Terms and Conditions of Credit

WA Bus and EV Solutions Pty Ltd (WABEV) trading as Perth IVECO hereby advise:

1. Settlement in full will be due and payable within thirty (30) days from the end of the month, for 30-day accounts and within 7 days from date of invoice if credit terms are 7 days. Payment must be made by cash, cheque or direct debit in Australian Dollars. Perth IVECO reserves the right to charge interest at 7.00% on overdue balances outside the terms of this agreement.
2. Without notice, to terminate any or all credit facilities to the agent at the Company’s discretion and all just debts to the Company will then become due and payable immediately upon demand.
3. The customer will indemnify the Company for the costs, being either legal costs and/or collection agent’s cost or commission of recovering just debts owing by the customer.
4. In the event of the sale of the business to another party a new application for credit will be required to be submitted by the new director(s) of that party. Company directors are liable for all debts incurred by a company during any period they hold the office of Director.
5.  All parts supplied remain the property of the supplying Company until payment is received in full and the Company reserves the right to have those parts returned if payment is not received. If the parts are returned and they are damaged, any damage to those parts fall upon the customer to rectify.
6. Any employee or contractor of the customer is acting as an Agent of the customer and is therefore assumed to be an authorised person of the customer and to act with due authority.