1. Credit will be allowed to those accounts that have a good prior credit record with this company and to new accounts with an approved credit application.
2. The General Manager or Credit Manager determines the dollar amount of credit given to an individual or Company.
3. The Closing date of the billing cycle will be after the last day of business of each month.
4. All accounts MUST BE PAID IN FULL by the 10th of each month
following purchases.
5. Accounts unpaid by the 10th will be considered delinquent and shall receive no further credit. A monthly 1 1/2% finance charge (18% Annual Percentage Rate) will be imposed on all delinquent accounts.
6. A cash discount will be applied on all deliveries of bulk fuels, LP gas, fertilizer and chemicals, if payment is received in our office within 10 banking days of delivery. There will be NO cash discounts allowed for semi-load deliveries.
7. Patrons who have signed the Premiere agreement will be charged cash price for any fuel, gas, or propane delivered--if paid by the 10th of the month.
8. All heating accounts will have the option of using the budget plan or complying with the CREDIT POLICY stated above.
9. The company WILL NOT be responsible for keep fill agreements on accounts that are past due.
10. Credit for fertilizer and chemical will be allowed on approved accounts or to those patrons who have established a GOOD CREDIT RECORD.
11. Production liens will be filed on past due accounts at the discretion of the General Manager or the Board of Directors. The cost of filing will be billed directly against the patron's account.
12. All previous credit policies either stated or implied, have now been
rescinded and are void.
