If, at any time:
a) any applicable Charges are not paid within the Credit Period; and/or
b) the Credit Limit is exceeded; and/or
c) the Customer or any of its Subsidiaries or Freight Agents breach any of these Credit Terms; and/or
d) the Customer or any of its Subsidiaries or Freight Agents cease trading or enter into any form of liquidation, bankruptcy, receivership or administration in any jurisdiction, or are unable to meet payments when due;
The Company retains the right to take any or all of the following actions:
a) Require immediate payment of all outstanding Charges.
b) Withhold original documents including transport documents and/ or Goods until all Charges, including collection and reminder fees, costs and expenses, are paid.
c) Suspend or terminate the right to credit pursuant to these Credit Terms.
d) Exercise any applicable right of lien over any Goods.
e) Stop providing or arranging carriage of Goods or other services.
f) Apply automatically and without prior notice a default interest at the rate advised by the Company to the Customer, and if no such rate is advised, at the annual rate of 3 (three) per cent above the minimum lending rate set by the national or central bank, as applicable, of the country or territory of the relevant currency for any period after each amount has become overdue, or at the Company’s option, a rate according to the applicable Standard Trading Conditions.
g) Commence collection proceedings pursuant to clause 17.
h) Apply an administration fee, as advised by the Company to the Customer in writing from time to time.