Marine Credit Application Form

Marine Debt Management

"Who do you think you're talking to?"

It pays to find out who is going to pay your invoices before supplying a new customer.
A few minutes of care before supply can save many hours of heartache in the days, months, even years that follow.

With so many companies now placing orders "as agents only" it is essential to know who is actually going to accept responsibility for payment of your invoices. For this reason we suggest a form like the one set out below is completed before each supply. It may be completed either by the customer or by the supplier after obtaining the necessary information. Possibly the best thing is for the supplier to enter known data and submit the form with his quotation. The customer is requested to fill out any blank fields and return the completed form when placing his order. Alternatively, the supplier might choose to wait until an order has been placed and then obtain the necessary information from the customer during a telephone call.

The form below has been divided into 3 parts: Application for Credit Facilities, Additional Information and Certificate of Applicant. Ideally the supplier should ensure all three parts are completed. However, the latter parts may be amended or omitted, on a case by case basis, if the supplier believes this would be prudent for commercial reasons.

APPLICATION FOR CREDIT FACILITIES

Name of vessel:

Call Sign:

Port of Registry:

Former names
(if any):

Name & address of
vessel's legal owner:

Name & address of
vessel's operator:

Name of person
responsible for purchasing:

Telephone:

Fax:

Name of person
responsible for payment:

Telephone:

Fax:

Banker's name and address:

ADDITIONAL INFORMATION

Date of Commencement of Business (registered owner):

Date of Commencement of Business (operator):

1st Trade Reference:
Contact person:

Telephone:

Fax:

2nd Trade Reference:
Contact person:

Telephone:

Fax:

Credit Limit requested:

Payment Terms: 30 days net / net monthly / other from date of delivery / invoice / other

Conditions of Trade: <Supplier's own / I.S.S.A. Conditions (1991) / other>

CERTIFICATE OF APPLICANT

We confirm that the information given above is accurate and is intended to induce <supplier's name> to provide credit facilities.

We hereby authorise the taking up of Bank and Trade references now and at any time in the future without further reference to us.

We hereby agree to trade subject only to <chosen Conditions of Trade> without exception.

Signed:

Date:

Print name:

Job Title:

For and on behalf of:

If you have any comments or questions about using the above form or any other aspect of marine credit management, please do not hesiate to contact us (click on the 'Feedback' button below).

APPLICATION FOR CREDIT FACILITIES
Name of vessel:	Call Sign:	Port of Registry:
Former names (if any):
Name & address of vessel's legal owner:
Name & address of vessel's operator:
Name of person responsible for purchasing:	Telephone:	Fax:
Name of person responsible for payment:	Telephone:	Fax:
Banker's name and address:

ADDITIONAL INFORMATION
Date of Commencement of Business (registered owner):
Date of Commencement of Business (operator):
1st Trade Reference: Contact person:	Telephone:	Fax:
2nd Trade Reference: Contact person:	Telephone:	Fax:
Credit Limit requested:
Payment Terms: 30 days net / net monthly / other from date of delivery / invoice / other
Conditions of Trade: <Supplier's own / I.S.S.A. Conditions (1991) / other>

CERTIFICATE OF APPLICANT
We confirm that the information given above is accurate and is intended to induce <supplier's name> to provide credit facilities. We hereby authorise the taking up of Bank and Trade references now and at any time in the future without further reference to us. We hereby agree to trade subject only to <chosen Conditions of Trade> without exception.
Signed:	Date:
Print name:	Job Title:
For and on behalf of: