The Purpose of the Credit Policy is to ensure that Masters Energy Oil & Gas Ltd.
- Assesses risks associated with customers, business segments and transactions to ensure business is conducted with entities that have acceptable financial risk profiles.
- Protects its investment in accounts receivable.
- Optimizes risk reward relationships and minimizes the risk of potential losses from default by customers and partners.
This Credit Policy outlines our company’s strategic and operational requirements from credit sales. A simple Credit Policy with manageable procedures will help build our business on minimum risk sales: these are the sales that are numerous and provide guaranteed profit levels. The policy is to ensure that everyone within the company understands the working procedure of credit sales, and, of course, to exhibit financial control over a contentious subject. This Policy defines the Credit Business Aims and Procedures where credit is provided to our customers/clients.