Bank Information
Terms and Conditions
1. The undersigned warrants that the information furnished in this application is true and correct.
2.0ur credit terms are net 30 days from invoice date. Any amounts remaining unpaid by the applicant after 60 days from the invoice date are past due
3. The applicant agrees to pay any and all collection costs incurred by KVC logistics attorney’s fees. Applicant hereby agrees that all collection actions or other disputes between the parties shall be brought exclusively within the federal or state courts located within Texas and applicant consents to the personal jurisdiction of these courts.
4. If applicant ever pays KVC Logistics by credit card, applicant agrees KVC can keep the credit card on file and charge it at unpaid invoices. any point in the future to satisfy payment for any
5. The undersigned warrants that the financial condition of the company is satisfactory and all financial obligations can be met.
6. The undersigned warrants that there are no open judgments, lawsuits, or liens against company
7. Applicant understands that KVC Logistics Corp, reports payment experiences to credit reporting agencies and/or credit insurance companies.
8. Applicant will notify KVC Logistics Corp of any change in the ownership of the company.
9. Applicant may not deduct claims from outstanding invoices
10. The undersigned, in his or her individual capacity, unconditionally, absolutely and irrevocably personally guarantees, jointly and severally, the performance of the Applicant under this Credit Application , including the payment of all amounts due and owing from Applicant to KVC Logistics
11. By signing this credit application, applicant agrees that KVC Logistics Corp, has the right to obtain the credit history of the company and permission is hereby given to contact any and all trade/bank references provided. Furthermore, applicant agrees KVC Logistics can check all references provided, as well as any others that that become available to KVC Logistics during their credit review process
12. Applicant agrees to the need for verification of all information on this application and authorizes and releases the banks, businesses, and persons identified on this application to furnish any and all information requested by KVC Logistics Corp its agents or representatives, by telephone or written correspondence, whichever KVC Logistics requests.
13. Applicant understands KVC Logistics requires motor carriers under contract with them to maintain cargo loss and damage liability insurance in the amount of $100,000 per shipment. By signing below, applicant acknowledges that loads valued in excess of $100,000 will not be tendered by applicant without first notifying KVC Logistics in writing of the actual value of the shipment. This is necessary to allow KVC Logistics the opportunity to arrange for the additional insurance prior to shipment. Failure to provide timely written notice will result in your loads not being insured to the extent that the value of the shipment exceeds $100,000.
14. – APPLICANTS MUST PROVIDE THREE BUSINESS REFERENCES BEFORE ANY LOADS TAKE PLACE. (Please add in following Page)
Authorized Company Representative
I agree that the signature in the field below, will be the electronic representation of my signature.
Billing Specifications
Please provide 3 Business References
Terms and Conditions
The applicant agrees to pay any and all collection costs incurred by KVC Logistics Corp to collect any amounts past due, including court costs, collection fees, and attorney’s fees. Applicant hereby agrees that all collection actions or other disputes between the parties shall be brought exclusively within the federal or state courts located within the state of Texas and applicant consents to the personal jurisdiction of these courts.
Authorized Company Representative
I agree that the signature in the field below, will be the electronic representation of my signature.