PAYMENT TERMS

At Meenysa Neil International Export Private Limited, we follow transparent, secure, and internationally accepted payment practices to protect the interests of both buyers and sellers. Our payment terms differ based on the export route and buyer location, as outlined below.

1. Payment Terms – India to Direct International Buyers

(Applicable for buyers outside Europe, including USA, Middle East, Asia, Africa, Australia & other non-EU countries)

Accepted Incoterms

• FOB (Free On Board) – Indian Port

• CIF (Cost, Insurance & Freight)

• CFR (Cost & Freight)

(Incoterms to be finalized at the time of order confirmation)

Accepted Payment Methods

• Advance Telegraphic Transfer (T/T)

• Irrevocable Letter of Credit (LC) at Sight

• LC with Deferred Payment (subject to approval)

• Advance + Balance against Documents At Sight

Standard Payment Structure

• 30%–50% Advance Payment upon Proforma Invoice confirmation

• Balance Payment before shipment OR against copy of shipping documents (as agreed)

Documentation Requirement

Before processing the order, buyers must provide:

• Confirmed Proforma Invoice (PI)

• No Objection Certificate (NOC) on buyer’s letterhead with seal & signature

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• Complete buyer details and Indian agent / clearing agent details (if applicable)

Orders may be kept on hold if required documents or payments are delayed.

2. Payment Terms – India to European / Estonian Buyers via Estonian Company

(Exports routed through our Estonian company for EU buyers)

For European buyers, shipments from India are invoiced through our Estonian / EU-registered company, ensuring compliance with EU trade, banking, and tax norms.

Invoicing & Contracting

• Sales Contract & Invoice issued by Estonian Company

• Goods sourced from India and shipped directly to Europe

• Trade flow structured for EU compliance & transparency

Accepted Payment Methods

• Bank Transfer (SEPA / SWIFT) to Estonian Bank Account

• Invoice Factoring / Trade Finance (subject to bank approval)

• Advance Payment or Credit Period (as per agreement)

  • Indemnity KYC Verification
  • MASTER GAURANTEE
  • BANK COMFORT LETTER

Standard Payment Structure

• Advance Payment or

• Credit Period (15–60 days) subject to:

  • Buyer credibility

  • Bank / factoring institution approval

  • Signed trade & finance documents

Compliance & Controls

• EU-compliant invoicing & documentation

• AML, KYC & trade compliance checks

• Buyer identity and transaction verification

All payments must be received in the invoiced currency before release of documents or delivery, unless otherwise contractually agreed.

General Notes

• Prices are exclusive of destination country duties, taxes, and local charges unless specified

• Banking charges at buyer’s end are borne by the buyer

• Any delay in payment may result in shipment hold or order cancellation

• Ownership of goods transfers as per agreed Incoterms

Need Custom Payment Terms?

For large projects, government buyers, or long-term partnerships, custom payment structures can be discussed.

📩 Email: sachin.sabharwal@meenysaneilinternational.com
📞 Contact:+919871419288/+919953905289