PAYMENT
GUARANTEE POLICY
US-Russia Marketing Group
(URMG) shall provide to our Clients the following two (2) options as
related to Terms of Payments with the Russian Distributors or URMG
payments guarantee:
Option
# 1. URMG would assist in negotiating most
advantageous Terms of Payment between the Customer and a Russian
Distributor, but the final decision on Terms and full responsibility is
strictly between the Customer and Distributor.
Example: The standard Russian terms of payment are 25% pre-payment due
upon confirming the Purchase Order, 25% due upon confirmation that the
goods have been manufactured and are ready to be shipped, and the
balance 50% would be due in 60 or 90 days after date of shipment -
depending on the method of shipment (air or sea).
Option # 2. URMG
shall forward the total cost (100%) of Invoice due to our Client prior
to shipment of goods. Those payments could come from different banks
with a various locations, but all of them will be facilitated by the
URMG.
This service is optional and is to be provided for a fee of 5% from the
total cost of Invoice, excluding cost of freight. This charge would be
in addition to the rate of sales commissions due to URMG.
Example: Considering
standard Russian Terms of Payment, and regardless of any payments
received from Russian Buyer, the URMG would transfer via check or money
wire the total cost of Invoice directly to our Client’s bank
account in USA Dollars.
|