TERMS OF TRADE

Terms and Conditions

(Dependent on invoice states.)

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# 7 DAYS FOR PAYMENT:

THIS WORK WAS CONTRACTED AND AGREED TO ON THE BASIS OF TERMS;

7 DAYS FOR PAYMENT UNLESS PRIOR ARRANGEMENT HAS BEEN MADE.

OR

# 20th OF THE FOLLOWING MONTH FOR PAYMENT:

THIS WORK WAS CONTRACTED AND AGREED TO ON THE BASIS TERMS OF;
20th OF THE FOLLOWING MONTH FOR PAYMENT.

OR

# END OF THE FOLLOWING MONTH FOR PAYMENT:

THIS WORK WAS CONTRACTED AND AGREED TO ON THE BASIS TERMS OF;
END OF THE FOLLOWING MONTH FOR PAYMENT.

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# PENALTY RATES:
From now on any late payments will be charged a PENALTY RATES of:
• An initial 5% penalty may be charged on the DAY AFTER the due date.
• A further 10% penalty may be charged if there are still unpaid invoices

- Including penalties due by the 20th of the same month and on the 20th of each following month.
# Outstanding Debtors are referred to an AKLD Debt collections.
- Collection fees will be added to the original invoice amount charged.

-  All debt collection costs incurred by Trinicor Eng for the collection of any of the client’s unpaid

  invoices shall be paid by the client.

# OUR RIGHTS TO COMPENSATION FROM YOU:

- Where you do not meet your responsibilities to us, you must pay for any reasonable expenses we 

   incur in collecting any money you owe us or in exercising any of our other legal rights.

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