APPLICATION FOR CREDIT FACILITIES

As the applicant, we hereby apply for an account credit facility for the opening of an account with Onlineindustrial Pty Ltd.
Registration No. 2017/06446/07 Domicile: 23, N12 Industrial Park, 188 Dr Vosloo Road, Bartlett, Boksburg, Gauteng 1459.

ACCOUNT TERMS AND CONDITIONS

1. Preamble
   • I the applicant hereby warrant that I am duly authorized by the debtor, “we”, “the undersigned”, “client” to apply for the account credit facility on its behalf and that all details and information within is true and correct.
   • I, we hereby confirm that I, we have read and understood Onlineindustrial account terms and conditions, Onlineindustrial General terms and conditions and furthermore accept and acknowledge that these terms and conditions form part of this application.
   • I, we hereby accept and acknowledge that under the provisioning of Onlineindustrial terms and conditions, product/s in association and supplied by Onlineindustrial are bound to OEM/manufacture/importer terms and conditions.
   • Account credit facilities may only be considered once the original application form and requested documentation is completed and signed by an authorized owner, partner, director, or member and received by Onlineindustrial accounts administration.
   • I, we hereby warrant and agree to notify Onlineindustrial immediately of any changes to information and details, ownership hereof, within the account credit application. (For your own safety and ours please notify us immediately of any procurement staff’s dismissal.)
   • I, we agree to abide by the limits and terms designated by Onlineindustrial.

 

