Letter with Terms and Conditions for Stockists and Distributors :
XXXXX BUSINESS NAMEDoor Number and Street Name,
Town Name - Postal Code,
PHONE : 0000-00000
FAX : 0000-00000
5th April - 2008
Reference No. : MMM / KOLK / 90099
Sub : Our new credit policy
Thank you for your letter dated 2nd April - 2008 enquiring if we would supply books on credit basis. We are happy to extend this privilege, however, with slight change in the existing Terms & Conditions.
Subsequent to the Board of Directors meeting held at the end of the financial year on 31st March - 2008, it has been decided to cut down the period for payment from three months to six weeks. Though it might seem to be a bit tough from your point of view, it became inevitable as many outlets have not paid the dues even after the expiry date of the said agreement.
We also advise our outlets not to overstock. It might again lead to delay in repaying.
Finally, another thing, too I am necessitated to mention here. When agreeing to the new payment system, please keep posted that the order for credit is likely to be considered only when a stockist / distributor place an order for a sum, not less than Rs. 25,000.
If this suits you, we hope so, we will be pleased to serve you. Please let us know so that we can enter into an agreement.
Letter with Terms and Conditions for Stockists and Distributors
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