Payment Terms

The procedures of purchasing Bitumen, Paraffin Wax and other Petroleum Products from Infinity Export is as below

Payment Terms:

  1. Negotiation on Price, Quantity, Port of Discharge and other client requests.
  2. Receiving LOI from customer
  3. Issuing PI from Infinity Export Commercial Department
  4. Confirming PI by the sign and stamp of customer
  5. Sign and Stamp contract between 2 parts
  6. Payment Terms based on the price is negotiable:
    • Full advanced Payment (Cheapest Price)
    • T/T (30% as advanced payment, 70% as balance payment by the copy of customs clearance documents or BL draft)
    • Letter of Credit accepting in our Dubai or Oman account (100% at sight , none transferable – irrevocable and confirmed L/C)
    • Or the other methods based on the contract
  7. Loading Cargo from Jebel Ali Port
  8. Issuing Original Documents by Infinity Export as below:
    • Commercial Invoice
    • Packing List
    • Container List
    • Phytosanitary Certificate
    • Certificate of Origin
    • Original Bill of Lading
  9. After settlement, the original documents will be couriered to the customer, or based on the L/C, all the documents will submit to the Bank.