What are the payment terms?

All new customers start off with a prepayment condition for their first order.  Our policy is that you are required to order minimum 3 times per year in order to keep the 30 days payment term.

West Europe & Scandinavia:

After the first order a distributor is entitled to receive 30 days nett

After a second order a manufacturer is entitled to receive 30 days nett.

You can only receive 30 days net, from the date of invoice when a declaration of intend has been signed off.

Any first order at 30 days net will be with at a maxium credit limit of 2500 euros.  You can then slowly move to a credit limit of 5000 euros.

Any customer requiring a higher credit limit needs to sign off our terms & conditions.  If you are not able to order 3 times a year the 30 days payment term can be withdrawn.

All other countries:

If you manage to order 3 times a year, you can be invited to start up the procedure to move your company to 30 days payment terms.  You will then be invited to sign the declaration of intent.

You can only receive 30 days net, from the date of invoice when a declaration of intent has been signed off.

Any first order at 30 days net will be with at a maxium credit limit of 2500 euros.

Exceptions:

Even if you are a well established customer that has received since long 30 days net, we can require to still perform a prepayment when the parts are too special.

The moment your company pays too late, you will loose your 30 days payment term.  We are very strict on this!

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