Dated:
1. The
Divisional Head
Cash
Management Division
United
Bank Limited
Karachi
2. The
Manager
Mirpur
Mathelo Branch
United
Bank Limited
Branch
Code: _____
Ref: My / our account number _____________________with the
above-mentioned branch
.
Dear Sir,
Standing
Instructions for Debit of Account (SIDA) I/We, ________________________________,
(Sole Proprietor/Partnership Firm),having NIC number/registration number[
____________],have agreed with Pakistan State Oil (“PSO”)
1. that as a method for collecting amounts from me/us by PSO
against the order placed by me/us for POL product(s), I/we hereby authorize
you, i.e. United Bank Limited ( “UBL”) to debit my/our Account number
________________ “my/our Account”) pursuant to written 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 in favor of PSO for all such amounts as
may be advised to you by PSO from time to time through the Funds Transfer
Instruction/ Direct Debit Instruction
.
2. That you are hereby irrevocably authorized to carry out
the Funds Transfer instruction/ Direct Debit Instructions received through
Online Order Management System (“OOMS”) from PSO in respect of my/our Account 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
in respect of 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.
(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 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 of the funds available in such Account or accounts 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 will 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 Main
Collection Account (A/c No. ______________) and that such transfer shall be
done within the time period as agreed between you and PSO.
(f) That you may
dishonor the Funds Transfer Instruction/ Direct Debit Instruction with
electronic intimation (or any other mode as agreed between Bank & PSO) to
PSO through OOMS, on the same day when the Funds Transfer Instruction/ Direct
debit Instruction is/are received by you provided there is insufficient balance
in my/our Account.
(g) 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 In case of any erroneous details/order given by
me/us to PSO, which is forwarded to you through Direct Debit
Instructions, any damage, loss or cost suffered by you or PSO will always be
debited/adjusted from my/our 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
N.I.C.No.
WITNESS:
1 2
Name_____________________ Name_____________________
Designation________________ Designation_________________
N.I.C.No. _________________
N.I.C.No. __________________
PSO Dealer / Customer Name: ____________________________________
PSO Dealer / Customer Code:
_____________________________________
PSO Dealer Email Address:
_______________________________________
PSO Dealer Mobile Phone No:
_____________________________________
Complete Mailing Address:
_______________________________________
__________________________________________________
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