International Freight Forwarders

C.T. FREIGHTPTY LTD

______A.C.N. 002 489 705______

INTERNATIONAL FREIGHT FORWARDERS

A.B.N. 89 002 489 705

CREDIT APPLICATION

Part A – Company Details

Company Name:…………………………………………………..

ABN:…………………………………………………..

Trading Name (if different):…………………………………………………..

Profile (please circle:Company

Sole Trader

Partnership

Registered Address:……………………………………………………

……………………………………………………

State: ….. Postcode: …..

Type of Business:…………………………………….

Contact phone:………………………

Fax:………………………

Email:………………………

Website:………………………

Full Name and address of Directors, Partners or Proprietors:

Name……………………………………………………..

Address……………………………………………………..

……………………………………………………..

State: ….. Postcode: …..

Name……………………………………………………..

Address……………………………………………………..

……………………………………………………..

State: ….. Postcode: …..

Name……………………………………………………..

Address……………………………………………………..

……………………………………………………..

State: ….. Postcode: …..

Bank:…………………………………….

Branch:…………………………………….

Part B – Trade Details

Number of Shipments per month (est):

-Export Air………..

-Export Sea………..

-Import Air………..

-Import Sea………..

-Customs Clearance………..

Part C – Trade References

1Company Name……………………………………. ABN ………………

Contact Person…………………………………….

Email (mandatory)………………. Phone ………………

2Company Name……………………………………. ABN ………………

Contact Person……………………………………. Email (mandatory) ………………. Phone ………………

Part D – Credit Terms

The approved Credit Limit is AUD [ insert amount ]______.

Where credit terms are approved, it is at the sole discretion of CT Freight Pty Ltd and only for freight and service charges.

Credit terms are restricted to net 30 days from statement date.

All Customs duty and disbursementcharges under $A10,000 are payable upon delivery by cash, company cheque, credit card or bank transfer.

All duty and disbursement charges over $A10,000 are payable prior to delivery for ocean freight and upon delivery for airfreight by cash, company cheque, credit card or bank transfer.

Part E – Default

Please be advised that where a customer defaults on approved credit terms, commits an act of bankruptcy or being an incorporated company, passes a resolution for winding up (except for the purposes of reconstruction) and/or the court makes an order to appoint a receiver, CT Freight Pty Ltd reserves the right to immediately terminate the credit terms for breach of warranty and to seek reimbursement for the full recovery of anythe outstanding charges or debts and all reasonable associated costs, including legal fees.

Part F – Privacy Act 1988

The customer consents to CT Freight Pty Ltd obtaining from an approved Credit Reporting Agency a report on their credit worthiness and consents under the Privacy Act 1988 (section 18E and 18K) obtaining personal credit information as it may specifically relate to the credit application review or collection of overdue amounts, outside the agreed trading terms.

Part G – Notification of Change of Ownership

The customer will must advise CT Freight Pty Ltd in writing within 714 days of any change ofin ownership, directors, retirement of a partner, or any other changes to the business or corporate structureownership, registered particulars, alteration and/or addition to the shareholding or directorship and, in such an event, CT Freight Pty Ltd reserves the right to immediately terminate the credit terms.

Part H – Applicants Request

The applicant hereby requests CT Freight Pty Ltd to open a credit account under its trading name.

The applicant warrants that

-tThe information provided is true and correct in all details

-An[ 1] authorized CT Freight Pty Ltd representatives to contact the business trade references

-It aAgrees to abide by the approved credit terms

-it aAgrees to be bound by CT Freight Pty Ltd's “Standard Trading Conditions of Contract” as available on the CT Freight Pty Ltd website

-it Aagrees to pay all charges debited to the account on or before the due date shown on the invoice/statement

-Bby signing this Credit application form, the nominated person has the full authority to do so on behalf of the Company, Sole Trader or Partnership

-It Uunderstands that any approved credit terms do not become effective until written confirmation of an account code and credit limit is received from an authorized representative of CT Freight Pty Ltd

Part I - Signed on behalf of the applicant

Declaration by Proprietor/Director/Authorised Company Officer

The information supplied on this application, upon which CT Freight Pty Ltd will base its decision to extend credit facilities to the [insert applicant’s name], is true and correct in every detail;

CT Freight Pty Ltd may in assessing my/our application for credit or if the application is accepted and subsequently any payment becomes overdue, obtain personal information and seek from a credit reporting agency or other credit provider information about my/our credit arrangement. I/We understand that this information may include my/our credit worthiness, credit history or credit capacity that the credit providers are allowed to give or receive pursuant to the Privacy Act 1988 and the Privacy Amendment (Enhancing Privacy Protection) Act 2012Privacy Amendment Act 2000. [Insert applicant’s name] consent to disclosure of:

(a)The information supplied by us to you;

(b)The information supplied to any other credit provider initiated by us as to our credit worthiness.

