Payment Conditions for Prefab houses, Gazebos and Hardwood Doors

A. For orders less than USD 2,000: 100% payment in advance.

B. For orders between USD 2,000 and USD 15,000:

1^st installment: Down payment 50%

2^nd installment: 20% midway

3^rd installment: 30% prior to shipment

C. For orders over USD 15,000

Payment system for C is in accordance with progress made.

We provide two options:

Option C-1

D/P 30%

1^st installment: 30%, against a pre-assembly progress of 40% (milestone 1) (1)

2^nd installment: 30%, against a pre-assembly progress of 80% (milestone 2) (2)

3^rd installment: 10% prior to shipment

(1): The payment for this installment will be adjusted against the conversion rate between USD. and Indonesian Rupiah (up or down) at the moment that the invoice is issued. If raw materials have increased in price since the start of the project, adjustments will be made to the invoice over the costs for the remaining materials needed to complete milestone 2. 

(2): The payment for this installment will be adjusted against the conversion rate between USD. and Indonesian Rupiah (up or down) at the moment that the invoice is issued. If raw materials have increased in price since the start of the project, adjustments will be made to the invoice over the costs for the remaining materials needed to complete the project.

Option C-2

D/P 60%

1^st installment: 20%, against a pre-assembly progress of 40%

2^nd installment: 10%, against a pre-assembly progress of 80%

3^rd installment: 10% prior to shipment

Invoices and terms

   Pro Forma invoices will be sent by e-mail.

The invoices will be subject to an additional 1.5% to cover bank charges and bank costs.

Payments for installments need to be received not later than 7 calendar days after client has received the Pro Forma invoice. P.T. BALI WORLD TRADING CO. reserves the right to halt or suspend the works if payments are delayed, until the funds have been credited to our account.

P.T. BALI WORLD TRADING CO. reserves the right to increase the prices with the costs for unexpected charges and/or fees imposed by the Government of Indonesia related to new or revised export regulations for the goods.     

The goods will be released for shipment as soon as the full payment for the final installment inclusive of any outstanding payment(s) has been received.   

Progress payments, how does it work.

Each project with a value over USD.15,000 will be fabricated following a pre-determined time and material schedule, shaped in a graphic called an S-curve. At 3 pre-determined intervals on this S-curve a cut-off date will be set, followed by a milestone (such milestone normally falls a few days after the cut off date). When a milestone is reached a payment installment needs to be made. Proof and evidence of a milestone will be furnished by pictures.