TERMS OF PAYMENT
Welcome to our payment terms page. We understand that clear financial agreements are essential for a successful business relationship. This page provides you with a detailed overview of our payment policies and accepted methods. Our aim is to provide a transparent and fair basis for financial settlement in order to strengthen your trust and build a long-term partnership.
1. Overview of the terms of payment
Our payment terms are primarily directed towards businesses, not end consumers. We prefer to use bank transfers (T/T) and documentary credits (L/C) as primary payment methods and currently do not offer open account (OA).
For T/T payments, we accept:
• 100% T/T in advance
• 30% T/T in advance, balance against B/L (Bill of Lading).
For L/C payments, we accept:
• Sight L/C
• Usance LC (30 days, 60 days)
• Usance LC payable at sight
If you have any questions about these payment terms or need additional information, our contact details are available for your convenience.
2. Payment deadlines and methods
We accept payments via T/T and L/C and currently do not accept payments via OA. Please note that when using T/T as a payment term, the trading partner may be either Kelewell Trading GmbH, Chengdu Sunlite Technology Co., Ltd, or Chengdu Golden Raven Technology Co. Ltd. When using L/C, the trading partner can only be one of the latter two due to restrictions imposed by the issuing bank.
3. Discounts and special conditions
3.1 Early Payment Discounts
We may offer early payment discounts for certain T/T payment terms. Details can be individually negotiated.
3.2 Special Terms
Special terms regarding payment deadlines and discounts may be offered for specific business partners.
4. Payment arrears and dunning procedures
4.1 Payment Arrears
Late payments may incur default interest or fees.
4.2 Reminder Procedure
The reminder procedure will be activated if payments are not received within the agreed-upon deadlines.
5. Legal and contractual assurances
Our terms of payment are based on statutory minimum requirements and individual contractual agreements. Laws may stipulate provisions for payment deadlines, default and interest on arrears. Contracts may also stipulate individual payment terms to meet specific requirements.
6. Contact information and support
For further questions or clarifications regarding our payment terms, our contact details are available on the contact page. We appreciate your cooperation and are ready to assist you with any concerns.
7. Conclusion and thank you
Thank you for your trust in our business relationship. We appreciate the cooperation and look forward to providing you with high-quality products and first-class service.