COMMERCIAL CREDIT FACILITY AGREEMENT AND APPLICATION

I/We would like to make application on behalf of ________________________________________

(Company Name)

for a Commercial Credit Facility and Supply Agreement with Global Star Trading Co. LLC,
for the supply of goods and services on credit, in accordance with the Conditions of this Application
which I/we acknowledge having received, read and understood.
Company Details
Trading Name:
________________________________________________________________________________
Registered Office:
________________________________________________________________________________
Trading Address:
________________________________________________________________________________
Contact Person: ____________________________
Telephone Numbers: ________________________

Fax Number: ________________________

Date Buyer Commenced Trading: _________________________

Name of Accountant/Auditor: ____________________________
Banking Details
Name of Trading Bank: _________________________________
Branch Name: ___________________________
Account Number: ________________________
Sort Code: ______________________________

Terms and Conditions of Credit Facility

Once this Credit Facility is approved by Global Star Trading Co. LLC, the Buyer hereby acknowledges and
agrees that:
a) The Buyer is entitled to a Credit Facility only for Orders totaling above OMR 100.000. For orders
below this amount, transactions will be on a Cash on Delivery basis.
b) The Buyer is entitled to 30 (thirty) day Credit Period for Orders totaling between OMR 100.000 and
OMR 500.000
c) The Buyer is entitled to 60 (sixty) day Credit Period for Orders totaling above OMR 500.000, but
would be required to pay a 50% Advance Payment upfront.
d) To avail the facility, the Buyer will submit a Requisition for orders, to which Global Star Trading
Company would issue a Quotation to re-iterate Terms of Payment and Delivery Times. If the
Quotation is approved, the Buyer will issue a Purchase Order agreeing to the terms of the Quotation.
The Buyer also understands that these terms are the normal trading terms of Global Star Trading Co.
LLC.
e) The Buyer shall make payment for all goods ordered/purchased or services received by the Buyer
from Global Star Trading Co. LLC within 30 (thirty) days or 60 (sixty) days (as applicable) from the
Invoice date, which will be the same as that of the Delivery Note.
f) The Buyer acknowledges that the Credit Facility and Account number that will be provided are
personal to the Buyer and shall not be assigned, transferred or made available by the Buyer for use
by any other corporation, person or organization.
g) The Buyer further acknowledges that any goods ordered/purchased or services rendered under the
Credit Facility or Account number, shall be paid for by the Buyer.
h) The Buyer understands that in order to keep costs to a minimum and ensure that customers are
offered best prices and excellent services, prompt payment is very important. If the payment is not
received by the due date Global Star Trading Co. LLC will contact the Buyer.
i) It is the Buyers responsibility to notify Global Star Trading Co. LLC of any or any intended change
in the corporate structure, shareholding or management by notice in writing within 30 days of such
event occurring.
I/We have read the Terms and Conditions of Credit Facility, and shall abide by these Terms and Conditions
detailed herein. I/We declare that the answers given in this Credit Facility Application to be true in all
respects, and I/We am/are aware of Global Star Trading Co. LLCs trading terms.
Applicant Name:____________________________
Date:

Signature: ______________________