Terms and Conditions
CREDIT
To establish credit, a CREDIT APPLICATION must be completed in full and returned to Coastal Metal Fab, Inc. Credit is extended to accounts with satisfactory references and payment history. Terms are Net 30 from date of invoice. A finance charge of 1.5% per month will be computed on all invoices past due and are computed on the 15th and 30th days of the month. Accounts past due may be placed on COD status at the discretion of Coastal Metal Fab, Inc. For full details, refer to CREDIT AND COLLECTION POLICY.
DISCOUNTS
On occasion, promotional discounts may be offered. Invoices that offer a discount must be paid within the terms stated. Payments must be postmarked before or on the due date to qualify for the discounts being offered.
RETURNS
A return authorization must be obtained from Coastal Metal Fab, Inc. before returning any merchandise. Returns must be made within 21 days, shipped at customer’s expense (freight prepaid), and must be in new condition. Merchandise, which has been installed or in use may not be returned. Returned items are subject to inspection and if considered to be in resalable condition, the customer will be credited the invoice minus a 15% restocking charge. Custom and special order items are not returnable.
PRICES
Prices are subject to change without notice. Every effort is made to hold prices but unforeseen shortages from our suppliers, which increase our costs, may necessitate that we adjust prices. In the event of price changes, revised price sheets will be forwarded to our customers. Prices are reviewed annually and may change from time to time.
CUSTOM AND SPECIAL ORDERS
Coastal Metal Fab, Inc. will accept orders for items that vary from stock specifications. Custom and special orders may require additional lead-time and therefore ship dates may be later than expected. Customers should confirm ship dates. A deposit may be required on some Custom or Special Orders.
FREIGHT CLAIMS
It is the responsibility of the consignee (customer) to note any shortages or shipping damages on the bill of lading at the time of receipt of shipment. The consignee then files a freight claim with the freight company. As the consignor, Coastal Metal Fab, Inc. will assist in expediting the claim whenever possible.
CREDIT AND COLLECTION POLICY
All customers are required to complete a Credit Application. The Credit Application must be signed by an officer of the company. Upon approval, new customers are placed on a Net 30 Day Account. This means that all invoiced amounts are due 30 days from the date of invoice, (e.g., payment of an invoice dated May 6 shall be received on or before June 6).
If any of the invoiced amounts are not paid by the due date, the following procedures will be followed:
- Beginning on the 15th or 30th day, a 1.5% per month service charge (minimum amount of $1.50) will be added to all overdue accounts. These charges will be treated the same as the rest of the account and will be considered overdue the same as invoiced amounts.
- Any accounts (invoices and/or service charges) reaching 45 days past invoice date will be placed on Credit Hold status. A Credit Hold will freeze all shipments and orders in progress until the overdue invoices and service charges are paid.
- Any accounts reaching 60 days past invoice date will remain on Credit Hold and will lose their Net 30 status. Once these accounts have been paid shipments will resume, but will be strictly DUE ON RECEIPT for six months from the time the account was fully paid. After six months, the customer may again apply for Net 30 status.
- Any accounts reaching 90 days past invoice date will be turned over to our collection agency for immediate collection. The cost of collection and/or legal fees will be added to the account.
- Checks returned due to insufficient funds will be charged a $25.00 ISF fee and the account will be DUE ON RECEIPT, Cashier Check status.
If you have any questions about the above policy or wish to check on status of your account, please contact our office at 207-729-5101.
To establish credit, a CREDIT APPLICATION must be completed in full and returned to M.A. Metal Co. Inc. Credit is extended to accounts with satisfactory references and payment history. Terms are 2% 10, Net 30 from date of invoice. A finance charge of 1.5% per month will be computed on all invoices past due and are computed on the 15th and 30th days of the month. Accounts past due may be placed on COD status at the discretion of M.A.Metal Co. Inc. For full details, refer to CREDIT AND COLLECTION POLICY
DISCOUNTS
On occasion, promotional discounts may be offered. Invoices that offer a discount must be paid within the terms stated. Payments must be postmarked before or on the due date to qualify for the discounts being offered.
RETURNS
A return authorization must be obtained from M.A.Metal Co. Inc. before returning any merchandise.Returns must be made within 21 days, shipped at customer’s expense (freight prepaid), and must be in new condition. Merchandise, which has been installed or in use may not be returned. Returned items are subject to inspection and if considered to be in resalable condition, the customer will be credited the invoice minus a 15% restocking charge. Custom and special-order items are not returnable.
PRICES
Prices are subject to change without notice. Every effort is made to hold prices but unforeseen shortages from our suppliers, which increase our costs, may necessitate that we adjust prices. In the event of price changes, revised price sheets will be forwarded to our customers. Prices are reviewed annually and may change from time to time.
CUSTOM AND SPECIAL ORDERS
M.A. Metal Co. Inc. will accept orders for items that vary from stock specifications. Custom and special orders may require additional lead-time and therefore ship dates may be later than expected. Customers should confirm ship dates. A deposit may be required on some Custom or Special Orders.
FREIGHT CLAIMS
It is the responsibility of the consignee (customer) to note any shortages or shipping damages on the bill of lading at the time of receipt of shipment. The consignee then files a freight claim with the freight company. As the consignor, M.A. Metal Co. Inc. will assist in expediting the claim whenever possible.
CREDIT AND COLLECTION POLICY
All customers are required to complete a Credit Application. The Credit Application must be signed by an officer of the company. Upon approval and after the first pre-paid order, new customers are placed on a 2% 10, Net 30 Day Account. This means that all invoiced amounts are due 30 days from the date of invoice, (e.g., payment of an invoice dated May 6 shall be received on or before June 6).
If any of the invoiced amounts are not paid by the due date, the following procedures will be followed:
- Beginning on the 15th or 30th day, a 1.5% per month service charge (minimum amount of $1.50) will be added to all overdue accounts. These charges will be treated the same as the rest of the account and will be considered overdue the same as invoiced amounts.
- Any accounts (invoices and/or service charges) reaching 45 days past invoice date will be placed on Credit Hold status. A Credit Hold will freeze all shipments and orders in progress until the overdue invoices and service charges are paid.
- Any accounts reaching 60 days past invoice date will remain on Credit Hold and will lose their Net 30 status. Once these accounts have been paid shipments will resume, but will be strictly DUE ON RECEIPT for six months from the time the account was fully paid. After six months, the customer may again apply for Net 30 status.
- Any accounts reaching 90 days past invoice date will be turned over to our collection agency for immediate collection. The cost of collection and/or legal fees will be added to the account.
- Checks returned due to insufficient funds will be charged a $25.00 ISF fee and the account will be DUE ON RECEIPT, Cashier Check status.
If you have any questions about the above policy or wish to check on status of your account, please contact our office at 812-526-2666.
