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2A EDGEHILL, ST.

THOMAS, BARBADOS

CREDIT APPLICATION- FORM


(PLEASE PRINT WHEN COMPLETING FORM)

NAME OF BUSINESS:

REGISTERED ADDRESS:

MAILING ADDRESS:

TELEPHONE#: FAX#:

VAT REGISTRATION#: COMPANY #:

LIMITED LIABILITY CO: YES NO

DATE OF CORPORATION OR REGISTRATION:

NATURE OF BUSINESS:

HOW LONG IN OPERATION:

DIRECTORS /PARTNERS/ PRINCIPAL OFFCIERS AUTHORISED TO SIGN FOR THE COMPANY:

NAME:

ADDRESS:

NAME:

ADDRESS:

ARE YOUR BUSINESS PREMISES OWNED? RENTED:

IF RENTED GIVE NAME AND ADDRESS OF OWNER:

MAXIMUM AMOUNT OF CREDIT APPLIED FOR:

TRADE REFERENCES

CONTACT: CONTACT:

ADDRESS: ADDRESS:

PHONE: PHONE:
TRADING TERMS AND CONDITIONS

1) All accounts become due and payable on or before the end of the month following in which the goods were
charged. Charge: 30 days
2) Credit facilities may be withdrawn on an account that is more than one month over due.
3) In the event you fail to pay any outstanding balance overdue, you agree to fully indemnify us against any expenses
we may incur in recovering or seeking to recover money due to us under this Agreement including but not
limited to all reasonable legal and debt collection costs, bailiff fees and out-of-pocket expenses. These costs
will also include (but will not be limited to) all debt collection commission charges as set by the Barbados
BAR Association and set out in SI No. 55 of the Legal Profession Act CAP 370A of the Laws of Barbados
and being the legal profession rules 1997.
4) We reserve the right to amend credit limits.
5) Time for payment of accounts shall be deemed to be of essense of this Credit Agreement.
6) In the event of nonpayment by the Company of a sum due to us under the Terms of this Agreement all the
Directors of the Company agree to guarantee, and understand that they shall be considered guarantors of all
the obligations of the Company hereunder and shall jointly and severally be liable for and in respect of all
the Company's obligations as hereunder and shall be obligated to pay to us on demand all such sums due
to us by the Company hereunder including but not limited to any overdue payment, interest, thereon in
accordance with Clause 2 and the legal and debt collection costs, bailiff fees and out-of-pocket expenses under
Cluase 11 hereto 2.
7) Statements of account are rendered monthly and any differences should be reported to us within 30 days of
receipt of statements. If no differences are reported during this period it will signify your agreement with
our statement.
8) Property and or ownership of the goods shall not pass until they have been paid for and the payment has been
receipted by Sundale Foods Inc. Sundale Foods Inc. therefore reserves the right to collect all unpaid goods
or to commence legal action for payment of same.
9) The applicant must submit a copy of the Incorporation or Registration certificate along with the application.

We declare that the above information is true, correct and complete and is given to induce the Company to extend credit.
We authorize the Company to make such credit investigation as the Company sees fit, including contacting the above
trade references and obtaining credit reports. We authorise all trade references and credit reporting agencies to disclose
to the Company any and all information concerning the financial and credit history of my company and myself.

I have read the terms and conditions stated above and agree to all of those terms and conditions.

Name of Company: Company Seal of Customer


Authorised Signature:
Title:
Printed Name:

OFFICIAL USE ONLY

CREDIT LIMIT APPROVED: $ CREDIT RATING:

APPROVED BY: DATE:

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