Common use of Rail Dispatches - Billing and Payment Clause in Contracts

Rail Dispatches - Billing and Payment. 12.2.1 All despatches through rail shall be against advance payment only. In case any customer intends to avail credit facility, such customer shall deposit one rake (4000 tonnes) coal value together with taxes and duties and other charges as applicable. In such case, payment shall be made within three working days from the date of moving of xxxxx from SCCL’s Delivery Point. Mode of payment shall be through RTGS / Demand Draft / Online transfer. In the event of delay, the seller shall be entitled to charge interest as per the Interest Rate. 12.2.2 The Seller shall regularly raise bills on rake to rake basis for coal supplied at the applicable price on the date of delivery which includes Notified price ((or the latest Indexed Notified Price, as the case may be), Winning Premium, Sizing charges, Forest land adjustment cost, forest permit fee, Engine shunting charges, Royalty, Fuel Surcharge, Surface Transport Charges, facility charges for third party sampling, statutory duties, levies and other charges notified by the Seller/State Govt./Central Govt. from time to time.

Rail Dispatches - Billing and Payment. 12.2.1 All despatches through rail shall be against advance payment only. In case any customer intends to avail credit facility, such customer shall deposit one rake (4000 tonnes) coal value together with taxes and duties and other charges as applicable. In such case, payment shall be made within three working days from the date of moving of xxxxx from SCCL’s Delivery Point. Mode of payment shall be through RTGS / Demand Draft / Online transfer. In the event of delay, the seller shall be entitled to charge interest as per the Interest Rate. 12.2.2 The Seller shall regularly raise bills on rake to rake basis for coal supplied at the applicable price on the date of delivery which includes Notified price ((or the latest Indexed Notified Price, as the case may be), Winning Premium, Sizing charges, Forest land adjustment cost, forest permit fee, Engine shunting charges, Royalty, Fuel Surcharge, Surface Transport Charges, facility charges for third party sampling, statutory duties, levies and other charges notified by the Seller/State Govt./Central Govt. from time to time.