Payment Terms | Concargo

Payment Terms

Remittance & Payment Terms

Equipment Availability Forecast

Please note that the equipment your company requires and is being quoted on will need to be booked prior to loading, and as this equipment may be otherwise engaged or deployed in other geographical locations, availability must be confirmed in writing by Concargo Operations.

General

1. Each service type has Terms & Conditions that are specific to that service.
2. For new inquiries, the credit application takes between 12 – 24 hours to get processed.
3. Account Holders: Credit terms are strictly 30 days from statement.
4. Non-Account Holders: Invoices are prepaid in advance / upfront.
5. Demurrage/Standing Time (if Applicable): To be paid in full prior to delivery of cargo.

Road Freight

National only

Account Holders: payment of RSA services is strictly 30 days from date of statement.

Over Border Africa only

BOTSWANA / LESOTHO / MALAWI / MOZAMBIQUE / NAMIBIA / SWAZILAND / ZAMBIA / ZIMBABWE

Account Holders: payment is strictly 30 days from date of statement.

ANGOLA / BURUNDI / DRC / KENYA / RWANDA / TANZANIA / UGANDA

Account Holders: 50% payment is required prior to loading and the balance payable on presentation of POD.

Abnormal Transport / Project & Contract Logistics

By prior arrangement.

Final invoice is issued, taking into account additional expenses incurred such as variable costs, standing time, route surveys, route clearance, route changes due to construction, crane hire, rigging crews, permit amendments (due to stoplan errors, etc), staging, accommodation and inclement weather etc, and is due immediately on presentation of invoice / statement.

Site/Location Pre-Inspection Charges

Please note that in the event we would be required to travel to a particular off-line location in South Africa (excluding Cape Town; Johannesburg; Pretoria and Durban) or to any frontier state or country in Southern Africa, we would need to be compensated for the following in advance: Airfares, Car hire, Accommodations & Daily subsistence allowance.

Equipment Availability Forecast (Abnormal Loads)

Please note that the equipment your company requires and which is being quoted on, will conditionally be available (forecast).

Route and engineering surveys will be quoted separately.

We reserve the right to withdraw our equipment and apply offset of demurrage and disbursements without prejudice should all of our terms and conditions of carriage and engagement not be complied with according to the agreed timescales and benchmarking.

Mobile Crane Services

1. Account Holders: payment of Mobile Crane services is:

a. The estimated minimum number of hours is due immediately on presentation of invoice / statement.

b. The balance is due 7 days from date of completion.

2. Account Holders: payment of Rigging services is:

a. The estimated minimum number of hours is due immediately on presentation of invoice / statement.

b. The balance is due 7 days from date of completion.

Warehousing & Distribution, Storage & Handling

Account Holders: payment of services is strictly 30 days from date of statement.

Rate of Exchange

All duties, surcharges and quoted rates and charges are based on the prevailing Rand to Dollar or Sterling or Euro (which ever may be applicable) rate of exchange (“ROE”) on the day quoted. Consequently, all our charges may be subject to change without prior warning or notice in the event of any extreme fluctuations in applicable foreign exchange rates. In the event of such change, we reserve the right to issue a further invoice claiming any increases that may be due to us by reason thereof which will also take into account any variations in final shipped volume, mass and quantity of the cargo applicable. For the avoidance of doubt, the ROE for Airfreight is determined by the monthly IATA US dollar exchange rate.

Errors & Omissions Excepted

E&OE is an initialism standing for errors and omissions excepted. The phrase is used in an attempt to reduce legal liability for incorrect or incomplete information supplied in a contractually related document such as a price list, quotation or specification. It is often applied as a disclaimer in situations in which the information to which it is applied is relatively fast moving. In legal terms, it seeks to make a statement that information cannot be relied upon, or may have changed by the time of use.