Credit Terms
THE COMPANY AGREES TO THE TERMS SET FORTH IN THE QFS TRANSPORTATION, LLC RULES CIRCULAR, WHICH CAN BE FOUND AT WWW.QFSTRANSPORTATION.COM. THE COMPANY AGREES TO CREDIT TERMS OF PAYMENT UPON RECEIPT OF INVOICE, BUT NO LONGER THAN 30 DAYS AFTER DELIVERY OF THE SHIPMENT. ANY OUTSTANDING BALANCES ARE SUBJECT TO A 1-1/2% PER MONTH INTEREST. THE COMPANY AGREES TO PAY ANY COLLECTION COSTS INCURRED TO COLLECT THE ACCOUNT BALANCE, INCLUDING COURT COSTS, COLLECTION FEES AND ATTORNEY'S FEES OF NOT LESS THAN 33% OF THE UNPAID PRINCIPAL AND INTEREST. CONTRACTOR, CARRIER AND/OR CUSTOMER AGREE THAT QFS TRANSPORTATION, LLC HAS THE EXCLUSIVE RIGHT TO HANDLE ALL BILLING OF FREIGHT CHARGES TO THE CUSTOMER FOR THE TRANSPORTATION SERVICES PROVIDED HEREIN, AND, AS SUCH, CONTRACTOR, CARRIER AND/OR CUSTOMER AGREES THAT IT WAIVES ANY AND ALL RIGHTS TO INSTITUTE ANY COLLECTION EFFORTS AGAINST THE SHIPPER, RECEIVOR, CONSIGNOR, CONSIGNEE OR THE CUSTOMER. AS AN INDUCEMENT TO GRANT CREDIT, THE UNDERSIGNED AGREES TO THE NEED FOR VERIFICATION OF ALL INFORMATION ON THIS APPLICATION AND AUTHORIZES, AND RELEASES THE BANKS, BUSINESSES, AND PERSON IDENTIFIED ON THIS APPLICATION TO FURNISH ANY AND ALL INFORMATION REQUESTED BY QFS TRANSPORTATION, LLC OR ITS REPRESENTATIVE, BY TELEPHONE OR WRITTEN CORRESPONDENCE, WHICHEVER QFS TRANSPORTATION, LLC REQUESTS. THE UNDERSIGNED WARRANTS THAT THE INFORMATION IS TRUE AND CORRECT. AS AN INDUCEMENT TO GRANT CREDIT TO, THE UNDERSIGNED AGREES THAT QFS TRANSPORTATION, LLC HAS THE RIGHT TO OBTAIN THE CREDIT HISTORY OF THE UNDERSIGNED AND AUTHORIZES THE RELEASE OF SUCH INFORMATION BY NATURE HERE. THE COMPANY AGREES THAT THIS CREDIT AGREEMENT AND THE SERVICES PERFORMED BY QFS TRANSPORTATION, LLC SHALL BE GOVERNED UNDER THE LAWS OF THE STATE OF OHIO, AND THAT THE COMPANY IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF ANY COURT OF COMPETENT JURISDICTION LOCATED IN THE COUNTIES OF HAMILTON, BUTLER, CLERMONT, OR WARREN, IN OHIO.