At National Sameday we operate under FTA (Freight Transport Association) Standard Trading Terms and conditions.
NATIONAL SAMEDAY INVOICE PAYMENT TERMS
National Sameday operates a net 30-day invoice payment term and therefore payment must be received as cleared funds no later than 30 days after the invoice date.
Payment terms can vary if agreed in writing in advance.
If your account remains unpaid after 7 days from the due date you will receive a letter advising you of the breach of terms.
If no remittance is received for a further 7 days you will be sent a Letter Before Action from our collection solicitors.
Please note that National Sameday has the statutory right under The Late Payments of Commercial Debts (Interest) Act 1998 to charge interest at the prevailing rate (currently 8.5%) and to charge compensation of:-
- £40 (for invoices up to £999.99)
- £70 (for invoices between £1,000 & £9,999.99)
- £100 (for invoices of £10,000 and greater)
Your account may be put on hold if payment terms are in breach.
NATIONAL SAMEDAY MONTHLY CREDIT FACILITY
A monthly credit facility will be given to selected clients and will be agreed in advance.
If no credit facility is agreed then your account will be a cash account and will be required to be settled in advance of any booking.
You are required to operate your account within the agreed limit and should this limited be reached you will be required to settle such sums in order to bring the balance back within the agreed limit.
Your account may be put on hold if the balance is over its authorised limit.
Please note that if you are a supplier to National Sameday Ltd that we do not recognise 3rd party commercial finance or invoice discounting / factoring companies as the legitimate legal owner of our transaction. All payments for work done will be sent direct to the supplier.
EASTER HOLIDAY PAYMENT NOTICE TO SUPPLIERS
Our operations department will be open 24/7 over the Easter holiday period. Please note that Accounts department will re-open on Tuesday 3rd April and therefore invoices will be paid on Wednesday 4th April.