V&S Trading Company Co., Ltd.
Import & Export
Payment terms:
- The buyer must have good credit standing and funds in/her business account to cover the full order
- No Third party or any other financial intuition will be accepted, other than an Irrevocable & conformed LC to be issued by the buyer banks.
- 10% deposit to secure the order
- 60% payment when buyer receives shipping documents and all relevant certification documents.
- 30% balance of payment in 30/60 days, depending on quantity volumes.
- A non-negotiable due date, for the final balance of 30% payment will be incorporated into the terms and conditions, of the Irrevocable & confirmed letter of credit
- The sellers bank, the receiving & negotiating bank of the LLC, will claim against the buyers’ irrevocablelatter of credits should the buyer default on the payment due date.