Terms Of Payment

You can pay in 4 currencies.

Why do we do it?

We do it to make it convenient for our customers to carry out payment in the currency convenient for them. We try to adjust under the client, to create all the necessary conditions for the client!

Payment is made by bank transfer: Prepayment of 30% for order confirmation, the remaining 70% after customs clearance!

Payment method T/T

The way of transferring money to any country of the world by means of wire or telephone transfer between banks. The transfer is usually made in the currency of the recipient and the money can be credited to his account in a certain bank or paid in cash upon presentation of the identification document.

When is it used?

- T / T is a very common payment method for buyers of their Chinese and other suppliers. It is usually used in a trust relationship (when the buyer has a relationship with established foreign suppliers), or if the supplier demands what is referred to as a prepayment or advance T/T. For supplier credibility, the buyer must pay a 30% T / T advance to confirm the order and a 70% T / T payment after customs clearance.

Delivery Methods

INCOTERMS 2020 shipping methods

Incoterms 2020 are international rules recognized by governments, law firms and traders throughout the world as an interpretation of the most applicable terms in international trade. The scope of Incoterms 2020 (Incoterms 2020) applies to the rights and obligations of the parties to the contract of sale in terms of the delivery of goods (terms of delivery of goods). Incoterms 2020 rules entered into force on 1 January 2011.

Incoterms rules (Incoterms) are abbreviated on the first three letters of trade terms that reflect the business practice in contracts international sale of goods. Incoterms rules essentially define the duties, costs and risks involved in taking goods from sellers to buyers.

One of the key terms of Incoterms: regulation of the moment of transfer of title must be specified in the contract separately, it is desirable that with the transfer of title coincided with the transfer to the buyer risk accidental loss or risk of damage Product.

Each defined term is a three-letter abbreviation, the first letter indicating the point of transfer of obligations and risks from the seller to the buyer:

• Group E-shipping, liability transfer-at the point of shipment (English departure). The seller must deliver the goods to the buyer at the seller's premises or warehouse and the seller does not clear the goods for customs clearance; the seller is not responsible for loading the goods onto the vehicle; EXW.
• Group F - main carriage unpaid by the seller, the transfer of obligations at departure terminals for main transport. Seller undertakes to deliver the goods to the carrier hired by the buyer; FCA, FAS, FOB.
• Group C - main carriage paid by seller, passing of obligation - at arrival terminals for main carriage. The seller must enter into a contract of carriage, but without assuming risk of accidental loss or damage to the goods; CFR, CIF, CPT, CIP.
• Group D- Arrival, transfer of obligation with the buyer, full delivery. The seller bears all costs of delivery and assumes all risks until the goods arrive in the country of destination; DAT, DAP, DDP.

Incoterms 2010 defines 11 terms, 7 of which are applicable to any mode of transport of the main carriage.

• EXW (ex works, ex-warehouse, ex-factory): goods are taken by the buyer from the seller's warehouse specified in the contract and the payment of export duties is the responsibility of the buyer.
• FCA (Free Carrier): goods are delivered to the principal carrier of the customer to the departure terminal specified in the contract, export duties are paid by the seller.
• CPT (carriage paid to...): the goods are delivered to the carrier of the customer, the main carrier to the arrival terminal specified in the contract is paid by the seller, the insurance costs are borne by the buyer, import customs clearance and delivery at the arrival terminal of the main carrier is the buyer.
• CIP (Carriage and insurance paid to...): The same as CPT but the main carriage is insured by the seller.
• DAT(delivered at terminal): the delivery to the import terminal specified in the contract is paid, that is, the export duties and the main carriage including insurance are paid by the seller and import customs clearance is carried out by the buyer.
• DAP (delivered at place): Delivered at destination specified in the contract, import duties and local taxes are paid by the buyer.
• DDP (delivered duty paid): The goods are delivered to the customer at the place of destination specified in the contract, cleared of all customs duties and risks.

Also in Incoterms 2010 are defined 4 terms applicable exclusively to maritime transport and transport of territorial waters:

• FAS (free alongside ship): Goods are delivered to the buyer's ship, the contract specifies the port of loading, transshipment and loading charges the buyer.
• FOB (free on board): goods are shipped on the buyer's ship and the seller pays for transshipment.
• CFR(cost and freight): the goods are delivered to the buyer's port of destination indicated in the contract, the insurance of the main carriage, unloading and transshipment are paid by the buyer.
• CIF(Cost, Insurance and Freight): Same as CFR but the seller insures the principal carriage.

So, in Incoterms 2010 compared with Incoterms 2000, the term DAP was introduced to replace excluded DAF (delivered at frontier), DES (delivered ex ship, delivery on board ship at the port of destination) and DDU (delivered, duty unpaid, delivered to a specified place without customs clearance), and instead of DEQ (delivered ex quey, delivery at port) introduced more general term DAT.

In Incoterms 2020, DAT (Delivery at Terminal) will disappear, but DPU (Delivered at Place Unloaded) will appear. The place of unloading can be anything - including a transshipment terminal.

Due to the fact that we have many partners in the logistics industry, we are ready to organize our own delivery to your any region!

Catalogue