[vc_row][vc_column][vc_custom_heading text=”Our Payment Terms” font_container=”tag:h2|text_align:center” google_fonts=”font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:700%20bold%20regular%3A700%3Anormal” css_animation=”fadeIn”][vc_empty_space height=”20px”][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][vc_icon icon_fontawesome=”fa fa-chevron-circle-right” color=”white” background_style=”rounded-less” background_color=”green” align=”right” css_animation=”none”][/vc_column][vc_column width=”3/4″][vc_column_text css_animation=”none”]PIA – Payment in advance[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][vc_icon icon_fontawesome=”fa fa-chevron-circle-right” color=”white” background_style=”rounded-less” background_color=”green” align=”right” css_animation=”none”][/vc_column][vc_column width=”3/4″][vc_column_text css_animation=”none”]Net 7 – Payment seven days after invoice date[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][vc_icon icon_fontawesome=”fa fa-chevron-circle-right” color=”white” background_style=”rounded-less” background_color=”green” align=”right” css_animation=”none”][/vc_column][vc_column width=”3/4″][vc_column_text css_animation=”none”]Net 10 – Payment ten days after invoice date[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][vc_icon icon_fontawesome=”fa fa-chevron-circle-right” color=”white” background_style=”rounded-less” background_color=”green” align=”right” css_animation=”none”][/vc_column][vc_column width=”3/4″][vc_column_text css_animation=”none”]Net 30 – Payment 30 days after invoice date[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][vc_icon icon_fontawesome=”fa fa-chevron-circle-right” color=”white” background_style=”rounded-less” background_color=”green” align=”right” css_animation=”none”][/vc_column][vc_column width=”3/4″][vc_column_text css_animation=”none”]Net 60 – Payment 60 days after invoice date[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][vc_icon icon_fontawesome=”fa fa-chevron-circle-right” color=”white” background_style=”rounded-less” background_color=”green” align=”right” css_animation=”none”][/vc_column][vc_column width=”3/4″][vc_column_text css_animation=”none”]Net 90 – Payment 90 days after invoice date[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][vc_icon icon_fontawesome=”fa fa-chevron-circle-right” color=”white” background_style=”rounded-less” background_color=”green” align=”right” css_animation=”none”][/vc_column][vc_column width=”3/4″][vc_column_text css_animation=”none”]EOM – End of month[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][vc_icon icon_fontawesome=”fa fa-chevron-circle-right” color=”white” background_style=”rounded-less” background_color=”green” align=”right” css_animation=”none”][/vc_column][vc_column width=”3/4″][vc_column_text css_animation=”none”]21 MFI – 21st of the month following invoice date[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][vc_icon icon_fontawesome=”fa fa-chevron-circle-right” color=”white” background_style=”rounded-less” background_color=”green” align=”right” css_animation=”none”][/vc_column][vc_column width=”3/4″][vc_column_text css_animation=”none”]1% 10 Net 30 – 1% discount if payment received within ten days otherwise payment 30 days after invoice date[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][vc_icon icon_fontawesome=”fa fa-chevron-circle-right” color=”white” background_style=”rounded-less” background_color=”green” align=”right” css_animation=”none”][/vc_column][vc_column width=”3/4″][vc_column_text css_animation=”none”]COD – Cash on delivery[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][vc_icon icon_fontawesome=”fa fa-chevron-circle-right” color=”white” background_style=”rounded-less” background_color=”green” align=”right” css_animation=”none”][/vc_column][vc_column width=”3/4″][vc_column_text css_animation=”none”]Cash account – Account conducted on a cash basis, no credit[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][vc_icon icon_fontawesome=”fa fa-chevron-circle-right” color=”white” background_style=”rounded-less” background_color=”green” align=”right” css_animation=”none”][/vc_column][vc_column width=”3/4″][vc_column_text css_animation=”none”]Bill of exchange – A promise to pay at a later date, usually supported by a bank[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][vc_icon icon_fontawesome=”fa fa-chevron-circle-right” color=”white” background_style=”rounded-less” background_color=”green” align=”right” css_animation=”none”][/vc_column][vc_column width=”3/4″][vc_column_text css_animation=”none”]Letter of credit – A documentary credit confirmed by a bank, often used for export[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][vc_icon icon_fontawesome=”fa fa-chevron-circle-right” color=”white” background_style=”rounded-less” background_color=”green” align=”right” css_animation=”none”][/vc_column][vc_column width=”3/4″][vc_column_text css_animation=”none”]CND – Cash next delivery[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][vc_icon icon_fontawesome=”fa fa-chevron-circle-right” color=”white” background_style=”rounded-less” background_color=”green” align=”right” css_animation=”none”][/vc_column][vc_column width=”3/4″][vc_column_text css_animation=”none”]CBS – Cash before shipment[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][vc_icon icon_fontawesome=”fa fa-chevron-circle-right” color=”white” background_style=”rounded-less” background_color=”green” align=”right” css_animation=”none”][/vc_column][vc_column width=”3/4″][vc_column_text css_animation=”none”]CIA – Cash in advance[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][vc_icon icon_fontawesome=”fa fa-chevron-circle-right” color=”white” background_style=”rounded-less” background_color=”green” align=”right” css_animation=”none”][/vc_column][vc_column width=”3/4″][vc_column_text css_animation=”none”]CWO – Cash with order[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][vc_icon icon_fontawesome=”fa fa-chevron-circle-right” color=”white” background_style=”rounded-less” background_color=”green” align=”right” css_animation=”none”][/vc_column][vc_column width=”3/4″][vc_column_text css_animation=”none”]1MD – Monthly credit payment of a full month’s supply[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][vc_icon icon_fontawesome=”fa fa-chevron-circle-right” color=”white” background_style=”rounded-less” background_color=”green” align=”right” css_animation=”none”][/vc_column][vc_column width=”3/4″][vc_column_text css_animation=”none”]2MD – Monthly credit payment of a full month’s supply plus an extra calendar month[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][vc_icon icon_fontawesome=”fa fa-chevron-circle-right” color=”white” background_style=”rounded-less” background_color=”green” align=”right” css_animation=”none”][/vc_column][vc_column width=”3/4″][vc_column_text css_animation=”none”]Contra – Payment from the customer offset against the value of supplies purchased from the customer[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][vc_icon icon_fontawesome=”fa fa-chevron-circle-right” color=”white” background_style=”rounded-less” background_color=”green” align=”right” css_animation=”none”][/vc_column][vc_column width=”3/4″][vc_column_text css_animation=”none”]Stage payment – Payment of agreed amounts at stage[/vc_column_text][/vc_column][/vc_row]