STANDARD TERMS OF BUSINESS


Standard Terms of Business for Freight Customers


Accounting-Credit Accounts
1. The Stena Line Freight Division of Stena Line Scandinavia AB in Sweden ("SLF") will issue to the freight customer ("the Customer") an invoice in respect of each consignment made under an authorised credit account. Payment terms are stated on each invoice.

2. Where any part of any invoice may be questioned by the Customer in good-faith, the amount in question may be deducted until the query is resolved but the balance must be paid in full. Details of any query, including the invoice number, date of sailing and the reason for the deduction, must be notified to SLF within the period of credit allowed in paragraph 1.

3. No claim of any kind against SLF (or any carrier) shall be set off against any payment due and payable to SLF under these terms.

4. Credit facilities are for the carriage and incidental charges payable to SLF. Credit facilities do not extend to amounts due to local customs and excise authorities in the port of arrival in respect of customs duty or value added tax. It is the responsibility of the Customer to ensure that sufficient funds are available at the port concerned for duty and tax to be paid.

5. Except where other arrangements are agreed in writing by SLF, SLF will issue Credit Authority Vouchers ("CAV's") to the Customer and the Customer will be responsible for ensuring that a CAV is produced for each consignment. Where SLF has agreed in writing that CAV's may be transferred by the Customer for use by third parties, the Customer shall strictly comply with all conditions applied by SLF to any such third party use. The Customer shall remain liable for all charges arising in relation to the Customer's credit account regardless of whether the CAV or other documentation concerned is used by the Customer or by a third party.

6. If the Customer is in default in making a payment under these terms or exceeds it's credit limit or permits the use of CAV's by third parties without authority from SLF or fails to comply with these terms in some other way, then SLF may at it's discretion, cancel the Customer's credit account at which time all amounts from the Customer to SLF shall become payable immediately upon written demand from SLF.  

 
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