Terms of Sales are Net 30 Days
To induce Penn Stainless Products to extend a line of credit for purchases under credit sale terms as stated on invoices, we authorize PSP to contact the references and banks listed above. We also understand that this information will be held in strict confidence and be used solely for the consideration of extension of credit to us.
Additionally, the undersigned will be responsiblefor all collection costs and attorney fees, with or without lawsuit, in order to collect and delinquent monies.
Penn Stainless Products, Inc. also reserves the right to charge a finance fee of 1.5% per month on past due balances.