I/We the undersigned apply to Cromwell Tools Limited for credit facilities and declare that the information given above is accurate and this application is made solely in connection with a commercial (and not a personal, family, or household) transaction.
In consideration of Cromwell Tools Limited extending credit to the applicant, the customer promises to pay the account outstanding 30 days end of the month of the invoice date.
I/We the undersigned agree to notify Cromwell Tools Limited no later than 30 days from the invoice date of any and all invoice queries.
If the customer fails to make payment within thirty (30) days from end of month of the invoice date, Cromwell Tools Limited may defer shipments until such payment is made, or may, at its option, cancel all or any part of the unshipped order. Cromwell Tools Limited reserves the right to decline the extension of any credit to the customer. The customer agrees to reimburse Cromwell Tools Limited for all costs, including legal fees and bank charges, incurred by Cromwell Tools Limited collecting late or dishonoured payments.
I/We also agree to trade on Cromwell Tools Limited’s Terms and Conditions of Sale or Hire as are applicable at the date of the transaction and confirm that I/We have read the Terms and Conditions of Sale at www.cromwell.co.uk/terms (“Terms and Conditions of Sale”). Cromwell Tools Limited reserves the right to terminate this Agreement for credit forthwith without notice upon a breach by the customer of any Terms and Conditions and all amounts then outstanding will become due forthwith.
Thereafter interest will be charged on a daily basis on all overdue accounts at Lloyds Bank Plc base rate plus 4% per annum until the account is paid in full. Should it become necessary to collect this account by legal proceedings or otherwise, I/We promise to pay all cost of collection, including reasonable legal fees.