BWW India is pleased to announce a revised procedure to process your credit sales requirements for Tools and Tickets.
This revised procedure will be effective from May 01, 2005 and is framed as per the guidelines laid down by the Management Committee of BWW India.
Credit Sales to Platinum's in all cases need the prior authorization of their Upline Founder Emerald, and approval from their Upline Diamond, who is an Advisory Board Member.
An Emerald would require the prior approval from his Upline Diamond.
However, Diamonds can authorize themselves for the credit.
The Format of the authorization is attached as Annexure
Together with your sales order for Tools or Ticket requisitions for functions you need to send us your Cheque for the full value of that consignment. The cheque could be dated as under:
Tools: 30 days from the date of invoice/ dispatch advice (for BSM);
Tickets: Due date for settlement of ticket for the function concerned. (3 days prior to function date for BBS and 10 days prior to function date for mega functions)
In case there is need to rectify the Post Dated Cheque the same needs to be replaced with the revised Cheque. Else we will deposit the Post Dated Cheque that you had submitted earlier.
As a matter of principle the Committee has laid down that if a Cheque is dishonored for want of funds or any reason then, the concerned Leader will immediately pay by cash or by deposit of demand draft and the Leader will forfeit the right to receive goods and tickets on credit until the matter is reviewed and re-approved by Upline Diamond.
It would be advisable to check the past payment record (where available) of the Leader before approving any application. BWW will help you in this matter. The list of creditors in the BWW Diamond Organization along with the credit facility they avail would be forwarded to the diamonds .
Where a leader's Cheque has been dishonored for want of funds on more than 2 occasions, we request you to turn down the credit request.
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