Magnum PA Ltd – Terms of Business

Order Terms
  1. Magnum will not provide goods / services until we receive an order.
  2. Orders should be sent in writing to an account manager.
  3. If you need a PO number on your invoice you must provide one at point of order.
  4. Acceptance of orders will be in writing.
  5. Delivery of goods and / or services will be subject to our payment and credit terms (see below).
  6. We reserve the right to request a deposit payment for any goods and / or services ordered.
  7. Deposits are non-refundable unless specified.
  8. Deposit payments will secure goods / services availability.
Payment Terms
  1. Payment must be made before delivery of goods / services.
  2. Payments made on credit accounts must be on or before payment due date.
Credit Terms
  1. We are not obliged to provide and maintain a credit account for you.
  2. We reserve the right to conduct reasonable credit checks in relation to you from time to time.
  3. The level of credit will be set by us and we will notify you of our decision.
  4. From time to time you may request different credit limits and terms.
  5. We will not disclose any information of your credit account with anyone without prior permission.
  6. We have the right to inform a third party employed by us to recover debts.
  7. Settlement of invoices placed on account must be on or before the end of the agreed term.
  8. An invoice is only considered paid when we receive cleared funds.
  9. If you make payment direct to our account please email remittance advice to Accounts@magnumPA.com.
  10. Magnum may offer early settlement discounts.
  11. Payment of ESDs must be before delivery of goods and / or services.
  12. You will not be allowed to exceed your credit limit at any time.
  13. Should any single order exceed the credit available, we will request either:
    • You make enough credit available by settling outstanding invoices.
    • You make a part-payment of the invoice equal to the amount that exceeds the credit available at the time. Part payments will not be eligible for early settlement discount.
  14. We reserve the right to charge interest on all outstanding accounts at 5% for each week that the invoice remains unpaid.
  15. In the event that any of the above conditions are not adhered to, this will render the account closed. Any balance outstanding will therefore be due for immediate settlement.