Indiana Cut Stone accepts the following forms of payment: Company check, cashier’s check, VISA / MASTERCARD / DISCOVER and ACH payments. Upon receipt of completed credit application, Indiana Cut Stone will commence credit checks with banking and trade references listed on the credit application. Indiana Cut Stone reserves the right to alter terms of payment based upon results of the credit check. In some instances, Indiana Cut Stone may require a percentage deposit or letter of credit from Buyer’s banking institution prior to shop drawing or ticket submittal for approval and/or fabrication of stone.
If paid by company or cashier’s check within 10 days from the date of the invoice, Buyer may deduct a 2% early payment discount. Any debit/credit card transaction will be processed on the date of shipment and no discounts are applicable for this payment method.
Payment terms for all products sold hereunder shall be made by Buyer to Indiana Cut Stone within 30 days after the date of the invoice. Past due payments shall bear a service charge of 1.5% per month or the maximum allowable interest rate under applicable law, whichever is greater.
All amounts due: Indiana Cut Stone is due without relief from valuation or appraisement laws and with attorney’s fees if placed with an attorney for collection. Payment shall not be contingent upon completion or acceptance of any work in any building, structure or project nor upon final acceptance by any inspector, general contractor or owner. Indiana Cut Stone is a material supplier only and not subject to any percentage retention otherwise applicable.
If Buyer fails to make payment to Indiana Cut Stone as required herein, then Indiana Cut Stone may at its option withhold subsequent deliveries or require payment in cash or security before making any further deliveries.