A: To initiate your order, we require 30% Advance payment against purchase order (PO) remaining 70% due payment bewere-transfer once you get confirmation on the vessel sailing from origin port (Karachi Port) hence the 100% payment should be made prior 14 working days landing the vessel at destination port. In case of late payment ETA (Estimated time arrival) demurrageswill be borne by buyer/notify party.
It is to note that the bank is considered as a consignee party and a buyer is said to be notify party. Once the notify party(buyer/importer) in informed by the consignee about vessel sailing and making due payments, then the risk and reward of claimingthe goods will be transferred to notify the party as per local regulations below are relevant document you will receive aftertransferring due/remaining funds.
To PO:
Commercial Invoice, Packing List, Certificate of Origin, Certificate of Fumigation