Terms and policies
Payment term
In below text, The “we” ”our” ”ours” ”us” "seller" be called for short of "Tongcheng Tianbai Plastic Co.,Ltd." and "Anhui Renton International Trade Co.,LTD."
unless otherwise specified in the countersigned Contract / Sales contract / Proforma invoice / Sales confirmation / purchase order by both the buyer and the seller,
payment method for all contracts executed strictly in accordance with below terms and conditions.
1.Acceptable Transaction Currency
USD (UnitedStates Dollar)
EUR (EUROPEAN Dollar)
GBP (Great Britain Pound)
2.Our bank account
Account with Industrial and Commercial Bank of China
[detailed USD account information, please click here ]please note that this account only for USD payment
Account with Bank of China
[detailed USD account information, please click here ] please note that this account only for USD payment
[detailed GBP account information, please click here ] please note that this account only for GBP payment
All the international transaction under formal import & export clearance,the total amount must paid to our
bank account only.
All the payment sample,paid to us via Western Union
Our payee information for Western Union transfer,please click here
3.Delivery Mode & Transaction total amount & Payment term
| Delivery Mode | Transaction total amount | Payment term |
| Shipment by sea |
From USD1 |
Total amount should 100% pay in advance before order production via telegraphic transfer (T.T). |
|
From USD5001 |
50% of total amount should pay in advance before order production via telegraphic transfer (T.T). |
|
|
From USD20001 |
30% of total amount should pay in advance before order production via telegraphic transfer (T.T). 70% of total amount paid against the scan copy of B/L, payment via telegraphic transfer (T.T) only. |
|
| More than US$100001 | Negotiate individually |
>above transaction total amount means the total amount of a single order amount, but not the
accumulated amount from different times of orders.
>whatever, document against payment (D/P) & documentary against acceptance (D/A) Cash
against documents (CAD), not acceptable
>When the payment with letter of credit (L/C),
The buyer must accept the conditions which list at
www.chnpack.com/Terms/Policies-for-LC-payment.htm absolutely
If the buyer cannot accept one or more of the conditions, Payment will not accept.
| Delivery Mode | Transaction total amount | Payment term |
| Shipment by air / railway transportation/ Land bridge transport |
From USD1 |
Total amount should 100% pay in advance before order production via telegraphic transfer (T.T). |
|
From USD5001 |
60% of total amount should pay in advance before order production via telegraphic transfer (T.T). |
|
|
From USD20001 |
50% of total amount should pay in advance before order production via telegraphic transfer (T.T). 50% of total amount before the end of mass production payment via telegraphic transfer (T.T) only. |
|
| More than US$100001 | Negotiate individually |
>above transaction total amount means the total amount of a single order amount, but not the
accumulated amount from different times of orders.
>whatever, document against payment (D/P) & documentary against acceptance (D/A) Cash
against documents (CAD), not acceptable
>When the payment with letter of credit (L/C),
The buyer must accept the conditions which list at
www.chnpack.com/Terms/Policies-for-LC-payment.htm absolutely
If the buyer cannot accept one or more of the conditions, Payment of L/C will not accept.
5. Payment and delivery time
All the order will carry out, after we received the deposit / the first time payment as each contract
agreed.
So the delivery time must from the date which we received the definite notice of payment arrives
from our account bank.
The account bank of us are industrial and Commercial Bank of China or Bank of China
We have authority to extend the delivery time, if we got the deposit delay.
6.Limit time for the balance payment
We have authority to cancel the order unilaterally, if there is no any responding from the buyer or the
buyer default of payment for the balance amount after 5 working days we have been sent the scan
copy of bill of leading to the buyer.
7.Banking charges
All banking charges outside the People's Republic of China including the banking charge or the
commission by the Issuing bank / Intermediary Bank / paying bank/ drawee bank / Presenting bank/
transmitting bank are for account of the buyer.
All banking charges inside the People's Republic of China are for account of the seller.
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