All bills are due at net in 30 days. 1.5% interest per month will be added to any bills unpaid after 30 days. The buyer agrees that in the event of default by non-payment of his overdue account, he shall be liable for collection charges including reasonable attorney fees.
Accounts showing 60 days past due will automatically convert to cash on delivery or cash in advance basis. In addition, all available or accrued discounts will be forfeited until the customer's account has been brought up to date.