Trading terms

Prior to a requested shipment date, BPI requires the following documents:

• Completed purchase order

• Signed proforma invoice.

After shipment date is confirmed, BPI requires:

• Receipt of cash deposit

• Or a letter of credit for 100 % of the FOB value with all bank charges, including amendments for the account of the applicant.

• Confirmation of packaging and labeling designs and / or material.

Failure to comply with any of these timelines will likely result in production and\or shipment delays. 

Payments:

• Balance of payment will be paid upon fax copy of Bill of Lading. If buyer fails to pay the balance, the goods will then be sold on the open market at a price to recover the balance.

• All charges due to late payment will be paid by the buyer

• Interest charges of 10% / month apply when the balance of the goods has not been paid and stored by Benpat. Warehouse charges also apply.

• All payments should include bank charges. If payments are made with a deduction of more than US$8.00 (local handling fee in Hong Kong) the balance will be deducted from shipment.

Customer claims resulting from faulty quality must be reported within 14 days of each vessel’s arrival date at the final destination.

All claims should be supported by documentation including photographic evidence and a sample showing clearly the product area at fault.