Sales Agreement Payment Terms


A seller may choose to deliver the goods and later invoice the buyer for payment. Create a custom invoice. 11.12. Upon delivery, the customer must carry out an inspection of the goods in order to verify the weight, length, width and all essential characteristics of the products in accordance with the order confirmation, and any obvious damage to the goods or defects due to quality, quantity or other disagreements that could be detected by an appropriate control are then recorded by the customer in the documents of receipt of the goods and explicitly indicated. 6. The buyer must, upon receipt of the seller`s shipping recommendation, open an irrevocable credit with the Bank of China for the benefit of the seller for the total value of the delivery 25-30 days before the delivery date. The L/C is available against the seller`s project on the issuing bank for a 100% invoiced value as well as the shipping documents indicated in the payment clause mentioned in the sales contract. Payment is made by the issuing bank by T/T, upon presentation of the aforementioned project and the aforementioned documents. The L/C is valid until the 20th day following delivery – Terms of payment No other clause in the general conditions of sale of the buyer can in any case prevail over this agreement. The absence of rejection of jurisdiction clauses in the buyer`s general conditions of sale never presupposes their acceptance by the seller. 7.4. Delays in material checks carried out by the buyer or by third parties do not allow the customer to further delay the collection of the goods, the acceptance of the shipment or the payment of deliveries. 20.2.

All legal relations between the seller and the buyer that are not expressly governed by this contract are subject, in addition to these general conditions, exclusively to Spanish law as the law of the seller`s place of business. If the delivery is to be made without prior written confirmation, the sales contract is concluded with the delivery. 4. All payments must be made in U.S. currency by buyer to seller by M/T to accounts indicated by seller with the bank in the United States. The buyer expressly authorizes the transfer of the personal data made available to branch companies in order to achieve the purposes directly related to the requested functions. The customer also agrees to transfer all personal data to insurance companies mandated by the seller to cover defaults and to include, together with the records, financial information about the debtor and files received by companies of law, in order to ensure the buyer of Delfin Tubes S.A. an adequate management of the credit granted. In any case, you should make sure that you have a written agreement to make sure things go smoothly until the money and goods have been exchanged, and you and the other party will want to know what to do when it comes on the way to hiccups. This agreement can be used for a number of merchandise sales, from small purchases to large-scale contracts. A contract of sale, also known as a contract for the sale or sale of goods, is used to determine the terms of a transaction between two parties. A successful person or business needs to maximize profits by anticipating the biggest sales periods and knowing how much inventory is needed to meet demand.

Without a sales contract, you or your business might not be able to sell or save inventory at the best prices because they don`t maximize profits. 12. Exemption: Buyer releases Seller from any liability, loss, cost, penalty, damage or expense, including attorneys` fees, that are due to Seller as a result of claims, damages, injuries, accusations, proceedings, summonses or interruptions of work resulting from or in any way from the installation, modification or use of goods or services by Buyer. . . .

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