PAYMENT TERMS & CONDITIONS

Payment Terms & Conditions

All payments are made in VND, plus VAT at the rate applicable on the invoice date, by bank transfer within seven, fifteen, or thirty (7, 15, 30) days from the date of the invoice issued by T3H Industry Equipment Co. Transfers shall be made to the bank details indicated on the invoices.

Established accounts are invoiced Net 7, Net 15 or Net 30 days unless otherwise stated, according to your credit standing and limit. All others will be invoiced for payment prior to delivery.

For net terms accounts, invoices are due in full within the established terms of the order invoice date, and failure to submit payments accordingly shall bear interest from the due date at the rate of 1% per month, which is an annual rate of 12%, until paid in full and may result in a suspension of your credit with our company.

All orders must be placed in writing. Customized, non-standard products or special-order items require a 50% deposit payment with the exception of accounts in good standing with Net 7, 15, or 30 days payment terms.

Discount rates

T3H Industry Equipment Co. is also offering the below discount for early payment:

  • 2/7 net 30: 2% discount (deducted in next invoice) when paid within 7 days; later payment: full amount.
  • 1/15 net 30: 1.0% discount (deducted in next invoice) when paid within 15 days; later payment: full amount.

Contact us if you have any questions about this Payment Terms & Conditions, you can contact us: