Payment Terms: Agreed Together, Written Down

How we agree payment terms

Every order is different — product, value, destination and relationship all matter. So instead of a rigid formula, we agree payment terms with each buyer before the order is confirmed.

1. Discuss. Tell us how you usually pay and what your bank or company policy allows.
2. Propose. We suggest a structure that is secure and workable for both parties.
3. Agree. The agreed terms are written on the proforma invoice or sales contract, together with the Incoterm, price, delivery period and documents.
4. Confirm. Production, packing and shipping start once both sides have confirmed.

Methods we can work with

• Bank transfer (T/T) on terms agreed between the parties
• Irrevocable Letter of Credit (LC), including at sight
• Documentary collection through banks
• Escrow through a reputable provider with agreed release conditions
• Other mutually approved arrangements

All arrangements are subject to banking verification and to Indian export and foreign-exchange regulations. For a neutral overview of the options, read our guide International payment methods for commodity trade.