2. Terms and condition of sale
   • No orders placed with Onlineindustrial will be binding until accepted by Onlineindustrial Pty Ltd.
   • Onlineindustrial reserves the right to not accept, cancel orders placed.
   • Onlineindustrial shall not be deemed liable nor responsible for order/s not processed without an official order.
   • I, we agree any form of order/s is legally binding to the client’s liability and accountability, such as but not limited to verbal orders, email orders or any other form of communication and instruction.
   • Onlineindustrial may decline an order if the order quantity does not comply with minimum quantity order/s. Onlineindustrial will duly notify the client thereof.
   • All product/s availability and price/s are quoted at time of inquiry and may differ at time of purchase/s, of which Onlineindustrial shall not be deemed liable for any stock shortages, price variations, delays, loss, damage or whatsoever thereof. All price/s quoted exclude VAT and transportation fees.
   • All prices are quoted in (ZAR) South African Rand.
   • The applicant’s delivery address may not be changed without prior notification accepted by Onlineindustrial of which Onlineindustrial may charge additional delivery fees if applicable and shall not be held responsible liable for delays, loss, expenses or whatsoever thereof. In the event of order cancellation by the client in such an event, the client agrees to be liable for any charges, expenses incurred from the transaction and return/cancellation of order/s.
   • Any changes in the ordered quantities will be charged on a pro-rata basis according to relevant applicable prices as in offer, if agreed in writing, and subject to the condition that Onlineindustrial has sufficient stock on hand.
   • The invoice price reflected on Onlineindustrial invoice shall be paid by the account holder without any deduction, and in accordance with the terms of payment which the parties hereto might from time to time agree.
   • Onlineindustrial reserves the right to invoice portions/part order/s, as and when delivered to the applicant.
   • The account holder may not transfer, assign, cede any of its rights or delegate any of its obligations arising out of this agreement.
   • The account holder may not return any products or services to Onlineindustrial in lieu of payment of any debt due by the account holder to Onlineindustrial.
   • Onlineindustrial reserves the right to revoke the account holder’s order/s, and request that the customer pay in advance for products purchased/ordered.
   • Onlineindustrial products purchased/used/operated by the applicant, user, third party shall be deemed liable, capable, trained, and experienced in the use and maintenance of the product/s and the applicant indemnifies Onlineindustrial for any damages, loss, expenses or whatsoever thereof.
   • The applicant agrees and permits Onlineindustrial to share any information in this application with any Credit bureau, trade credit insurer, risk management agent, debt collector, who in turn may share this information with 3^rd parties for the purpose of credit risk assessment, credit risk analysis, debt collection, payment performance, payment default and specifically regarding the applicant meeting their obligations under any trade credit facility granted under this application.
   • Onlineindustrial 30 Days Account holders are stickly thirty days from date of invoice/ first month’s statement, and may not carry invoices, payment/s, nor withheld any payment/s for whatsoever reason into 60 Days from date of invoice/first statement. In the event of such infringement the client will be liable for a 20% interest per 30 days, as per outstanding statement value and thus agrees to full liability and responsibility of any additional fees and charges, collection fees, legal fees, tracing agents pertained to and from Onlineindustrial Pty Ltd and associates, that may be incurred thereof. The customer further agrees that in the event of its default in any respect whatsoever towards the creditor, the creditor shall be entitled to place the customer on “Stop supply” without any notice notwithstanding that the customer may have placed on order for the supply of goods prior to the stop supply date. The customer, account holder, directors, surety/ies hereby consent to the jurisdiction of the Magistrate’s court for all actions, which may be instituted against one, or all for the recovery of any amounts owing to the creditor and associates. All goods and services remain the property of Onlineindustrial Pty Ltd until full payment has been received by the creditor in respect of any such goods supplied to the customer and interests, fees, penalties paid in full. No amendment and/or alteration and/or variation and/or deletion and/or addition and/or cancellation of these terms and conditions, whether consensual and unilateral and bilateral shall be of any force and effect unless reduced to writing and signed by the creditor. No agreement, whether consensual or unilateral or bilateral, purporting to obligate the creditor to sign and written agreement to amend, alter, vary, delete, add, or cancel these terms and conditions shall be of any force and effect unless reduced to writing and signed by the creditor.  No warranties, representations or guarantee have been made by the creditor or on its behalf which may have induced the customer and/or the surety to sign this document.
   • Buyouts and special purchases are strictly COD, other than agreed upon by Onlineindustrial Pty Ltd.
   • Onlineindustrial 30 Days COD current account holders’ payments are due on the 1^st of each month and may not carry invoices, payment/s, nor withheld any payment/s for whatsoever reason into 30 Days. In the event of such infringement the client will be liable for a 20% interest per 30 days, as per outstanding statement value and thus agrees to full liability and responsibility of any additional fees and charges, collection fees, legal fees, tracing agents pertained to and from Onlineindustrial Pty Ltd and associates, that may be incurred thereof. The customer further agrees that in the event of its default in any respect whatsoever towards the creditor, the creditor shall be entitled to place the customer on “Stop supply” without any notice notwithstanding that the customer may have placed on order for the supply of goods prior to the stop supply date. The customer, account holder, directors, surety/ies hereby consent to the jurisdiction of the Magistrate’s court for all actions, which may be instituted against one, or all for the recovery of any amounts owing to the creditor and associates. All goods and services remain the property of Onlineindustrial Pty Ltd until full payment has been received by the creditor in respect of any such goods supplied to the customer and interests, fees, penalties paid in full. No amendment and/or alteration and/or variation and/or deletion and/or addition and/or cancellation of these terms and conditions, whether consensual and unilateral and bilateral shall be of any force and effect unless reduced to writing and signed by the creditor. No agreement, whether consensual or unilateral or bilateral, purporting to obligate the creditor to sign and written agreement to amend, alter, vary, delete, add, or cancel these terms and conditions shall be of any force and effect unless reduced to writing and signed by the creditor.  No warranties, representations or guarantee have been made by the creditor or on its behalf which may have induced the customer and/or the surety to sign this document.
   • For all purposes under this agreement including giving of any notice, the services of any process and for all other purposes arising from this agreement, the customer and the surety/ies hereby choose domicilium citandi et executandi at the physical address of the customer stipulated and of the face hereof.
   • No relaxation or indulgence granted by the creditor to the customer and/or the surety/ies shall be deemed to be a waiver of any of the rights of this agreement and the customer agrees to operation of law (Confusio or commixtio) from goods received incorrect, generic nature, broken, used.
   • The signatory/customer/user hereby binds himself/herself in his/her personal capacity as director (in the case of a company), member (in the case of a close corporation) or owner or partner as co-debtor jointly and severally for the full amount due to Onlineindustrial and agrees that these terms and conditions will apply mutatis mutandis to him/her.
   • I, we the undersigned hereby agree and permit Onlineindustrial entitlement to:

2.2.1 Access information and data of any credit bureau or its agents or its clients pertaining to “Company”.

2.2.2 Access information and data of any credit bureau or its agents or its clients pertaining to “Directors, members, partners”.

