Our payment terms are based on type of charges. We have the following charges:
1. Product Development charges - paid in full before product development kicks off
2. Adhoc expenses - Courier or other expenses incurred - settled on a monthly basis 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 product price and remaining product price before dispatch and freight & other charges paid before delivery.