Payment Terms

                                                                                                                         Different suppliers dictate their own terms to sell their products/ commodities. But it's desirable that the buyer should irrevocably accept the terms if they are serious. It will be wastage of time for negotiating for payment terms.

                                                                                                                           You can adopt any payment term out of the following options.

Documentary Letter of Credit (DLC) > Payments will be by 100% Confirmed, Irrevocable, Unconditioned , Transferable (or non transferable) and Revolving (If annual contract) issued by prime top 50 banks and payable at the loading port at sight against all documents indicated in contract.

 

OR
Bank Guarantee or Stand By L/C ( 1.5 months shipment value valid 467 days) IRREVOCABLE, TRANSFERABLE, UNCONDITIONAL, DIVISIBLE, ASSIGNABLE AND CONFIRMED payable at Loading Port at sight against documents indicated on the contract.

 

OR
Bank Guarantee or Stand By L/C (THREE month value valid 467 days) IRREVOCABLE, TRANSFERABLE, UNCONDITIONAL, DIVISIBLE, ASSIGNABLE AND CONFIRMED payable via TT within five working days at the Unloading Port

 

OR
100% At Sight, Irrevocable, Confirmed by a top bank, Unconditional Transferable, Divisible, auto revolving & non operative SBLC/ DLC

For buyers of medical disposables: They are to open non-transferable LC on our co. name as we are also established exporters of different kinds of Finished Pharmaceuticals, Medical / Surgical disposables which posses GMP, FDA or CE certification.

 
 
 
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