 

 

Signed at ___________________________   on this date    YYYY/MM/DD   by (Print name): ________________________________

 

Signature (Applicant) _________________________                                        Director (Member): _____________________________  

 

As witness Name: ___________________________                                          Witness signature: _____________________________

 

 

 

 

 

 

 

 

APPLICATION FOR CREDIT FACILITIES

APPLICANT PROFILE

Type of business entity:      

Public company	Private company	Closed corporation	Sole Proprietor	Joint Venture	Trust
Consortium	Government	Partnership	Other (Specify)

Business nature:      

Agent	Distributor	Consultant	Contractor	Ecommerce	End user
Free Lancer	Manufacture	Merchant	Retailer	Wholesaler	Importer
Exporter	Service Provider	Other (Specify)

Type of business industry:      

Advertisement	Aerospace	Agriculture	Architecture	Arts	Automation
Automotive	Carpentry	Catering	Chemical	Computer	Construction
Civil	Earth Moving	Education	Electrical	Electronics	Energy
Entertainment	Engineering	Farming	Fashion	Finance	Fishing
Food	Forestry	Government	Health Care	Hospitality	I.T
Manufacturing	Media	Mining	Music	Petroleum	Pharmaceutical
Plumbing	Real estate	Recycling	Software	Technology	Telecommunication
Textile	Tourism	Trade	Transportation	Turnkey	Water Works
Other (Specify)

South African Provinces of business conduct:      

Eastern Cape	Free State	Gauteng	KwaZulu Natal	Limpopo	Mpumalanga
Northern Cape	Northwest	Western Cape	Other (Specify)

Countries of business conduct:      

Algeria	Angola	Benin	Botswana	Burkina Faso	Burundi
Cabo Verde	Cameroon	CAR	Chad	Comoros	Congo (DRC)
Djibouti	Egypt	Equatorial Guinea	Eritrea	Eswatini	Ethiopia
Gabon	Gambia	Ghana	Guinea	Guinea-Bissau	Kenya
Lesotho	Liberia	Libya	Madagascar	Malawi	Mali
Mauritania	Mauritius	Morocco	Mozambique	Namibia	Niger
Nigeria	Rwanda	Sao Tome & Principe	Senegal	Seychelles	Sierra Leone
Somalia	South Africa	South Sudan	Sudan	Tanzania	Togo
Tunisia	Uganda	Zambia	Zimbabwe	Other (Specify)

Product categories of interest:      

Abrasives	Adhesives & Tapes	Bearings	Branding	Brush ware	Construction equipment
Chemicals	Cutting tools	Electric motors	Electrical equipment & instrumentation	Electrical control panels	Fasteners & flanges
Landscaping equipment	Generators & machinery	Hardware	Hydraulic fittings & hoses	Irrigation equipment	Janitorial equipment
Lifting equipment	Lighting equipment	Lubricants	Machine tools	Machinery	Measuring tools & instrumentation
Medical equipment	Milling & Turning consumables	Mobility equipment	Packaging equipment	Paints	Plastic ware
Polyurethane wear parts	Pneumatic tools	Pumps	PTFE products	Site maintenance equipment	Solar products
Stationary	Ropes	Tools	Valves	Welding Alloys & consumables	Welding machines
Workshop equipment	Other (Specify)

APPLICATION FOR CREDIT FACILITIES

 

COMPANY DETAILS

0-1

2-4

5-10

10-20

Number of Company branches:      

Number of employees:      

0-4

5-10

10-20

20-50

50-100

100+

 

Date of application:     YYYY/MM/DD                                                             Date established:     YYYY/MM/DD

Registration No.              /                /                                                               VAT. No.   ________________________-

Company trading name:   ___________________________________   Company registered name:  ___________________________________

Domicilium citandi et executandi / Company address:  _______________________________________________________________________

Town: __________________   State/Province: _______________________    Country: _______________________   Postal Code: ___________

Company postal address: _______________________________________________________________________________________________

Delivery address:  _____________________________________________________________________________________________________

Town: __________________   State/Province: _______________________    Country: _______________________   Postal Code: ___________

Hand

Post

Subject to National credit act, the customer elects to receive notices at its domicilium address above by

CONTACT DETAILS

Company Tel No. _________________    Fax No. __________________    Cell No. __________________   Email: _________________________

Accountant Name:  _________________________________________     Tel No. __________________    Email: _________________________

Procurement manager Name:  ________________________________     Tel No. __________________    Email: _________________________

Buyer Name:  ______________________________________________     Tel No. __________________    Email: _________________________

Buyer Name:  ______________________________________________     Tel No. __________________    Email: _________________________

Factory foreman/manager Name:  ______________________________    Tel No. __________________    Email: _________________________

Inventory/Stock controller Name:  ______________________________    Tel No. __________________    Email: _________________________

DIRECTOR/S DETAILS
(Names of directors of the company, members, partners, trustees)

Full Name: _____________________________________                                   Full Name: _____________________________________ 
I.D No.        _____________________________________                                   I.D No.        _____________________________________                           
Address:     _____________________________________                                   Address:     _____________________________________
                    _____________________________________                                                        _____________________________________
                    _____________________________________                                                        _____________________________________
Tel No.       _____________________________________                                    Tel No.       _____________________________________  
Shares:                           %                                                                                              Shares:                           %                                           

Full Name: _____________________________________                                   Full Name: _____________________________________                                    
I.D No.        _____________________________________                                   I.D No.        _____________________________________                                                        
Address:     _____________________________________                                   Address:     _____________________________________                                                      
                    _____________________________________                                                        _____________________________________
                    _____________________________________                                                        _____________________________________
Tel No.       _____________________________________                                    Tel No.       _____________________________________    
Shares:                           %                                                                                              Shares:                           %                                                                                                 

 

APPLICATION FOR CREDIT FACILITIES

TRADE REFERENCES

Company:   _____________________________________                                   Company:    _____________________________________ 
Contact:      _____________________________________                                   Contact:       _____________________________________                           
Tel No.         _____________________________________                                   Tel No.         _____________________________________
Email:           _____________________________________                                   Email:           _____________________________________
Credit limit: _____________________________________                                   Credit limit: _____________________________________                                                        

Company:   _____________________________________                                   Company:    _____________________________________ 
Contact:      _____________________________________                                   Contact:       _____________________________________                           
Tel No.         _____________________________________                                   Tel No.         _____________________________________
Email:           _____________________________________                                   Email:           _____________________________________
Credit limit: _____________________________________                                   Credit limit: _____________________________________     

Rented

Owned

0-1

2-4

5-10

10-20

Property ownership:                                                                                
                             Rental age:                                                                                                       

Property landlord Name:  ______________________________    Tel No. __________________    Email: _________________________    

BANKING DETAILS

Year opened:     YYYY/MM/DD             

Bank Name:     __________________________________                                    Account holder Name: _____________________________
Branch Name:  __________________________________                                   Branch Code:                  _____________________________
Account Type:  __________________________________                                   Account Number:          _____________________________

TRADE CREDIT FACILITY

30 Day Current Account

30 Day Account

Type of Account:

Credit limit Request:      

R10 000.00

R20 000.00

R30 000.00

R50 000.00

R100 000.00

R200 000.00

R300 000.00

R500 000.00

R1 000 000.00

Estimated monthly purchases:      

R10 000.00-R20 000.00

R30 000.00-R50 000.00

R100 000.00-R200 000.00

R300 000.00-R500 000.00

R1 000 000.00+

 

Applicant security offering:

Personal Surety	Cession of Insurance Policy	Cession of Debtor	Property Guarantee	National Bond over Stock	Cross Company Guarantee
Other Security (Specify)

 

 

Signed at ___________________________   on this date    YYYY/MM/DD   by (Print name): ________________________________

 

Signature (Applicant) _________________________                                        Director (Member): _____________________________  

 

As witness Name: ___________________________                                          Witness signature: _____________________________