Common use of Payment Discounts Clause in Contracts

Payment Discounts. I/We provide below the discount that I/we will allow on the offered price(s) if payment for each consignment is made in full within: (a) 7 calendar days from date of receipt of invoice or from date of acceptance of goods, whichever is the later : % discount. (b) 8 to 14 calendar days from date of receipt of invoice or from date of acceptance of goods, whichever is the later : _ % discount. Acceptance of Goods shall be construed within the meaning of Clause 4.2 of Part III (Terms and Conditions). N.B.: Sellers are requested to insert the word ‘NIL’ in the spaces provided above if no payment discount is offered.

Payment Discounts. I/We provide below the discount that I/we will allow on the offered Standing Quotation price(s) if payment for each consignment is made in full within: (a) 7 calendar days from date of receipt of invoice or from date of acceptance of goods, whichever is the later : % discount. (b) 8 to 14 calendar days from date of receipt of invoice or from date of acceptance of goods, whichever is the later : _ % discount. Acceptance of Goods shall be construed within the meaning of Clause 4.2 4 of Part III (Terms and Conditions)the Conditions of Contract. N.B.: Sellers are requested to insert the word ‘NIL’ in the spaces provided above if no payment discount is offered.