Terms and Conditions:
I understand that the normal trading terms are strictly 7 days or per terms of the mutually agreed invoice. I undertake to pay all accounts on the due date and acknowledge that if the account becomes overdue, it can be automatically suspended until brought within the trading terms.
I understand that interest may be charged on overdue balances (15% p/a, calculated from date of invoice), and additional penalty fees may apply (including late fees calculated at the agreed rate of 25% on invoiced amount plus any legal costs incurred) where applicable.
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I XXXX being Guarantor for the applicant company absolutely, unconditionally and irrevocably guarantee to you, the supplier, payment of all such goods sold and/or services rendered, as invoiced. Should upon the occurrence of any default in the due payment by the company, then you, the supplier, shall be entitled to proceed against me under this guarantee for any loss or damage incurred by you and in all respects you shall be entitled to treat me the guarantors as if I had obtained the goods or services from you directly. I certify that I am authorised to sign this Credit Application form on behalf of our business and that the information given is true and correct.
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