Credit Application

Application for Credit Incorporating Standard Terms and Conditions of Trade

Account No_________________      (Office Use Only) 

CREDIT APPLICATION

Registered Name of Client: ___________________________________________________________

(Please supply the Trading As name if different to registered name): ________________________________________________ Date Commenced/Incorporated: ________________________________________________

 

 

 

 

 

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Registration Number 

                                                                                                                                                                                                                                              

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

VAT Number

 


Type of Entity (Please tick the appropriate box)

Public Company                                            Private Company 

                                  Close Corporation                 

Partnership                                                     Sole Proprietor

 

 

                                  Trust                                        

Postal Address: _______________________

____________________________________

Postal code: ______________

 

Street Address: _______________________

___________________________________

Postal code: ______________

 

  Property Rented                                                   

 

Property: Owned                                                  

 

Telephone Number: ____________________

 

Fax Number: __________________________

 

Company Email Address 

Please insert mail email address for company

 

 

:___________________________________

 

Website: _____________________________________

 

PERSONAL DETAILS OF DIRECTORS / MEMBERS

Full Names

Residential Address

Identity Number

 

 

 

 

 

 

 

 

 

 

 

 

Trade References

Trade Ref Name

 

Tel No

Contact

Trade Ref Name

 

Tel No

Contact

 

 

 

Trade Ref Name

 

Tel No

Contact

 

Bank Name: ______________________________________ Branch: ______________________________

 

Account Number: ________________________________ Credit Limit Required: _____________________________  

 

Name of responsible person for:

Orders: name & surname

 

Accounts: name & surname

Email Address

 

 

Email Address

 

Auditor company

 

Contact Number

 

Email Address

 

 

Importer’s code: ________________________________

                 

Are the last two years audited Financial Statements available? (Tick appropriate block)  YES           NO

 

  1. I/we, the Client, do hereby apply for credit facilities and in consideration whereof the Client hereby agrees to be bound by your Standard Terms and Conditions of Trade which are annexed to this credit application, and which are deemed to have been received and read by the Client.

 

  1. The Client confirms that a certificate signed by the Secretary or any Director / Member of the Company showing the amount owing by the Client to the Company shall be prima facie proof that the said amount is due, owing and payable and shall be satisfactory proof of what is contained therein for the purposes of any action (whether by way of provisional sentence, summary judgment or otherwise) proof of the debt on insolvency or for any other purpose whatsoever. Where the quantum of the Company’s claim is thereafter disputed by the Client, the Client shall bear the onus of proving that such amount is not owing and/or due and/or payable.

 

  1. The amounts not paid on the due date (either on delivery or in the case of approved accounts, within thirty (30) days of presentation of the invoices) shall bear interest, calculated at the rate of 2% per month calculated from the date upon which payment was due.

 

  • Payment on any clearing or forwarding must be paid on the exact due date as all clearing charges are paid in advance and if payment is made after the due date a finance fee will be applied from the due date.

 

  1. The Client and the surety and co-principal debtor, whose signature appears below, hereby consent in terms of Section

45 of the Magistrate’s Court Act No. 32 of 1944 (as amended) to the jurisdiction of the Magistrate’s Court over the Client and/or the surety and co-principal debtor for the determination of any action or proceedings otherwise beyond the jurisdiction of the said Court.   It is hereby expressly understood that the Company shall be entitled and not obliged to bring any action in any other competent court which has jurisdiction over the Client.  In the event of the Company instituting any action against the Client for any reason or for any amount due in terms hereof and being successful with such action, the Client and the surety and co-principal debtor hereby agree to pay the Company’s attorneys’ legal fees on the scale as between attorney and one’s own client, including collection commission, tracing fees and the like.

 

  1. I/We by my/our signature hereto (if the Client is a Company and/or Close Corporation) do hereby bind myself/ourselves jointly and severally in our personal capacities as surety and co-principal debtor with the Client for the payment to the Company of any amounts which are owing and may at any time become owing to the Company by the Client from whatever cause arising. This guarantee shall be a continuing guarantee and I/we can only be released in writing by the Company who will be obliged to release me/us in writing in the event of the Client and/or ourselves settling the Client’s account with the Company in full.  I/we hereby renounce the benefits of the legal exceptions “non causa debut”, “ordince seu excussionis et divisionis” and “cession of action” the force and meaning and effect of which I/we declare myself/ourselves to be fully acquainted with.   I/We also acknowledge that any certificate issued in pursuance of paragraph 2, above shall be binding upon me/us in any action brought against me/us as surety and co- principal debtor.

