For Core Trading Enterprise, a clear payment policy is essential to manage the high transaction values and logistical costs associated with container sales.
This policy aligns with the Electronic Communications and Transactions (ECT) Act and standard South African commercial practices, ensuring your cash flow is protected while remaining fair to the customer.
Payment Policy
1. Quotations and Pricing
All quotes issued by Core Trading Enterprise are valid for 7 calendar days due to the fluctuating nature of container stock and steel prices.
Prices quoted include the unit cost and any specified modifications. Transport costs are listed as a separate line item.
All prices are subject to VAT at 15% unless otherwise stated for export purposes.
2. Proforma Invoices
Upon acceptance of a quote, a Proforma Invoice will be issued.
The Proforma Invoice serves as a good-faith agreement and provides the necessary details for the customer to arrange financing or internal procurement.
Note: Stock is not reserved until a deposit or full payment (as per the agreement) is confirmed.
3. Payment Terms
To ensure timely logistics and delivery scheduling, the following terms apply:
Full Payment Upfront: For standard container sales, 100% payment of the total invoice amount is required before the unit is dispatched from the depot.
Official Tax Invoice: A final Tax Invoice will be issued once payment has been processed and the goods are ready for dispatch.
4. Accepted Payment Methods
We accept payments via:
Electronic Funds Transfer (EFT): Our preferred method. Please use your Proforma Invoice Number as the payment reference.
Direct Bank Deposit: Cash deposits made at a branch may incur an additional cash handling fee as charged by the bank.
Note: We do not accept physical cash on-site at our depots or via delivery drivers for security reasons.
5. Payment Verification
Delivery will only be scheduled once the funds have cleared in our bank account.
Proof of Payment (POP) may be sent to our finance department to expedite the scheduling process, but final dispatch remains subject to fund clearance.
6. Late Payments & Standing Time
If a delivery is scheduled and payment has not cleared, Core Trading Enterprise reserves the right to postpone the delivery.
Should a driver arrive at a site and be forced to wait due to payment disputes or delays not caused by Core Trading Enterprise, standing time charges will apply at a rate of R[Insert Amount] per hour.
7. Security and Anti-Fraud
Please verify any changes to banking details via a phone call to our official office number. Core Trading Enterprise will never change banking details via an unverified email.
In compliance with the Financial Intelligence Centre Act (FICA), large transactions may require additional identity verification of the purchaser.