STANDING INSTRUCTIONS FOR DEBIT TO
ACCOUNT (SIDA)
Dated:
1. The
Divisional Head
Cash
Management Division
Allied Bank Limited
Karachi
2. The
Manager
________Branch
Allied
Bank Limited
Branch
Code: _____
REF: MY/OUR
ACCOUT NUMBER WITH THE ABOVE MENTIONED BRANCH
Dear Sir,
Standing
Instructions for Debit to Account (SIDA)
I/We,_______________________________,(Sole Proprietor/partnership firm)
having CNIC number/registration number _________ have agreed with Pakistan
State Oil (“PSO”) that as a method for collecting amounts from me/us by PSO
against the order placed by me/us for Petroleum Oil and Lubricants product(s),
I/we hereby authorize you, i.e. Allied Bank Limited ( “ABL”) to debit my/our
Account number ________________ (“my/our Account”) pursuant Instructions in the
form of invoice claim raised by PSO through electronic medium (hereinafter
referred to as the “Funds Transfer Instruction/ Direct Debit Instruction”). I/We
accordingly hereby authorize you as follows:
1. That you will
debit my/our Account at your branch mentioned above for all such amounts as may
be advised to you by Online Order Management System (“OOMS”) in favour of PSO
from time to time through the Funds Transfer Instruction/ Direct Debit
Instruction.
________________________ ______________________________
Account Holder Signature Bank Manager Signature /
Stamp
2. That you are
hereby authorized to carry out the above instructions through OOMS without any
reference to me/us and without any inquiry from me/us as to the justification
or otherwise of the Funds Transfer Instruction/ Direct Debit Instruction to
my/our Account. And I/We further undertake and agree as follows:
a) That I/we
shall not be entitled to direct/instruct/ amend/vary/modify/withdraw/cancel any
instruction stated herein or otherwise in writing or in any manner whatsoever
to you in respect of any matter of and incidental to the authorization for
Funds Transfer Instruction/ Direct Debit Instruction and you are hereby
expressly authorized to ignore/disregard such instructions from me/us, if any,
unless specifically authorized by PSO in writing about clearance of the dues.
(b) That you shall
provide to PSO information about my Account or accounts, including statement of
account, acknowledgement and receipt of this letter as and when requested by
the PSO.
(c) That my/our
Account will be closed only on receipt by you of NOC in writing to this effect
from PSO and all sums in respect of which you have received Funds Transfer
Instruction/ Direct Debit Instructions will be paid out prior to closure of
my/our Account or accounts with your Bank.
(d) That all sums
in my/our Account in respect of which you have received Funds Transfer
Instruction/ Direct Debit Instructions are for the benefit of PSO for the purpose
of making payment to PSO for products supplied or to be supplied to me/us by
PSO.
(e) That you shall
promptly notify PSO in the event of any claim, order, notice of attachment or
other demand being received from a third party or a court of law pertaining to
my/our Account.
(f) That after
Funds Transfer Instruction/ Direct Debit Instructions are received at your
branch, you shall not delay transfer of funds from my/our Account to PSO OOMS Collection
Account and that such transfer shall be done within the time period as agreed
between you and PSO.
(g) That you may dishonor
the Funds Transfer Instruction/ Direct Debit
Instruction with written information to PSO on the same day
when the Funds Transfer Instruction/ Direct debit Instruction is/are received
at your branch provided there is insufficient balance in my/our Account.
(h) That in the
event of dishonor of any Funds Transfer Instruction/ Direct Debit Instruction
for reasons abovementioned or otherwise, any damage or loss to PSO shall be
compensated from my/our Account, except where you erroneously or negligently
accept the Funds Transfer Instruction/ Direct Debit Instruction through OOMS,
in which case you shall be liable to complete the transaction of transfer of
funds. The amount paid to PSO due to erroneously accepted authority for funds
transfer or direct debit instruction, will be refunded by PSO for credit of customer’s
account if the consignment of goods there-against is not dispatched to the
customer as per the internal policy of PSO.
Account
Holder Signature Bank
Manager Signature / Stamp
(i) In case of any erroneous details/order
given by me/us to PSO, which is forwarded to you through OOMS, any damage, loss
or cost suffered by you or PSO will always be debited/adjusted from my/us
account I/We hereby agree that all the terms set out herein are binding on me/
us and my/our successors and assigns and shall not be
varied/altered/amended/revoked in any manner whatsoever without the express
written approval of PSO.
Yours truly,
Authorized Signatures:
Name
Designation
C.N.I.C.No.
WITNESS:
1. 2.
Name____________________
Name_______________________
Designation________________ Designation________________
C.N.I.C.No ________________ C.N.I.C.No. _________________
PSO Dealer /
Customer Name:
PSO Dealer /
Customer Code:
PSO Dealer Email
Address:
PSO Dealer
Mobile Phone No:
Complete Mailing
Address:
No comments:
Post a Comment