Hi, I have established a proprietor firm to supply agro products. I have clients from other states whom I don't know personally, but they do have a GST number. When I requested them to provide turnover and annual reports while placing an order (PO), they refused, stating they would only share the information if we meet in person.
Some of my clients prefer to pay a 20% advance against the LR copy, while others wish to pay nothing upfront. The remaining amount (either 80% or 100%) they plan to pay via RTGS upon goods delivery. Additionally, they are offering post-dated checks or a blank cheque for security, which they will retrieve upon paying via RTGS after delivery.
My main concern is whether my payment is secure from the buyer, considering these arrangements. I am preparing an agreement that covers all aspects with specified terms and conditions.
From India, Nagar
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Some of my clients prefer to pay a 20% advance against the LR copy, while others wish to pay nothing upfront. The remaining amount (either 80% or 100%) they plan to pay via RTGS upon goods delivery. Additionally, they are offering post-dated checks or a blank cheque for security, which they will retrieve upon paying via RTGS after delivery.
My main concern is whether my payment is secure from the buyer, considering these arrangements. I am preparing an agreement that covers all aspects with specified terms and conditions.
From India, Nagar
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You can negotiate the bills through your banker. On making payment the bank will release documents for collection of item. Once both develop mutual confidence and trust, payment terms can be settled.
From India, Pune
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3251From India, Pune
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MW-Jan-June'18- Security.pdf