Vendors under the gold plan receive higher order value in priority over vendors under standard plan. They also receive PO financing, logistics support and advance payments.
Vendors under the Gold plan get preference for higher value orders that meets and exceed $10k USD in PO value. If an order inquiry remains open for a considerable amount of time, only then that order inquiry is offered to vendors under Standard plan.
Additionally, vendors under Gold Plan get eligible for advance payment up to 50% of order value for the first quarter and thereafter eligible for PO financing.
To list out in bullet points, here are the advantages of the Gold Plan:
Higher Order value preference : Simply put - Vendors under the gold plan receive higher order value in priority over vendors under standard plan.
Advance Payment : Vendors under gold plan become eligible to receive advance payment up to 50%, while vendors in standard plans won't be eligible.
PO Financing : Vendors under the gold plan are eligible for Purchase Order Financing. Some vendor avail this facility to close orders of some of their own internal inquiries which they could not close due to lack of financing ability. A self generated inquiry, closed using Hula Global's PO financing support would not count as inquiry generated by Hula Global and as a result vendors would continue to receive their 6 inquires per quarter in addition to the inquiry closed using Hula Global's financial support.
Logistics Support : Vendors under the gold plan get logistics and DDP support (Door-to-door shipping) from our logistics team. Similar to PO financing, a self generated inquiry, closed using Hula Global's logistics support would not count as inquiry generated by Hula Global and as a result vendors would continue to receive their 6 inquires per quarter in addition to the inquiry closed using Hula Global's logistics support.
Liquidation : In event of buyer's payment default, Hula Global also supports factories in liquidation on adhoc basis.