In the event of a change in ownership, directors, retirement of a partner, or any other changes to the business or corporate structure, the applicant(s) must inform CT Freight Pty Ltd in writing within seven (7) days.

Without prejudice, CT Freight Pty Ltd reserves the absolute right to refuse, withdraw, cancel or terminate the applicant(s) credit facilities at any time at CT Freight Pty Ltd’s sole and absolute discretion.

All contracts between CT Freight Pty Ltd and the applicant shall be deemed to have been entered into in the state of New South Wales and shall be construed according to the laws of the state of New South Wales.

I/We acknowledge that if the account is overdue, CT Freight Pty Ltd at its discretion, reserves the right to refer the account to a mercantile agency for collection and I/we agree to be responsible to meet all the costs and commissions incurred in employing the said mercantile agent to collect the overdue account.

That where CT Freight Pty Ltd has been provided with information about an individual named in the application form and does not sign the form, I/we will ensure that the individual is aware that:

(a)Information about the individual is provided to CT Freight Pty Ltd for the purposes of this application and for extending credit to the Applicant;

(b)Without that information, CT Freight Pty Ltd may not be able to accept this application; and

(c)They may be personally liable for overdue debt.

I/We acknowledge that the information provided within this application has been read and understood by me/us, and [insert applicant’s name] has read and understood CT Freight Pty Ltd’s terms and conditions and I/We agree to be bound by CT Freight Pty Ltd’s“Standard Trading Conditions of Contract” ( terms and conditions.

Signature: / Date:
Full Name: / Title:

Part J - Deed of Guarantee and Indemnity - Directors

1.I/WeherebyirrevocablyguaranteetoCT Freight Pty Ltd thedueandpunctualpaymenttoCT Freight Pty LtdondemandofanymonieswhicharedueandowingbytheApplicanttoCT Freight Pty Ltd,includinganyinterestandalllegal orotherfees,costs,chargesordamagesthatmaybeowing, irrespective of whether the monies due and owing exceed the Credit Limit applicable at any given time.

2.I/We personally agreetoindemnifyCT Freight Pty Ltdagainstanyloss,damage,charge,cost, expenseorotherliability CT Freight Pty Ltd suffers or incurs due to:

(a) theApplicant breaching ofanyofitsobligationsto CT Freight Pty Ltd (including any failure by the Applicant to pay any monies due and owing to CT Freight Pty Ltd at any time);

(b) I/we not being liable to pay CT Freight Pty Ltd an amount under the guarantee given in the paragraph above; and

(c) an obligation of the Applicant to CT Freight Pty Ltd being/becoming unenforceable against the applicant including if it is unenforceable solely because of the applicant's insolvency or incapacity.

3.I/We personally agreetopayanymonies due and owing to CT Freight Pty Ltd underthisguarantee and indemnitywithin14daysafterreceiptofawrittendemand.I/Weacknowledgethatthisguaranteeandindemnitymaybeenforcedagainstme/uswithoutCT Freight Pty Ltdfirsthavingcommencedanyproceedingsagainstthe Applicantoranyotherperson.

4.Ifmorethan oneperson is to providethisguarantee and indemnity,each ofusarejointlyandseverally liable under this guarantee and indemnity. This guarantee and indemnity shall bind any person who signs it notwithstanding that one or more other persons named or proposed as a guarantor may never sign this guarantee and indemnity.

5.Thisguaranteeand indemnity iscontinuingandmy/ourliabilityunderitshallnotbeaffectedbyCT Freight Pty Ltd givingtimeorotherindulgenceto theApplicantortoanyotherpersonorcompany.Thisguarantee and indemnitywillnotbeaffectediftheApplicantbecomesinsolvent,goesintoliquidation,official management,receivership,arrangement,administration,windingup,assignmentforthebenefitof creditorsorareceiverand/ormanager,administratororothersimilarpersonisappointedinrespect oftheCompanyoranyofitsassetsorundertakings

Executed as a deed:

Signed, sealed and delivered by (printname):

Signatureofguarantor:

In the presence of (print name and address of witness):

Signatureofwitness:

Signed, sealed and delivered by (printname):

Signatureofguarantor:

In the presence of (print name and address of witness):

Signatureofwitness:

Internal Use Only

Debtor Code
Credit Limit
Sales or Responsible Person

Updated Ebswoth June 16 Doc ID 351079803/v1

[ 1]We are not sure of the intended meaning of this sentence.