New Account / Credit Application Terms
State Sales/Use Tax: If you are exempt from Sales Tax, You Must provide a copy of your State Tax Exemption Certificate for all applicable states.
All new Petroleum Parts Inc. customers are required to order by credit card before an order is processed. If credit terms are wanted, a minimum of 3 orders with proper core exchange protocol follows is required. Upon request of terms and reviews of customer history, NET 15 days terms may be granted unless otherwise stated. You must be approved for and informed by a member of the PPI team before utilizing a line of credit. Past due balances shall be charged an interest charge of 1 1/2% per month. Past due accounts are also responsible for all collection fees, legal fees, and/or court costs related to the collection of the past due account.
Payments shall be applied first to accrued interest charges and second to payment of principal.
Applicable Law: In the advent of any action brought to enforce this agreement, these terms and conditions shall be governed and in accordance with the laws of the state of Indiana. To be granted credit, the the accepting party will/will not submit a financial statement based on review protocol. Any misrepresentation in this application will be considered evidence of fraud, since this information is the basis for the granting of credit. As an inducement to grant credit, the undersigned warrants that the information submitted is true and correct. Petroleum Parts Inc. is authorized to investigate the references listed to establish credit.
By signing below, credit & new account applicant acknowledges that it has received, read and understands that Petroleum Parts Inc. offers net 15 day terms to approved customers or credit card payments for customers and accepts “the terms & conditions of the sale” as posted on the Petroleum Parts Inc. website. we (buyer) will comply with these terms to which all sales transactions between petroleum parts inc. and applicant (buyer) will be.
By creating an account with petroleumpartsinc.com you’re agreeing to the terms above.