Sapesco Payment Terms & Condition
1.Payment should be by: L/C Check Cash
2.Maturity Date :
90 days from Bill of lading / Air way bill date from date of receiving goods and against presenting the following documents :
- Beneficiaries signed commercial invoice in one original and one copy. the original to be attested from the local chamber of commerce.
- Certificate of origin in one original and one copy, issued by the manufacturers or exporter. the original to be attested from the local chamber of commerce.
- Packing list in one original and one copy attested non attested
- Weight list in one original and one copy at tested non attested
- Original certificate of warranty made out to Sahara Petroleum Services - Sapesco SAE. valid for ……….. from the delivery date issued signed and stamped by The manufacturer Exporter Dealer
- Original third party Inspection certificate.
- Original commissioning test certificate issued, signed and stamped by the manufacturer stating that the commissioning test has been conducted and the performance is accepted.
- Original acceptance certificate issued singed and stamped by Sapesco stating that the commissioning test has been conducted by the manufacturer and the performance is satisfactory.
- Full set of three original clean on board bill of lading plus three copies not negotiable and marked notify buyers (Sahara Petroleum Services Company – Sapesco S.A.E ( 5 Road 256 New Maadi – Cairo Egypt) and freight pre-paid . OR
- Original Air way bill marked freight pre-paid .
- Marine Insurance policy in favor of Sahara Petroleum Services Company (Sapesco) S.A.E. covering all risks from warehouse to warehouse to be valid for 60 days from the date of discharging goods in port of destination, claims if any are payable in Egypt to Sahara Petroleum Services (Sapesco) S.A.E. A/C. No. 12-58-35014-7 in the L/C currency. OR
- Insurance certificate in favor of Sahara Petroleum Services Company (Sapesco) S.A.E. covering all risks from warehouse to Cairo Airport Egypt, claims if any are payable in Egypt to Sahara Petroleum Services (Sapesco) S.A.E. A/C. No.001-034370-110 in the L/C currency.
- Original collecting note issued by the forwarder
signed and stamped by them indicating that shipment was delivered to them Ex works………………. accompanied by the a.m. documents.
3.Any advance payment should be against down payment latter of guaranty to be presented by the suppliers.
4.A delay penalty by 1% for every week or part with a maximum up to 10% of the total order value will be applied in cass of any delay in supplying the goods without prier written approval from Sapesco representative.