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What are the payment terms ?


Presentation of Damart

Referencing process

Elements for initial quotations

Glossary

The payment terms are established by Damart according to the Supplier’s country (invoicing country) on the basis of the table below:
 
ZONE SUPPLIER’S COUNTRY PAYMENT METHOD PAYMENT TERM
ASIA BANGLADESH
BURMA		 Letter of credit
Letter of credit		 At sight
45 days after delivery
CHINA Document against acceptance 45 days after delivery
HONG-KONG Document against acceptance 45 days after delivery
INDIA Document against acceptance 45 days after delivery
INDONESIA Document against acceptance 45 days after delivery
MALAYSIA Document against acceptance 45 days after delivery
PAKISTAN Document against acceptance 45 days after delivery
SINGAPORE Document against acceptance 45 days after delivery
SRI LANKA Document against acceptance 45 days after delivery
THAILAND Document against acceptance 45 days after delivery
VIETNAM Document against acceptance 45 days after delivery
EUROMED MOROCCO Transfer Within 60 days from invoice date
TUNISIA Transfer Within 60 days from invoice date
TURKEY Transfer Within 60 days from invoice date
EUROPE GERMANY Transfer Within 60 days from invoice date
BELGIUM Transfer Within 60 days from invoice date
BULGARIA Transfer Within 60 days from invoice date
SPAIN Transfer Within 60 days from invoice date
ESTONIA Transfer Within 60 days from invoice date
FRANCE Transfer Within 60 days from invoice date
GREECE Transfer Within 60 days from invoice date
HOLLANDE Transfer Within 60 days from invoice date
IRELAND Transfer Within 60 days from invoice date
ITALY Transfer Within 60 days from invoice date
LITHUANIA Transfer Within 60 days from invoice date
POLAND Transfer Within 60 days from invoice date
PORTUGAL Transfer Within 60 days from invoice date
ROMANIA Transfer Within 60 days from invoice date
UNITED KINGDOM Transfer Within 60 days from invoice date
SWEDEN Transfer Within 60 days from invoice date
If your country is not in the list, please get in touch with your Damart contact person to obtain information on your payment terms.

 
DISCOUNT: only applies for transfer payments
Transfer payments are made within 60 days by default. However, Damart may apply a 3% discount to the payment if the amount is settled within 15 days of receipt of the goods.
Pre referencing bookElements for initial quotations

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