 

  1. I/We certify that the information submitted above is true and correct.

 

  1. I/We agree to notify the Company in writing within seven (7) days of any change in ownership of my/our business or should we be a Company or a Close Corporation of any share transaction or members’ sale where shareholding or members’ interest is transferred.

 

  1. I/We undertake to notify the Company in writing of any change of address or our principal place of business and/or registered office, where applicable. The Client chooses as its “domicilium citandi et executandi” for the purposes of the service of all letters, notices, accounts, summonses and the like at the physical address being the principal place of business afore-referred to. The sureties and co- principal debtors choose “domicilium citandi et executandi” at the physical residential addresses which appear alongside their names afore-referred to in this agreement.

 

  1. I/We agree that I/we shall be stopped from denying the validity of an order and that the person in our employ who placed the order did not have the authority to place such order.

 

  1. I/We warrant that I/we are duly authorised to represent the Client and to bind the Client to these terms and conditions of trade.

 

  1. I/We acknowledge that all goods are carried at my/our risk and that the Company shall not be liable in respect of any loss or damages either to the Client or to any other person, whensoever and wheresoever and howsoever, and whether through any act or negligence of the Company, its agents or servants or otherwise, such loss or damage occurs.

 

  1. In the event that the Client at any time exceeds the credit limit, or in the event of any amount not being paid on due date (either on delivery, or in the case of approved accounts within thirty (30) days of presentation of the invoices), then the Company shall have the right, in its discretion, to refuse to transport any goods for the Client  without incurring any liability to any party in respect of such refusal and to withdraw the Client ‘s Credit facilities and all amounts whether due for payment or not shall immediately be due, owing and payable.

 

  1. The Client shall not be entitled to withhold payment of any amount due in terms hereof by virtue of any claim the Client may have for compensation for loss or damage to goods, animals or other property, or for any reason whatsoever.

 

  1. I/We acknowledge having read the above terms and conditions and the attached standard terms and conditions of trade, and without limiting the generality thereof, agree to be bound by all such terms and conditions.

 

  1. No addition to, variation, novation or agreed cancellation of this agreement shall be of any force or effect unless in writing and signed by or on behalf of the parties.

 

  1. PROTECTION OF PERSONAL INFORMATION ACT (POPI ACT)

 

16.1 As a new valued client to TSI Central Station (Pty) Ltd, you agree to have your personal information recorded only in connection with the services received by or rendered to the Company, all the Companies POPI information can be obtained by logging onto https://centralstation.co.za/popia-access/ for full details, you acknowledge by signing below that you understand the POPI Act and our interpretation thereof.

  1. Conditions of Credit
    • The applicant consents to TSI Central Station (PTY) Ltd (TSICS) making enquiries from registered credit bureaus or other credit providers in order for TSICS to conduct a credit or affordability assessment in respect of the applicant and/or to trace the applicant.
    • The applicant acknowledges that TSICS has the right to submit consumer credit information concerning the applicant to registered credit bureau and to other credit providers.
    • The applicant and the person signing this application on behalf of the applicant, certify that it is not an emancipated minor nor subject to an order of a competent court holding it to be mentally unfit nor subject to an administration order and that it has the necessary legal capacity to conclude this contract.
    • TSICS reserves the right to discontinue any account granted to the applicant, and to summarily cancel any agreement, should the applicant have failed to make payment on the due date, whereupon any amounts owing shall immediately become due and payable on demand.
    • The applicant acknowledges that the information provided above is material and will be relied upon to determine whether or not an account will be opened.
    • Nothing in this application shall be construed so as to compel TSICS to grant credit facilities to the Customer, whether in the required settlement terms or in the required credit amount, or at all. TSICS shall nevertheless, in assessing the application, comply with any obligations as may be imposed upon it by law in this regard.
    • The applicant agrees that should any credit facility granted in response to this application be increased at a later stage, then any surety provided by the applicant will increase commensurately.

 

Full Name:             _______________________________ Designation_______________________________

 

This signed on the ___________day of ____________________ at ____________________________

For and on behalf of _______________________________________________   <- Business Full Name>

 

 

 

____________________________________________                               

Signature who is duly authorised to sign on behalf of the company

 

I the above state that I can apply for credit for the above-mentioned company and have such right to do so and in my capacity as the duly authorised representative of the Client.

 

Dated at                                                  on the               day of                            year                    

As Witnesses:

  1. Full Name: __________________________________

 

  1. Full Name: __________________________________

 

 

 

___________________________________                                ___________________________________

Signature:                                                                                           Signature: