Shipcar__

The total payment is split in a down payment and a balance payment.
Down payment: Where most exporters require a down payment which is a certain percentage of the pro forma invoice (normally at least 30% up to 50%), seller are tried to keep it more simple with a fixed down payment of US$ 2000/20FT Container, or US$ 4000/40FT (HC) Container, or equivalent regardless of the total value of the products to be loaded. This means that under normal circumstances the amount of the down payment will be much lower than using a certain percentage. As soon as the down payment has been received, seller will proceed with your order, and keep you updated about the progress.
Balance payment: For payment of the balance payment there are two possibilities:

1. The most used procedure is to transfer the balance payment to seller after you received a copy of the Bill of Lading either by e-mail or fax, but at latest two weeks before the date of arrival of the container at the country of destination, to enable us to courier all the documents on time. Documents will be send by a first class courier service, at latest 48 hours after the balance payment has been received.



2. The balance payment might also be paid by an irrevocable letter of credit at sight from a first class bank in our favor. Because of the higher administration fees and bank commissions involved, consignee will be charged with 1% of the invoice grand total and eventual costs of amendments in case the conditions wouldn't be workable. Therefore seller always strongly advise to fax/e-mail the concept text of the intended L/C first before really opening it. Usually, Seller do not accept the full payment to be covered by a L/C, only the balance payment.