Payment Terms — Olympic Companies

✅ Material Inspection Without Advance — Always Allowed. Buyers may arrange physical or third-party inspection (SGS, Bureau Veritas) before any advance payment is made.

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Advance + Against BL

30%

Advance

70%

Against BL

30% advance to confirm order. 70% paid against BL copy before original documents are released.

Most common — FOB / CIF shipments

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Ex-Warehouse

10%

After Inspection

90%

On Weighbridge

10% after physical inspection before loading. 90% on weighbridge slip at time of loading.

For local / ex-warehouse pickup

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Letter of Credit

At Sight

After Bank Approval

LC at Sight accepted after bank approval. Must be from a reputable international bank.

For institutional / large volume buyers

Additional Notes

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Currency

All transactions in USD unless otherwise agreed in writing.

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Inspection

SGS, Bureau Veritas, or any internationally recognized agency at buyer's cost.

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Documents

Full set released upon receipt of full payment or per LC terms: BL, Invoice, COA, MSDS, COO.

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Banking

All payments via SWIFT bank transfer. LC must be from internationally rated bank.

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Default

Delay beyond agreed terms attracts holding charges and may result in order cancellation.

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Negotiation

Terms negotiable for established buyers. Contact us to discuss long-term arrangements.

Questions about payment terms? Contact our trade team.

Contact Trade Team