Our payment terms is the agreement we have with our customers about when we require payment relative to an order being started or delivered.
Payment Terms
Basics:
Our Policies:
Standard Payment Terms
Agreement Form
Standard Payment Terms
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- We require 100% payment in order to deliver an order.
- If an order is not paid in full by the time the order is complete, we will hold on to your order until payment is submitted.
- Customers with an established relationship with us can apply for preferential payment terms. To apply, scroll down to our "Payment Terms Application".
Agreement Form
TERMS AND CONDITIONS
1. CORRECTNESS OF INFORMATION.
By submitting this form, you affirm that the information provided herein are true and correct. Any misrepresentation or incorrect information found by the bank shall be cause for denial or rejection of the loan.
2. EXPECTATION.
The CUSTOMER shall pay the invoice total within 30days of receipt of products.
3. LATE PAYMENT.
Late payments made by the CUSTOMER every month shall incur late payment charges of three percent (10%) of the total amount.
4. ADVANCED PAYMENTS.
The CUSTOMER may pay the installments in advance or pay the invoice in full at any time.
5. PAYMENT OF INVOICE METHOD.
The CUSTOMER shall make payments for their invoice either in cash, check, or any negotiable instrument to any branch of the bank.
6. DISPUTES IN CASE OF BREACH.
In case of dispute, claim, or controversy arising due to breach of this agreement, the parties may submit to arbitration chosen by both parties. The parties shall divide the cost and expenses to the proceeding in equal shares. Further, the losing party shall pay the cost of attorney's fees of the prevailing party, other than the dispute award.