Can third-party payment from a disclosed affiliated company be confirmed before payment?
Yes. The commercial and banking arrangement should be confirmed in writing before funds are sent.
General
How do you handle third-party payment from a disclosed affiliated company?
This should be clarified before the PI or contract is finalized so banking execution and financial responsibility stay clear.
Can you accept third-party payment from a disclosed affiliated company?
It may be possible in some cases,.
Can split remittance from two related companies be confirmed before payment?
Yes. The commercial and banking arrangement should be confirmed in writing before funds are sent.
How do you handle split remittance from two related companies?
This should be clarified before the PI or contract is finalized so banking execution and financial responsibility stay clear.
Can you accept split remittance from two related companies?
It may be possible in some cases, but payer identity, compliance review, and document consistency must be confirmed in advance.
Can you refund deposit if we cancel?
Refund depends on contract stage, actual cost incurred, and cancellation clause.
What proof of payment do you need?
Bank slip helps tracking, but only credited funds count as payment received.
Do you charge interest for late payment?
Late-payment treatment should be stated in the contract, and subject to a monthly interest rate of 2%.
Can you accept standby LC?
Sometimes for structured business or long term projects, but not as a default term.