Credit and Collections

At its discretion Forwarder shall extend credit. Unless otherwise specified in writing, charges are due and payable within 15 days of presentation of the bill. Bills unpaid after 30 days will be subject to a service charge of one and one half percent per month (18% per annum) or fraction thereof. Such service charge shall begin to accrue on the 31st day after the date of invoice. Furthermore, Forwarder reserves the right to withhold delivery, or deliveries, at the payor's expense, for payment of unpaid or past due freight charges. The Forwarder may also add any reasonable attorney fees, collection costs or service charges incurred in attempt to collect its transportation, handling or storage charges. If it becomes necessary to take such action or to terminate credit and resume service on a cash basis, payment shall be applied in sequence from the recent transaction to the oldest transaction. It is understood that any and all payments rendered are for essential and necessary services and shall, in no way, be considered preferential.