Definition of Payment Terms for Germany, Switzerland, Austria, Hungary and Czech Republic

It is our aim to continuously improve our products as well as our service to you. This includes the correct and timely preparation of invoices.

In order to avoid misunderstandings and resulting invoice corrections, we kindly ask you:

• to refrain from using INCO terms instead of payment terms in your Shipping
  Instructions
  
  
• to add specific information regarding payment terms in the remarks field of your Shipping Instructions and stipulate precisely, particularly for Terminal Handling Charge Destination (THD) and Destination Landfreight (DLF), whether the charges shall be prepaid or collect – this will help us to ensure correct invoicing.

If not mentioned differently by you we will make use of our definition of prepaid and collect as follows:


If your Shipping Instructions are reflecting Basic Freight Prepaid / Freight Prepaid

All charges are prepaid excluding Terminal Handling Destination and Destination Land
Freight related charges

Prepaid
Origin Land Freight
Terminal Handling Origin
Sea Freight

Collect
Terminal Handling Destination
Destination Landfreight


If your Shipping Instructions are reflecting Basic Freight Collect / Freight Collect

All charges are collect excluding Origin Landfreight and Terminal Handling Origin related charges

Prepaid
Origin Land Freight
Terminal Handling Origin

Collect
Sea Freight
Terminal Handling Destination
Destination Landfreight

Any changes from Prepaid to Collect can only be accepted until 2 working days prior to Vessel’s arrival in the Port of Discharge.

We appreciate your support in this matter, which will assist in providing a better service to you.