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We accept 100% advance amount including shipping charges, if the
products are selected from ready stock. We accept orders only on 50%
advance along with confirmation of order. For the balance amount you
have option like LC, DP, before dispatch or else as the payment modes
are discussed under.
General Shipping
Terms
·
FOB:
This
acronym expands to "Free on Board' which simply means that all expenses
are paid at our end till the order is on board the ship at Indian port.
Only ocean freight, destination charges and insurance is in your
account.
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CIF:
This
acronym expands to "Cost-Insurance-Freight" which simply means that all
expenses including insurance are paid till the order reaches
destination. Only destination charges are in your account. If insurance
is covered by you the acronym becomes C&F which is "Cost & Freight".
Payment Terms
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Wire
Transfer:
This is one of the most secure, cost effective and fastest way of
payment whereby you can instruct your bank to send a wire transfer to
our bank for the order amount. Upon receipt of the confirmed order, we
give you our bank details required for wire transfer. It usually takes
24-48 hours for the wire transfer to reach our bank, leaving the
time-zone gap between our countries. 99% of our business is done on
payment through wire transfers.
·
Letter of credit (L/C):
This is internationally acclaimed as the most secure way of transaction
but the only disadvantage is the cost involved in opening an L/C at your
end and the same at our end as well for negotiating the L/C and for the
interest charges on the term of L/C. These additional charges finally
add to the cost of the product. If you want to open an L/C, we can
discuss its terms and conditions.
·
Credit Card / Paypal:
People find it as
most convenient way of paying but it is very insecure hence we do not
recommend payment through Credit Cards or Paypal. But if you insist we
can provide you with a link for such payment after which you will have
to fax us the copy of credit card, letter of authority and invoice.
Letter of authority and invoice will be generated while making the
payment you must take its print out for your/our records.
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