Our payment terms are based on the type of charges. We have the following charges:
1. Product Development charges: These charges are paid in full before product development kicks off
2. Ad hoc expenses: Courier or other costs incurred, settled every month for bills under $5000 in aggregate and quarterly for bills over $5000.
3. Purchase Orders: Normally, 50% advance and 50% before dispatch for ex-factory orders and for DDP orders (door-to-door including freight). It is usually 50% advance of the product price and the remaining product price before dispatch, and freight & other charges are paid before delivery.