Resource Centre

Payment Terms & Trade

Commercial terms are fixed on the proforma invoice before production. We keep the structure simple and documented.

Accepted payment terms

  • Advance TT — 100% telegraphic transfer in advance — standard for first-time trial orders.
  • Part advance — 30% advance with balance against scanned shipping documents.
  • Irrevocable LC at sight — Letter of credit at sight through a prime bank, confirmed where required.
  • CAD / DP — Cash against documents for established accounts with trading history.

Incoterms 2020

Incoterms 2020
TermScope
EXWEx Works from our nominated warehouse.
FOBFree On Board at Mundra, Nhava Sheva or Chennai.
CFRCost and Freight to nominated destination port.
CIFCost, Insurance and Freight with marine cover arranged.

Order workflow

  • Enquiry received with product, grade, volume and destination port.
  • Quotation issued against a defined specification and Incoterm.
  • Samples approved and proforma invoice signed.
  • Production, inspection and packing completed.
  • Documents released and shipment despatched.

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