The Incoterms rules are an internationally recognized standard and are used worldwide in international and domestic contracts for the sale of goods. They help traders avoid costly misunderstandings by clarifying the tasks, costs and risks involved in the delivery of goods from sellers to buyers. Below you can find out what they mean and use them during conversation with our Trade Specialists.
- We do accept T/T (Telegraphic Bank Transfers), Cash & Escrow payments.
- Payment Policy Update – As of 1st January 2016, we no longer accept L/C payments for new orders. Existing contracts having L/C (Letter of Credit) as payment method, shall be honoured till expiration with no renewal clause.
Yes, each payment has a customer ID and record in our database. We provide payment receipts and keep records for each payment.
- All payments must be paid following instructions on the Payment Invoice.
- T/T payments shall be received by Agric Dairy account or an authorised account by Agric Dairy.
- We guarantee every payment sent to us directly, this guarantee is sealed with a payment record and receipt. Escrow payments shall be guaranteed by the escrow company.
- How long does it take to confirm payment? This depends on the payment type. Bank transfers take an average of 3-5 business days.
- Escrow payments are instant after confirmation from the Escrow Company.
- Buyer requests a quote from us.
- An official price quote is sent to the buyer.
- Buyer accepts quote and trade terms, sends a purchase order (PO).
- We will accept the purchase order send a contract / Proforma Invoice and
- payment instructions (PI) to the buyer.
- Buyer makes payment as instructed.
- We confirm payment and issue a payment receipt.
- Packing starts
- Goods are inspected and shipped.
- Buyer receives shipping documents.
- Buyer receives goods and sends a confirmation to us.
- We do offer discounts and bonuses to customers with huge orders.
- Our sales team will notify you, if you qualify for such bonuses & discounts.
