I have had a few quotes from a handful of Chinese manufacturers and am possibly going to initially buy 5 x 24hl fermenters, but still deciding on which company.
In regards to payment terms I have heard of people that did the below:
- 50% Upfront, 50% upon proof of shipping
- 1/3rd up front, then 1/3rd after mods and 1/3rd on shipment. $5000 held back until the ship docked.
But my ideal would be to have a contract that full payment is not paid until vessels are received without any remedial work being required and if there was any work required then this would be deducted from invoice at full cost as well as additional penalty costs for production delays incurred. Thanks for the suggestion ‘Dick Murton’.
I was just wondering has anyone who bought equipment from China had such a payment agreement or is it a fruitless task asking for one that is stacked in the purchasers favour??
In regards to payment terms I have heard of people that did the below:
- 50% Upfront, 50% upon proof of shipping
- 1/3rd up front, then 1/3rd after mods and 1/3rd on shipment. $5000 held back until the ship docked.
But my ideal would be to have a contract that full payment is not paid until vessels are received without any remedial work being required and if there was any work required then this would be deducted from invoice at full cost as well as additional penalty costs for production delays incurred. Thanks for the suggestion ‘Dick Murton’.
I was just wondering has anyone who bought equipment from China had such a payment agreement or is it a fruitless task asking for one that is stacked in the purchasers favour??
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