Wood Rattan Furniture

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10 Feb

Payment Term

wood rattan furniture indonesia1. Payment by T/T

  1. Please email or fax a copy of the aplicant before issuing it (62-271-7892000), to check with the bank and shipping lines for term that may cause problem in complience to avoid unnecessary later costly amendments.
  2. Axel Furniture a direct down payment on precenting the order, to start the manufacture of the full container load orders, amounting to 40% of the total invoice or total sales contract.
  3. The balance payment as per commercial invoices paid by the T/T (transfered after received copy of complete document) or L/C.

2. Payment by L/C

The L/C should be fulfill the following this criteria (a must) to avoid later costly amendments :

  1. Irrevocable
  2. Payable at sight
  3. Confirmed (must be added by advising bank)
  4. Issued from recognized bank
  5. Shipment latest 2.5 month
  6. Credit valid for 3 month
  7. Expiry place is Indonesia
  8. Partial shipment allowed
  9. Transhipment allowed
  10. Bill of lading consigned to order of issueing bank
  11. Fees and banking charges are to aplicant
  12. Document are to be presented to advising bank
  13. Clearly against following document only
  14. Precentage credit amount tolerance +/- 10%


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