TERMS AND CONDITIONS
By submitting this application we hereby consent to the above noted Landtran member company to make inquiries into the banking and business references provided. We also hereby acknowledge and consent to further inquiries that will be submitted to third party credit agencies now, and from time to time in the future, to ascertain our ongoing credit worthiness. We also understand and agree that all charges shown on invoices are due thirty (30) days from the earlier of the date of shipping of goods, receipt of the invoice or the invoice date. Payments made by credit card will be subject to additional service charges. It is also agreed and understood that any charges considered overdue based on the aforementioned dates, are subject to a further 2% charge per month and that these further charges shall be added to the original indebtedness owing along with any and all direct costs and fees incurred by the Landtran member company in collecting the applicants account balances, storage, handling and security of goods. It is also agreed and understood that any member of the Landtran Group of Companies shall have the right to satisfy any past due amount from time to time owing by the applicant to any of the Landtran member companies by way of off-set against any amount owing by any Landtran member company to the applicant or its affiliates, subsidiaries, parent or other related party of the applicant. Failure on the part of the applicant to comply with any of these terms shall be deemed sufficient cause to cancel the credit terms immediately with account payment due in full.