Ellis Well Drilling – Terms & Conditions
Please note our terms and conditions below:
Credit terms are strictly a maximum of thirty (30) days, should we not receive payment or come to an agreement on payment unfortunately we shall have no choice in decommissioning the borehole.
Ownership of all goods supplied shall remain the property of Well Arden Ltd trading as Ellis Well Drilling until all sums have been paid in full.
Quality and quantity are beyond our control as ground conditions vary in different parts of the country due to geological factors ie iron , lime manganese to name a few.
We at Well Arden Ltd trading as Ellis well Drilling shall not be held responsible for any lawn or driveway damage, dirt etc from the drilling machine having to access your property. We do not remove the arisings (soil) from the drilling process due to new permit legislation .
Should you need any advice on your newly drilled well please contact us rather than advice from neighbours or relatives as this often leads to false information been given.
Any discrepancies shall be dealt with in a timely and professional manner .
The EU, under the Late Payment Transactions Regulations 16th March 2013 to date, introduced the late payment legislation for the private sector.
This has the affect of our suppliers tightly controlling the number of days’ credit given to our company.
We, in turn, must insist that our customers should at all times maintain accounts within our credit term which is a maximum of thirty days from date of invoice.
With effect from 1st July 2017,the late payment interest rate is 8% per annum(that is based on the ECB rateas at the 1st january 2017)of 0.00% plus the margin of 8%) This rate equates to a daily rate of 0.022% this legislation enables the application of penalty interest rate to be applied to all transactions, which are not settled within the above terms.The regulations also establish an entitlement for creditors to compensation for expenses incurred as a result of late payment, plus additional recovery costs.Provision is made for a minimum fixed charge of €40 where the debt is less than €1000, €70 where the debt is between €1000 and €10’000.The supplier is not required to produce evidence of having incurred relevant recovery costs.
Should you have any query on this matter please do not hesitate to contact us.
Well Arden Ltd
(Ellis Well Drilling)