Credit Policy Statement - Effective May, 1998
Open Account Terms:
Terms: 2% 10 days,
net 30 (unless specified).
Point- all products. All UPS Shipments via your UPS Shipper number.
Prices current- subject to change without notice.
Contingent upon current and approved credit.
status will be maintained on customers who show consistent activity within a 12
Our Credit Policy:
All accounts due within terms.
All accounts are considered past due at 31
All shipping is discontinued and all
in-house production ceases at 45 days.
At 60 days all invoices past
due and current must be paid in full for any future shipments.
Any customer who exceeds 60 days three (3)
times within a 12 month period will be considered COD. Re-establishment of open
credit terms will be evaluated on a case by case scenario.
All first orders and trials by credit card
or pro-forma payment only.
Our Cash Discount Policy:
Cash discount is only an incentive for
prompt payment within 10 days from
the date of invoice. That period is shown on our invoice and NEVER
includes freight charges.
We will use the USPS stamp on the envelope
to determine if the 10 day period has been adhered to. Because of this, travel time from you to us
in not effective. We allow three days
for travel time from us to you.
Any payment received outside of the above
stated criteria, or that includes freight charge, is considered taken in error
and will be charged back and considered an outstanding accounts receivable
balance. You will only be notified of this once. Our above stated policies apply on this
Return Goods and Credit Policy:
We will accept no returns of merchandise
without a RFA issued by MerLube. It must
be in writing and have an authorized RGA number attached.
All returns will be accepted by us on a
prepaid basis only unless we specify in writing otherwise
All credits are for merchandise only. No accept ions. We do not issue cash vouchers or cash
Lubricants will only be accepted if
returned unopened. Equipment will be
evaluated and determination of credit will be made at that time.
We reserve the right to return to the
sender at their expense any product sent back for return that do not conform to
our return goods policy.
always be available for discussions concerning your particular situation.
Our desire is to maintain good communications
with all of our customers concerning the emotional issue of credit.
always make every attempt to understand your position as we hope you will try
to understand ours.