1. Terms of payment
- A. Agrees to pay cash on the first transaction. 50% Down Payment and 50% Upon Delivery if no Stock. COD if on Stock.
- B. 2nd Month 50% Down Payment Upon Received of PO and 50% one week PDC. - upon received of purchase order on the first month with a minimum Purchase of 500k.
- C. 3rd Month 50% Down Payment Upon Received of PO and 50% two weeks PDC. - upon received of purchase order on the 2nd month with a minimum Purchase of 800k
- D. 4th Month 50% Down Payment Upon Received of PO and 50% three weeks PDC. - upon received of purchase order on the 3rd month with a minimum Purchase of 1M.
- E. 5th Month above 50% Down Payment Upon Received of PO and 50% 30days PDC. - upon received of purchase order on the 4th month with a minimum Purchase of 1.5M
2. Terms will only be given after submitting the proper documents and after the credit investigation has taken place.
3. Only checks with the accredited accounts specified in the bank reference will be accepted.
4. Delivery lead time shall depend on the availability of the stocks.
5. Non Cancellation of non-stocks orders. Supplier has the right to charge 20% for all cancelled orders.
Please submit the following documents together with this application form
- Articles of Incorporation and By-laws
- DTI Registration (Business Name) for sole proprietorship
- Business Permit/Mayor's Permit
- Authorization to Verify Bank History
- Financial Statements for the last 2 years
- Bank Statements for the last 3 motnhs
- Company Profile
- 2 Valid ID's of the Owner
