20% of the Contract value will be paid by the Buyer to the Seller by T/T within one week after signing of the Contract against down payment Invoice.
70% of the Contract value will be paid by the Buyer to the Seller by T/T no later than four (4) weeks prior to ex-works delivery against payment Invoice.
10% of Contract value to be paid by the Buyer to the Seller through Letter of Credit established no later than four (4) weeks prior to ex-works delivery payable at 120 days from Forwarder’s Certificate of Receipt (FCR) date.
The Seller warrants that the vehicle is free from defective material, faulty design and poor workmanship. The Seller’s liability pursuant to this warranty shall be limited only to the repair or replacement of defective parts of the vehicle. The Seller undertakes to replace or repair such parts free of charge during the warranty period. The Seller shall not be liable for normal wear, improper operation or abuse use, damage by accident, expenses borne by the Buyer for repairs or for any damages direct, incidental or indirect incurred by the Buyer.