Wholesale Account Terms and Conditions

Account Opening  

  1. The account holder agrees to provide accurate and complete information when applying for a charge account. 
  2. Bermuda Janitorial Supply Ltd (BJS) reserves the right to approve or deny credit account applications at its discretion. 
  3. The account holder agrees to abide by the terms and conditions outlined herein upon approval of the charge account. 

Credit Limit 

  1. BJS will establish a credit limit for the account holder, which represents the maximum amount of credit extended. 
  2. The account holder agrees not to exceed the credit limit without prior approval from BJS. 
  3. BJS reserves the right to adjust the credit limit at any time based on the account holder’s creditworthiness and payment history. 

Charges and Billing 

  1. The account holder may make purchases up to the credit limit using the charge account. 
  2. All charges incurred on the charge account will be billed to the account holder monthly. 
  3. Billing statements will include details of all transactions, including the date of purchase, invoice reference number, and amount charged. 

Payment Terms 

  1. Payment for charges incurred on the charge account is due within 30 days from the invoice date. 
  2. The account holder agrees to make timely payments in the amount specified on the billing statement. 
  3. Late payments may result in penalties, including but not limited to late fees and interest charges. 

Interest and Finance Charges 

  1. BJS may assess interest and finance charges on unpaid balances. 
  2. A 5% interest rate will be applied to any balance which has not been outstanding for over 60 days. 
  3. The account holder agrees to pay all applicable interest and finance charges in addition to the outstanding balance. 

Use of Credit 

  1. The account holder agrees to use the charge account responsibly and for legitimate business purposes only. 
  2. The account holder is responsible for all charges incurred on the charge account, whether authorized or unauthorized, unless promptly reported to the creditor. 

Account Maintenance 

  1. The account holder agrees to promptly notify BJS of any changes to contact information or other account details. 
  2. BJS reserves the right to suspend or close the charge account if the account holder fails to comply with the terms and conditions outlined herein. 

Termination 

  1. BJS reserves the right to terminate the charge account at any time for any reason. 
  2. Upon termination, the account holder agrees to pay any outstanding balance in full, including accrued interest and finance charges. 

Governing Law 

  1. These terms and conditions shall be governed by and construed in accordance with the laws of Bermuda. 
  2. Any disputes arising from these terms and conditions shall be resolved through arbitration or litigation in the courts of Bermuda. 

By using the charge account provided by Bermuda Janitorial Supply Ltd, the account holder agrees to abide by these terms and conditions.