Our Credit Policy
DEALER CREDIT POLICY​
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1. Purpose​
- The purpose of this policy is to establish guidelines for extending credit to dealers of CSK AgroUp products.​
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2. Authority​
- The Chief Executive Officer (CFO) or their designee is responsible for overseeing and approving all credit applications and credit limits.​
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3. Credit Application​
- Dealers wishing to establish credit with CSK AgroUup must complete a Credit Application Form.​
- The Credit Application Form should include:​
- Business name and contact information​
- Principal owner(s) information​
- Business financial statements​
- Trade references​
- Bank references​
- Incomplete applications will not be processed.​
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4. Credit Evaluation​
- The Credit Department will evaluate each application based on:​
- Credit history​
- Financial stability​
- Payment behavior​
- Trade references​
- Bank references​
- Credit checks may be conducted through credit bureaus.​
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5. Credit Limits​
- Approved credit limits will be determined based on the evaluation of the CSK AgroUp Core team.​
- Credit limits may be adjusted periodically based on dealer performance and market conditions.​
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6. Terms of Sale​
- The standard payment terms for dealers are Net 30 days.​
- Dealers are expected to adhere to the agreed-upon payment terms.​
7. Sales Orders​
- Sales orders from dealers will be processed only if the dealer has an approved credit account with CSK AgroUp.​
- The credit limit must not be exceeded with any single order.​
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8. Past Due Accounts​
- Invoices not paid within the agreed-upon terms will be considered past due.​
- The Accounts Receivable Department will send reminders for overdue payments.​
- Past due accounts may be subject to:​
- Late payment fees​
- Suspension of credit privileges​
- Legal action for collections​
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9. Disputes​
- Dealers should notify CSK AgroUp promptly of any disputes regarding invoices.​
- Disputed amounts do not exempt the dealer from the obligation to pay non-disputed amounts by the due date.​
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10. Returns and Credits​
- Returns of merchandise will be accepted only with prior approval.​
- Credits for returned merchandise will be issued based on the original invoice value, less any applicable restocking fees.​
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11. Reporting​
- The CSK Core Team will provide regular reports on the status of dealer accounts to management.​
- Reports will include aging of accounts receivable, credit utilization, and any significant credit issues.​
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12. Review and Adjustment​
- This policy will be reviewed periodically to ensure its effectiveness.​
- Adjustments may be made to credit limits and terms as deemed necessary by management.​