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Terms & Conditions

Kindly arrange to open an Account for us with you, under the following terms & conditions:

1. This account will be used only for the customer's purchase of goods and services related to the activities of Al Rashed International Co. For Safety and Security Tools, Equipment and Chemicals SPC
2. Invoices shall be forwarded to the customer at regular intervals as agreed upon by both the parties
3. Any objection regarding any invoices raised to the customer should be submitted to Al Rashed International Co. For Safety and Security Tools, Equipment and Chemicals SPC in writing, within 7 days from the date of receiving the invoice, otherwise it shall be deemed correct.
4. The customer is obliged to settle the outstanding balances in full, according to the terms mentioned in clause no (14)
5. Payment due for any of our invoices cannot be withheld or offset on the event of an incident that gives rise to a claim, by the customer. These matters will be dealt with separately.
6. Any deductions in payment carried out by the customer should be only against authorized Credit Note received from Al Rashed International Co. For Safety and Security Tools, Equipment and Chemicals SPC
7. The customer can request for a Statement of Accounts from Al Rashed International Co. For Safety and Security Tools, Equipment and Chemicals SPC at any point of time & AlRashed is obliged to provide the same.
8. In case of payments through bank transfers, the customer will bear all related bank charges and has to ensure that the outstanding amount is credited in full to Al-Rashed, without any deduction of charges.
9. In the event that Al-Rashed receives a returned cheque from bank for the customer, AlRashed reserves the right to terminate Customer's credit account & proceed with legal formalities for recovery, and the outstanding account balance shall be due and payable in full upon termination
10. Customer agrees to notify Al Rashed International Co. For Safety and Security Tools, Equipment and Chemicals SPC.in writing, of any changes in ownership, company name change or normal business operations change, and that a new account application will be required.
11. In case of approving this application, it will be considered as an agreement between both the parties and they are obliged by the stated terms & conditions.
12. Persons who are authorized to sign official documents on behalf of customer.

    a

    Name

    Sign

    File format should be .jpg/jpeg/png/doc/docx/pdf with size less than 1mb

    b

    Name

    Sign

    File format should be .jpg/jpeg/png/doc/docx/pdf with size less than 1mb

    c

    Name

    Sign

    File format should be .jpg/jpeg/png/doc/docx/pdf with size less than 1mb

    In case of cancellation of any of the above-mentioned signatures, it must be intimated in writing to Al Rashed International Co. For Safety and Security Tools, Equipment and Chemicals SPC.

13. Customer Credit Limit

    (However, the request will be reviewed by Al-Rashed management at the time of approval)

14. The settlement of dues shall be made as per the conditions agreed below (Credit term)

    (However, the request will be reviewed by Al-Rashed management at the time of approval)