Payment & Credit Terms
Please submit all Purchase Orders by email. Purchase Orders are accepted On Approved Credit only.
For customers with established Intrinsically Safe Store credit
For customers with established Intrinsically Safe Store credit, payment terms are net thirty (30) days from the date of order. All credit extended by Intrinsically Safe Store to customer, and the limits of such credit, is at Intrinsically Safe Store's sole discretion, and may be reduced or revoked by Intrinsically Safe Store at any time, for any reason. As a condition for the continued extension of credit, customer agrees to provide Intrinsically Safe Store with current credit references upon request by Intrinsically Safe Store. Intrinsically Safe Store reserves the right to charge a convenience fee for late payments. Intrinsically Safe Store further reserves the right to charge customer a late payment fee at the rate of ten percent (10%) of the amount due for each month or portion thereof that the amount due remains unpaid, or such amount as may be permitted under applicable law. Anticipation and cash discounts are not allowed. Export orders are subject to special export payment terms and conditions. All payments must be made in U.S. dollars. Intrinsically Safe Store has the right of set-off and deduction for any sums owed by customer to Intrinsically Safe Store.
If customer fails to make payment within thirty (30) days of shipment or pick-up, or fails to comply with Intrinsically Safe Store's credit terms, or fails to supply adequate assurance of full performance to Intrinsically Safe Store within a reasonable time after requested by Intrinsically Safe Store (such time as specified in Intrinsically Safe Store's request), Intrinsically Safe Store may defer shipments until such payment or compliance is made, require cash in advance for any further shipments, demand immediate payment of all amounts then owed, elect to pursue collection action (including without limitation, attorneys fees and any and all other associated costs of collection), and/or may, at its option, cancel all or any part of an unshipped order. Additionally, customer, and each of its subsidiaries and affiliates, agrees to provide to Intrinsically Safe Store proper authorization necessary for Intrinsically Safe Store to request any financial information from third parties.
Customer agrees to assume responsibility for, and customer hereby unconditionally guarantees payment of, as provided herein, all purchases made by customer, its subsidiaries and affiliates. Each of customer's subsidiaries and affiliates purchasing from Intrinsically Safe Store are jointly and severally liable for purchases with customer, and customer is also acting as agent for such subsidiaries and affiliates.
If you have any questions please chat with us or give us a call.