Credit terms: The invoice date begins the credit term cycle, and payment is due within thirty (30) days from the invoice date. Failure to keep your Energy Transport Logistics account current will result in your account being put on a “cash only” status. This status may impair your ability to use our service, and your shipments may be delayed. In the event prompt payment is not made and your account is placed on a “cash only” basis, credit privileges will not be restored until you have paid all past-due balances of transportation and any related charges in full, including, but not limited to, all costs, fees and expenses incurred by Energy Transport Logistics in collecting or attempting to collect such balances. Energy Transport Logistics may decline to restore credit privileges even if all costs, fees and expenses are paid. In the event that suit is filed to collect unpaid charges, you agree to be liable for all reasonable costs which include, but are not limited to, attorneys fees of up to 25% of total amount due or $200.00, whichever is greater, interest at the rate of one and one-half percent (1½%) per month and court costs.
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