PAYMENT AND REMITTANCE Sample Clauses
The Payment and Remittance clause defines the terms and procedures for how payments are to be made between parties under the agreement. It typically specifies the timing, method, and currency of payments, as well as any requirements for invoicing or documentation. For example, it may require payment within 30 days of receiving an invoice and outline acceptable payment methods such as bank transfer or check. This clause ensures both parties have a clear understanding of their financial obligations, reducing the risk of disputes or delays related to payment.
PAYMENT AND REMITTANCE.
1. Revenues of shipping companies of one Contracting Party derived from international maritime transport in the other Contracting Party may be settled in freely convertible or usable currencies, in accordance with the exchange regulations in force in the other Contracting Party.
2. The shipping companies of one Contracting Party shall have the right to use their income from the shipping services derived in the territory of the other Contracting Party towards shipping-related payments, in accordance with that other Contracting Party’s laws, rules and regulations. Alternatively, the income may be transferred abroad in freely convertible or usable currencies, in accordance with the exchange regulations in force in that other Contracting Party.
PAYMENT AND REMITTANCE. Customer will pay promptly when due, all charges which accrue because of this Agreement, including but not limited to rental, replacement or repair costs from damages to said item, and to the extent applicable Ancillary Services. All rental charges are based on the time item(s) is in Customer’s possession until Customer provides notice to Sizewise to pick up the equipment, whether the equipment is in use or not. Sizewise shall have the right, at its discretion, to send invoices to Customer in any manner including without limitation via (a) password protected files sent electronically, (b) fax, or (c) mail to the bill to address, and Customer shall promptly pay when due. All payments shall be made in U.S. currency. Payments made by check shall be made to Sizewise Rentals, L.L.C., P.O. Box 320, Ellis, KS 67637 and electronic or credit card payments shall be made in accordance with Sizewise’s instructions. Billing, invoice or credit questions should be directed to (▇▇▇) ▇▇▇-▇▇▇▇. Payment terms are net thirty (30) days from the date of invoice unless otherwise established through contract. If Customer fails to pay any amounts when due, Customer shall pay Sizewise interest thereon at a rate of one and one-half (1.5%) per month (or the highest rate permitted by law) together with all costs and expenses (including without limitation reasonable attorneys’ fees and court costs) incurred by Sizewise in collecting such overdue amounts or otherwise enforcing Sizewise’s rights.