods in the event of a claim.