price and payment terms

 

Price
The price is FOB Semarang Port Indonesia or CIF Price, which one do you like better.

Payment Method
Two option for payment that make you confident : Telegraphic Transfer (TT) and L/C
For an FCL order we request a down payment of 50% before we execute your order. The down payment should be sent by Telegraphic Transfer (TT) to our bank account. The balance could be covered either by Letter of Credit (LC) or by TT. Our bank account detail will be provided along with Proforma Invoice

1. Payment by Telegraphic Transfer (TT)
    - Please fax a copy of the proof of the transfer validated by your bank to our fax number.
      Should there be delay for the transfer to arrive to our account, our bank will need the
      datas to trace it.
    - As soon as we receive the transfer, we will confirm it to you, and the production will
      start.
    - One week after we load the container, we will fax you the original shipping documents
      (B/L, Certificate of Origin, Certificate of Fumigation, along with Commercial Invoice and
      Packing List). Only after we receive the balance payment will we send these
      documents to you.

2. Payment by L/C
    Payment by L/C should covered the balance of payment after the down payment. L/C
    should meet the following criteria in order to avoid costly amendments later:
    - Irrevocable
    - Payable at sight
    - Confirmed by the advising bank
    - Issued from an internationally recognized bank
    - Latest shipment date: for 20' container, 8 weeks after the date of issue. For 40'
      container, 10 weeks.
    - Credit valid for 3 months.
    - Expiry place is Indonesia
    - Partial shipment allowed
    - Transshipment allowed
    - Bill of Lading consigned to the order of issuing bank
    - Fees and banking charges are for the applicant's account
    - Negotiating bank is the same as advising bank
    - Documents to be presented: Bill of Lading, Certificate of Origin, Certificate of
      Fumigation, Commercial Invoice, Packing List.
    - Credit amount tolerance: +/- 15%
    - L/C should be advised through our bank

 

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