Business / Local
Bulawayo firm drags fuel dealer to court over $17000 debt
21 Oct 2018 at 08:52hrs | Views
A Bulawayo firm, Wagon Distributors (PVT) Limited has been dragged to court by a fuel dealer for a debt amounting to $17 000 owed for fuel supplied.
Afric Oil Petroleum summoned Wagon Distributors to the Bulawayo High Court claiming payment of $7 322, 34. It also claimed $7969, 75.
Afric Oil Petroleum said in January 2015 it entered into a credit facility agreement in terms of which it agreed to supply Wagon Distributors with fuel on credit.
It said it was a term of the Credit facility agreement that defendant would pay for any fuel supplied within 30 days of delivery of that fuel. Between January 2015 and November 2015, plaintiff…supplied the defendant with fuel worth $175 989, 34 for which defendant failed to pay.
Defendant paid $89 000 to plaintiff's legal practitioners and on March 10 2016 signed an acknowledgement of debt for the balance of $89 989, 34 and agreed to pay the said balance in installments of $10 000 per month up to May 31 2016 and of not less than $15 000 per month thereafter until the debt was fully paid.
The defendant agreed to pay in terms of the Law Society Tariff collection commission of $4 649, 73 on the original debt of $178 989, 34.
Afric Oil Petroleum summoned Wagon Distributors to the Bulawayo High Court claiming payment of $7 322, 34. It also claimed $7969, 75.
Afric Oil Petroleum said in January 2015 it entered into a credit facility agreement in terms of which it agreed to supply Wagon Distributors with fuel on credit.
It said it was a term of the Credit facility agreement that defendant would pay for any fuel supplied within 30 days of delivery of that fuel. Between January 2015 and November 2015, plaintiff…supplied the defendant with fuel worth $175 989, 34 for which defendant failed to pay.
Defendant paid $89 000 to plaintiff's legal practitioners and on March 10 2016 signed an acknowledgement of debt for the balance of $89 989, 34 and agreed to pay the said balance in installments of $10 000 per month up to May 31 2016 and of not less than $15 000 per month thereafter until the debt was fully paid.
The defendant agreed to pay in terms of the Law Society Tariff collection commission of $4 649, 73 on the original debt of $178 989, 34.
Source - Byo24News
