1. Accepted Payment Methods
• Telegraphic Transfer (T/T / Bank Wire Transfer) • Irrevocable Letter of Credit (L/C) at Sight • Documents Against Payment (D/P) – available for approved repeat customers • Other mutually agreed secure international payment methods
2. Standard Payment Terms
• 30% Advance Payment upon order confirmation • 70% Balance Payment before shipment or against copy of shipping documents • Production and shipment scheduling will begin only after receipt of the advance payment
3. Payment Terms for New Customers
• 100% Advance Payment may be required for first-time or trial orders prior to production and dispatch
4. Letter of Credit (L/C)
• Irrevocable Letter of Credit (L/C) at Sight for large volume orders • L/C must be issued by a reputable international bank • All L/C terms must be mutually agreed before order confirmation
5. Currency
• Payments may be made in USD, EUR, or GBP unless otherwise agreed in writing
6. Bank Charges
• All international bank transfer charges outside India must be borne by the buyer • Any intermediary bank charges are also the responsibility of the buyer
7. Order Confirmation
• Orders are considered confirmed only after issuance of the Proforma Invoice and receipt of the agreed advance payment or confirmed Letter of Credit
8. Shipping Documentation
• Commercial Invoice • Packing List • Bill of Lading / Airway Bill • Certificate of Origin • Phytosanitary Certificate (if applicable) • Other documents as required by the destination country
9. Payment Security Notice
• Official banking details should be verified before making any transfer • The exporter is not responsible for losses caused by fraudulent payment instructions from unauthorized source