Payment Terms

Payment Terms

We receive payment by:

1. T/T (TELEGRAPHIC TRANSFER)
   • FULL PAYMENT PRIOR TO SHIPMENT EFFECTED
   • DEPOSIT Min. 30% for starting production (Order Confirmation) and the balance payment should be done once after the shipment effected (upon faxing or emailing complete copy shipping documents)
2. IRREVOCABLE L/C AT SIGHT
   • Form of Document Credit: IRREVOCABLE
   • Draft: AT SIGHT
   • Date and Place Expiry: 90 days from opening of L/C at Country of Beneficiary
   • Latest Date of Shipment: 60 Days from Opening of L/C
   • Available Bank: ANY BANK BY NEGOTIATION
   • Transshipment: Allowed

Note: To avoid costly of L/C amendment and other bank charges, draft of the Transfer form or L/C should be faxed before the transfer or opening of the L/C to be done.

ALLOWED DOCUMENTS REQUIRED:

1. COMMERCIAL INVOICE
2. PACKING LIST
3. BILL OF LADING
4. CERTIFICATE OF ORIGIN (COO)
5. CERTIFICATE OF FUMIGATION

Period for Presentation: WITHIN 21 DAYS AFTER DATE OF SHIPMENT