Financial Information

Please remit checks to the following address, this is a lockbox and will only accept standard USPS letters:

Peerless
75 Remittance Drive, Suite #1422
Chicago, IL 60675-1422

If you wish to overnight payment via FedEx, UPS or other services, they must be sent to the following address:

Peerless
Lockbox 1422
5505 N Cumberland Avenue
Suite 307
Chicago, IL 60656-1471

For wire information, please call +1 937-492-4158 and ask for the Accounts Receivable department.

With non-U.S. companies where we do not deal on an open account basis, we may require a Letter of Credit (LC) to be opened in our favor to secure the interests of both Peerless and its customer. Following are some of the basic requirements that we have when establishing an LC.

Please instruct your bank to issue this credit subject to the Uniform Customs and Practice for Documentary Credits, International Chamber of Commerce Publication 600 (you can get a copy of this publication at www.iccbooks.com) and in accordance with the following terms and conditions:

Your Peerless Food Equipment salesman will gladly discuss the details of this process with you for a speedy and smooth transaction.

DIRECT PAY PERMIT: 98-002777

This permit does not apply to the rental of motel/hotel rooms, for the purchase of meals or for construction contractors providing for the improvement of real property.

Per the requirements of Ohio Revised Code 5739.031; Section: F (noted below) this document shall serve as notification of our direct pay permit and our exemption from paying Sales and Use Taxes through our vendors.

(F) Persons who hold a direct payment permit that has not been canceled shall not be required to issue exemption certificates and shall not be required to pay the tax as prescribed in sections 5739.03, 5739.033, and 5741.12 of the Revised Code. Such persons shall notify vendors and sellers from whom purchases of tangible personal property or services are made, of their direct payment permit number and that the tax is being paid directly to the state. Upon receipt of such notice, such vendor or seller shall be absolved from all duties and liabilities imposed by section 5739.03 or 5741.04 of the Revised Code with respect to sales of tangible personal property or services to such permit holder.

Vendors and sellers who make sales upon which the tax is not collected by reason of the provisions of this section shall maintain records in such manner that the amount involved and identity of the purchaser may be ascertained. The receipts from such sales shall not be subject to the tax levied in section 5739.10 of the Revised Code.

 Upon the cancellation or surrender of a direct payment permit, the provisions of sections 5739.03, 5741.04, and 5741.12 of the Revised Code shall immediately apply to all purchases made subsequent to such cancellation or surrender by the person who previously held such permit, and such person shall so notify vendors and sellers from whom purchases of tangible personal property or services are made, in writing, prior to or at the time of the first purchase after such cancellation or surrender. Upon receipt of such notice, the vendor shall be subject to the provisions of sections 5739.03 and 5739.10 of the Revised Code and the seller shall be subject to the provisions of section 5741.04 of the Revised Code, with respect to all sales subsequently made to such person. Failure of any such person to notify vendors or sellers from whom purchases of tangible personal property or services are made of the cancellation or surrender of a direct payment permit shall be considered as a refusal to pay the tax by the person required to issue such notice.

Steve Hensley
Controller
Peerless Food Equipment