Step 1 of 6 - Registration
In recent months, more and more banks have been requesting written authorization from their clients before releasing financial information to suppliers. Please complete and sign the following so that this can be forwarded to your bank along with your request for credit information. Let this serve as written authorization for the above name financial institution to release credit information to Manhattan Fruit Exchange so that open account credit may be established with them.
Credit reference list (Food Vendors)
The perishable agricultural commodities listed on the invoices are sold subject to the statutory trust authorized by Section 5( C ) of the Perishable Agricultural Commodities Act, 1930 (7 U.S.C. 499e( C ). The seller of these commodities retains a trust claim over these commodities, all inventories of food or other products derived from these commodities until full payment is received. Interest at 1.5%Mo added to unpaid balance. Interest and attorneys’ fees necessary to collect payment are sums owed in connection with the transaction. Payment terms for all shipments of produce will be normal PACA trust.