Payment
Terms
We
require payment in full for all equipment prior to taking
possession. If the equipment is not yet available then a holding
deposit of 20% is required in return for which we will remove
the equipment from sale until such time as the Sale Agreement
is executed and possession of the equipment passes to the buyer.
This deposit is refundable if the equipment does not match the
description as indicated in the Sale Agreement.
For
local customers payment can be made by direct bank deposit to
our account, cash or by cheque. We do not accept credit cards.
For
international buyers payment should be by Telegraphic Transfer
direct to our account. Title to the equipment you have purchased
will be exchanged once the funds have cleared in our bank account.
We do accept payment by Irrevocable Documentary Letter of Credit
(L/C) provided that our bank, National Australia Bank is willing
to accept the credit risk of the bank issuing the L/C. Please
note that to meet additional administration and banking fees a
surcharge of 5% of L/C value or USD2000 (which ever is less) will
be added to the agreed Selling Price of all equipment purchased
using an L/C.
