1. Fill 7Star Credit Application & Agreement Terms Form Online.
7 STAR CREDIT APPLICATION & AGREEMENT TERMS
The term "Applicant" includes the entity requesting credit on the following pages of this form, its owners or principals who supply credit information and all guarantors to this Agreement. The term "7 Star" shall mean 7 Star Logistics Solutions, and any entity affiliated with or related to "7 Star" from which Applicant obtains credit, services, or incurs liability to, at any time, whether now or in the future. All services are governed by the Terms and Conditions contained in 7 Star's invoices, rate cons, price sheets, bills of sale, bills of lading or shipping documents and this Agreement.
1. Prices are subject to price in effect at time of service. All services are subject to credit approval at time of sale. Applicant agrees that under no circumstances will 7 Star be liable to Applicant for consequential, indirect, special, exemplary or punitive damages, including without limitation, loss of use, loss of business opportunity, or loss of profit or revenue, as a result of 7 Star's performance or non performance of its obligations pursuant to this Agreement, 7 Star's invoices, rate cons, price sheet, bills of sale, bills of lading or shipping documents.
Notwithstanding the foregoing, 7 Star shall only be liable for damages arising directly from its gross negligence or willful misconduct, or that of its drivers or authorized third parties, and then only to the extent such damages are covered and actually paid by 7 Starās applicable third-party insurance policies. In no event shall 7 Starās liability exceed the limits of such insurance coverage.
2. Applicant grants 7 Star permission to investigate and verify references and credit information. Applicant and its agent(s) authorize any and all banks, financial institutions, and other credit reporting agencies to furnish credit information to 7 Star. This authorization continues until 7 Star is paid in full for all obligations incurred by Applicant to 7 Star. Applicant agrees that its references and credit information are representations to 7 Star on which 7 Star will rely in extending credit. 7 Star is under no obligation to grant credit and may revoke any future credit at any time without notice.
3. By signing this Agreement, Applicant agrees it will pay when due all sums due for services rendered, credit extended and obligations incurred pursuant to this Agreement, 7 Star's invoices, rate cons, price sheets, bills of sale, bills of lading or shipping documents.
4. This Agreement shall be governed and enforced in accordance with the laws of the State of Michigan. The parties consent to the jurisdiction and venue Of the Courts located in Ingham County, Michigan. The parties agree that 7 Stars does business in Ingham County and that by making this application, Applicant has done business in Ingham County.
UNCONDITIONAL GUARANTEE OF PAYMENT
In consideration of 7 Star supplying services or extending credit to Applicant, the undersigned ("Guarantor") jointly and severally with Applicant, unconditionally promises to pay, when due, without demand and without deduction for any setoff or counterclaim, the full amount of all indebtedness or other obligation now or in the future due from Applicant to 7 Star, together with the time price differential and all costs and expenses of collection, including reasonable attorney fees incurred by 7 Star. This is a continuing guaranty and revocable only as to transaction entered into 30 days or more after receipt by 7 Star of written notice of termination.
TERMS & CONDITIONS
7 Star Logistics Solutions terms of payment are 30 days from the invoice date to the payment deposit date. Based on the review of each application, payment terms and collateral requirements may differ. In addition to obtaining bank and trade references, 7 Star Logistics Solutions uses several credit reviews..
