Late Payments and the Collections Process.

COD and Other Terms.
By default, all goods, service work, service contracts, rentals and training provided by Carbon Computing or its agents are COD and due in full at time of receipt or at time of order in the case of special and custom orders. Carbon Computing, at its discretion, may extend credit based on established industry criteria. Said credit is for a fixed time and limit determined by Carbon Computing.

At no time may you as a client extend or exceed these credit terms without approval in writing from Carbon Computing's finance department.
Carbon Computing will use every legal remedy available to collect unauthorized late payments, including but not limited to:

Credit Bureau Reporting.
A warning letter will be sent out on delinquent accounts. If the invoice has not been paid within six (6) days this account will be forwarded to the Credit Bureau of Canada Collections as a delinquent account. Once in collection with CBCC, if the account balance is not resolved within a 30 day period your file will be reported to Equifax Canada, a National Credit Bureau. This notation will not be removed however only amended if payment is received in full by our office or that of Credit Bureau of Canada Collections.

Interest on Outstanding Invoices:
Interest will be charged on all invoices that are 30 days past due.
Interest will be charged at a rate of 2.23% per month (26.76% per Annum ) until the Invoice is paid in full.

Administration Fees:
An administration fee will be charged to all overdue accounts.
These fees are in addition to Interest fees listed above.

Admin Fee   Description
$100Amounts owing from $1 up to and including $400
$200Amounts owing from $400.01 up to and including $800
$350Amounts owing from $800.01 up to and including $1600
$650Amounts owing from $1,600.01 up to and including $3000
Amounts over $3000 will be charged at a combination of the above rates.

Ownership of Goods:
Carbon Computing retains ownership of goods, at PURCHASER's risk until the full purchase price is paid.
Upon repossession all sums paid on the account are forfeited. All of the above fees will still be owed to Carbon Computing.
Additionally, Administrative Repossession and Bailiff fees will apply as follows:

Administrative Repossession and Bailiff Fees:
Admin Repossession fee $150 on all repossessions plus fees for a Bailliff:
Bailiff fee     Description
$150Amounts owing from $1 up to and including $400
$300Amounts owing from $400.01 up to and including $1,000
$600Amounts owing from $100.01 up to and including $2,000
$900Amounts owing from $100.01 up to and including $2,000
Amounts over $3000 will be charged at a combination of the above rates.

Small Claims Court Fees:
Small Claims court fees will be added to all outstanding Invoices as will all fees incurred by paralegal and legal services. as will all court costs and related expenses.

Small Claims Court Administration Fee:
A $500 fee will be charged to the account if Small Claims Court papers have been filed.
This fee will apply even if the account is settled prior to a court date.

Above and beyond this, Carbon Computing reserves the right to sue for damages both criminally and civilly in specific circumstances.