1. Pacific Marine and Industrial
offers to set up on account those customers who purchase from
Pacific Marine and Industrial on a regular basis.
2. Companies
that desire credit terms with PM&I can request a credit
application and credit check at any time after their first
order. Credit terms will not be considered for customers
that are placing their first order.
3. Should a company be qualified for credit terms
and be approved by the PM&I accounting department, credit terms offered will be net 30 days from date of shipment which will also be the invoice
date.
4. Public Traded
Companies that are listed on major stock exchanges and Government organizations such as US
and other listed country Federal, State, Province, County,
City and other local
Government organizations have been pre approved with the credit terms of Net
30 days from invoice date. If the customer prefers a credit
card can be used for payment of invoices, see credit card policy
in item 7 below.
5. Customers that
are not set up with PM&I on credit terms can make payment in the
following manner: - credit card (see credit card policy
in part 7 below) - check - wire transfer -
letter of credit (see letter of credit policy in part 6 below)
6. Pacific Marine and Industrial will
accept payment by letter of credit at the request of the
purchaser for orders of value $10,000 USD (or equivalent in
other currency) and greater. All
bank charges associated with the order will be at the expense of
the applicant. See
our Letter of Credit Policy.
7. Credit card policy:
- Credit cards accepted are MasterCard, Visa, American Express,
Diners Club, Discover and JCB - Credit cards
will be accepted on all orders if desired by the customer -
Credit card fees: - Orders under
$5,000.00 USD (or equivalent value in other currency) no fee - Orders over
$5,000.00 USD (or equivalent value in other currency) will have the fee charged by the card companies
added to the order
- Personal card +1.99%
- Business card +2.99%
- International card +3.99%
- On orders over
$5,000.00 USD, the customer must sign and
return the credit card authorization sheet. If the order
is not returnable, the authorization sheet will specify that the
card charge is not refundable.
- Customer
must provide all necessary credit card information associated
with charging the card: - name on
card - card number
- expiry date - card bill to address
and postal code - security code on
back (last 3 digits in name block)
8. If a company has not placed an order
with Pacific Marine & Industrial within 2 years, they must
resubmit their credit application and references to reestablish
credit with Pacific Marine & Industrial.
9. All orders over $20,000.00 USD or
equivalent value in other currency are subject to additional
credit approval by the General Manager of Pacific Marine &
Industrial.
