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SFL CREDIT APPLICATION

SFL CREDIT APPLICATION
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  • Stephen Frederick Logistics Inc. shall hereinafter be referred to as SFL and the applicant shall be referred to as “Applicant”. TERMS OF SALE: Our terms of sale are NET 30 DAYS – DATE OF INVOICE. Accounts will receive a reconciling statement of their account each month. Interest of 2% per month (24% per annum) Accounts with balances of over 60 days or which h ave exceeded their credit limit may be placed on Credit Hold and may remain on hold until account status is within terms. Deductions for claimed errors in shipping or invoicing deducted from payment is not allowed until creditmemo is written. CREDIT POLICY: SFL reserves the right to close or cancel a credit account without notice. I/We declare under penalty of perjury that the foregoing information is true and correct and agree to SFL Standard Terms and Conditions SFL is authorized to obtain credit reports/financial information as necessary to evaluate credit status GUARANTY OF ACCOUNT In consideration of the extension of credit to the customer by SFL and as an inducement to SFL to continue to extend credit to said applicant, the undersigned jointly and severally, unconditionally guaranty the payment of all sums of money as are now or at any time hereinafter may be owing to SFL by said applicant, as a result of SFL extension of credit, any undersigned guarantor who is married expressly represents the he/she has been duly authorized by a non-signing spouse for the purpose herein, so as to bind their martial community.This is intended to be a Continuing Guaranty and shall not be revoked except by written notice to SFL not to make any further sales and deliveries on the security of the guaranty and until the expiration of five (5) days after such notice has been received by SFL by registered mail, return receipt requested. Any such revocation shall be effective only with respect to merchandise shipped or delivered after the expiration of said five day period, and shall not affect, in any respect liability incurred by the undersigned prior to that time. _
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