Conditions of this account facility which an annexure to the credit application made to Cam Africa Stainless Steel CC
The terms are agreed as thirty (30) days from date of the statement with payment due on the last working day of the 2nth month following the month in which a tax invoice has been issued.
Ownership of all goods supplied by the Supplier shall remain vested in the Supplier until such time as the purchase price thereof has been paid in full.
Should the Applicant fail to adhere to the credit terms set out herein or should any payment be dishonored or should any default judgment be recorded against the Applicant and such judgment is not satisfied or rescinded within fourteen (14)days of such judgment being granted, the full balance owing by the Applicant to the Supplier will immediately becomedue and payable and the Supplier shall be entitled to cancel the credit facilit forthwith.
The Supplier warrants to the Applicant that all goods supplied will be free of defects in material and workmanship provided that the Supplier receives a written notice of any alleged defect within three working days from the date of delivery of the goods to the Applicant.
5. Proof of Indebtedness
A certificate issued by the Supplier and signed by any director showing the amount owing by the Applicant in respect of the credit facility shall be prima facie proof of the amount of any indebtedness and also the fact that payment of the amount is due and payable.
Any alterations or amendments made to these terms and conditions shall only be valid if reduced to writing and signed by both the Applicant and the Supplier.
Notwithstanding the amount which may at the time be owing by the Applicant to the Supplier, the Applicant hereby specifically consents to the Jurisdiction of the Magistrates Court in any action proceeding otherwise beyond its jurisdiction, it being understood, however, that the Supplier shall at all times be entitled to bring such action of proceeding in the High Court. If such action is necessary the Applicant agrees to pay all costs on a scale as between the attorney and own client including collection commission and tracing fees, if applicable.
The Applicant hereby chooses its domicilium citandi et executandi for all purposes of this Credit Application and its annexures at the address and contact details on the first page of the application. Any notices to be given for any purpose in terms of this agreement shall be in writing and delivered by hand at the chosen domicilium or sent.
Quotations issued by CAM Africa Stainless Steel will be valid for 30 days only, unless otherwise agreed to in writing.
If this agreement is signed on behalf of a legal person, the signature hereof binds himself as surety and co principle debtor in favor of the Supplier for due fulfillment of all liabilities due and payable now or in future by the Applicant and renounces the benefits of division, excussion and no value received, the meaning of which he declares himself to be fully acquainted with.
Credit Application Download
To extend our gratitude, CAM Africa further offers a 2.5% settlement discount on credit account payments made on time
To download our credit application form, please click the button bellow and save the document on your system.
Please complete all the details on the form and either:
- fax the completed form to (012) 993 3337
- or scan the completed form and email to email@example.com