Cerinta:

Formulate complete usual and acceptable payment conditions

PT 11.000.000 total price

P1 8.000.000 price of equipment
P2 1.000.000 know-how
P3 800.000 technical assistance
P4 700.000 licence technical assistance

P5 training people
500.000

m
equipment delivery

downpayment

0 1 2 KH 3 4 L4 licence

01.03.2011 01.05.2011 01.07.2011 1.08.2011 01.09.2011 1.11.2011 01.01.2012 01.02.2012 01.

0 the signature of the contract

1 the downpayment (the signature moment can be considered the coming into force)
Downpayment = DP (10%) = price of the equipment (not the total price)
 DP = 10% * 8,000,000 = € 800.000
2 first shipment lot of equipment
KH know-how (delivered in the process of delivering the first and the second lots)
3 second shipment lot of the equipment
4 third shipment lot of the equiptment
L4 final shipment of the equipment
licence licence payment

Equipment payment
a) Downpayment by means of payment order within 60 days agains simple receipt or proforma invoice (800,000)
b) For the receival of the equipment (equipment delivery and its payment 80% of equipment price)

Revolving irrevocable letter of credit (to be opened within minimum 30 daysbefore starting delivery with the obligation of the opening to refil with the value of the
next coming)

10% kept for the start-up procedure

LC = 80% (equpiment price/ no of lots) = 1.600.000

LC against commercial invoice + quality certificate prepared and presented for each lot, specification of goods, transport documentation

Start-up

c) start-up 10% by payment order against invoice and start-up protocol signed by both parties, in 15 days from the day of signing the start-up protocol

10% payment order = downpayment

80% on delivery
10% at the start-up
one invoice for the same equipment
 Know-how payment

d) % on delivery by means of cash against documents in 15 days after receiving written documentation and invoice, against commercial invoice and specifications

30% on start-up or 20% at start-up and 10% final start-up protocol on 31.03.2013
Licence
e) delivery before star-up
100% after delivery by cash against documents or payment order in 10 days against commercial invoice, proof of sending and receiving
Technical assistance
f) payment order or cash against documents against monthly timesheets
Training
g) monthly invoices from the KH delivery by payment order or cash against documents (invoices)

Raspuns Panea:

Pai, sa le luam pe rand. Tipurile de payment conditions sunt urmatoarele:

Invoice payment terms

Payment due on last day of the month following the one in which the invoice is dated
Net monthly
account
PIA Payment in advance
Net 7 Payment seven days after invoice date
Net 10 Payment ten days after invoice date
Net 30 Payment 30 days after invoice date
Net 60 Payment 60 days after invoice date
Net 90 Payment 90 days after invoice date
EOM End of month
21 MFI 21st of the month following invoice date
1% 10 Net 30 1% discount if payment received within ten days otherwise payment 30 days after invoice date
COD Cash on delivery
Cash account Account conducted on a cash basis, no credit
Letter of
credit A documentary credit confirmed by a bank, often used for export
Bill of
exchange A promise to pay at a later date, usually supported by a bank
CND Cash next delivery
CBS Cash before shipment
CIA Cash in advance
CWO Cash with order
1MD Monthly credit payment of a full month's supply
2MD As above plus an extra calendar month
Contra Payment from the customer offset against the value of supplies purchased from the customer
Payment of agreed amounts at stage

01.03.2011 - signing of the contract and issuing of the first invoice for the downpayment using net 60
01.05.2011 - Stage payment - they agree amounts to be paid at stages for the 4 deliveries
aici va ganditi voi cum se poate face plata pentru cele 4 transporturi prin stage payment (adica aici spargeti suma de 7.200.000 de euro in 4 transe - voi
hotarati cat sa valoreze fiecare, dar totalul loturilor sa dea 7.200.000 euro - de exemplu: stage1: 3.500.000 euro, stage 2 - 2.000.000 euro, stage 3 -
1.000.000 euro, stage 4 - 700.000 euro) - platile le puteti face prin letter of credit sau bill of echange fiindca sumele sunt mari si firmele nu au atata
lichiditate pe termen scurt si se imprumuta la banca - aici sa nu folositi cumva nimic legat de cash
- pentru technical assistance etc trebuie sa alegeti o varianta de plata de tip Net 30 sau asa.
Stage
payment Succes!