Item Number: 720

PAYMENT OF CHARGES - EXTENSION OF CREDIT

  1. Payment of Freight Charges
    Carrier is not required to deliver or relinquish possession of any freight transported by it until all tariff rates and charges thereon have been paid. Upon taking reasonable precautions to assure payment of freight charges will be paid within the prescribed credit period, carrier will extend credit in accordance with the provisions of this Item.
  2. Credit Period
    1. The credit period begins the day following freight bill presentation, which is defined as the date on which the carrier mails the freight bill to the party responsible for payment of the freight charges (or any agent or contractor thereof), except that when electronic billing or funds transfer is the billing method, the time of presentation is the day on which billing information is dispatched electronically.
    2. The credit period shall run for 15 calendar days including Saturdays, Sundays, and holidays except that if the 15th day falls on any of the foregoing, the period will extend to the next day which is not a Saturday, Sunday, or holiday (See also Items 167 and 725).
    3. On prepaid shipments, carrier shall present all freight bills within seven (7) working days from the date a shipment is received for transport or the date on which sufficient information to compute applicable tariff charges is received at the billing point.
    4. On collect shipments, carrier will present all freight bills within seven (7) working days from the date a shipment is delivered at destination.
    5. Working days are defined as days other than Saturdays, Sundays, or holidays.
    6. The date of payment of charges is defined as the postmark date on which the check, draft, or money order is mailed, except when payment is made by electronic funds transfer, the date of payment shall be the date on which the funds are transferred. Checks, drafts, or money orders may not contain any restrictive endorsement and must be honored upon initial presentation to carrier's bank in order to constitute payment.
    7. The time limit for payment shall be shown on the freight bill or an accompanying document, provided that failure to indicate the correct time limit shall not relieve any party of compliance with carrier's credit rules.
    8. The 15-day credit period will apply to any balance-due bill which is presented after the original freight bill has been paid in full.
  3. Set-Off Prohibited:
    No person may set-off against freight charges any claim or debt asserted against carrier.
  4. Returned checks:
    Checks received in payment of freight charges which are returned to PITT OHIO by the bank because of insufficient funds or any other reason not the fault of PITT OHIO will be subject to a charge of $32.00, which includes any service fee assessed by PITT OHIO's bank. This charge will be in addition to all other applicable charges and will not be subject to discounts, loading or unloading allowances.
  5. All rates, charges or other amounts published herein are stated in US Currency, and all charges are payable in US currency unless prior agreement has been approved by Carrier for payment in Canadian dollars.


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