Dear Valued Customer,
Payment is a crucial step in establishing a successful partnership. Based on the characteristics of our products and the international trade practices outlined in Incoterms® 2020, we have established the following payment terms:
1. Order Amount ≤ $10,000
Upon receiving 100% prepayment, we will arrange production and ensure timely delivery. All custom product orders are subject to this term.
2. Order Amount > $10,000
Depending on different international trade terms, the following payment plans apply:
- EXW/FCA/DAP/DDP Trade Terms
- After a 30% deposit is paid, we will commence production. The remaining 70% must be paid before pickup or shipment, and payment should be completed within 30 calendar days after receiving the order readiness notification.
- FOB/CIF Trade Terms
- Seller's Freight Forwarder: After a 50% deposit is paid, we will start production. The remaining 50% must be paid before the goods are loaded onto the vessel. We will then handle export procedures and provide a telex release or original bill of lading. Payment must be completed within 7 calendar days after receiving the notification of goods being delivered to the shipping company. Failure to pay will result in the goods being considered abandoned.
- Buyer's Freight Forwarder: For customer-appointed freight forwarders, we will evaluate the forwarder and provide a corresponding payment plan.
- CIF Trade Terms (Order Amount > $100,000)
- Seller's Freight Forwarder: For CIF orders exceeding $100,000, we allow production to begin after a 50% deposit is paid. An additional 40% is due before the goods are loaded onto the vessel, and the remaining 10% is collected after the goods arrive at the destination port. Please note that the remaining 10% must be paid within 10 calendar days of the goods arriving at the destination port. Upon completion of payment, we will send the original bill of lading. Otherwise, the goods will be considered abandoned.
- Buyer's Freight Forwarder: For customer-appointed freight forwarders, we will evaluate the forwarder and provide a corresponding payment plan.
- L/C Trade Terms
- Letter of Credit payment terms are currently under development...
Thank you for your understanding and support of our payment terms. We are committed to being a trustworthy supplier and strive to live up to the trust of every customer. We look forward to a long-term partnership and mutual success!
If you have any questions regarding payment, please email us at [email protected] or contact our team for confirmation.
This page was last updated on January 31, 2025
