Orders must be prepaid, unless customer is approved for credit.
All international orders must be prepaid.
Payments may be made by credit card (VISA, MasterCard) check,
money order, or wire transfer. Payment instructions are spelled
You may download the
attached acrobat file Making Payments to Precix Advanced Cutting
Technology to keep off line and to fax your credit card details.
on Letter of Credit basis are subject to a $400.00 L/C handling
fee and to our Letter of Credit terms. Letter of Credit payment
is available only for orders greater than US$5000.00. International
purchases on Cash Against Documents basis are subject to $100.00
handling fee and our Cash Against Document terms.
L/C and CAD terms are available for approved customers only.
Paying by Credit Card
Precix Advanced Cutting Technology accepts MasterCard, and VISA
for prepaid credit card orders. Your credit card will be charged
on the day of the shipment. Foreign credit cards for larger shipments
may be authorized a day before shipment. Please check with your
issuing bank to ensure you have sufficient funds available for
your purchase. Complete credit card information must be available
at the time you place the order. Your purchase will go through
in US dollars. If you are using a non US Dollar card, we will
calculate an exchange rate
Credit Card Information
• Type of card - VISA, or MC
• Card Number (16 digits for VISA, 16 digits for MasterCard)
• Expiration date - month and year
• Card holder's name - as it appears on the card
• Credit card billing address
Please specify if you wish PRECIX to keep your credit card information
on file for future use.
Check or Money Order
Please send your check or money order payable to Precix Advanced
Cutting Technology, Inc. in US Dollars. The check or money order
must be dated and signed. Send it to Precix Advanced Cutting Technology,
Inc., #2-19555 9th Ave., Surrey, BC, V4N 4C5, Canada.
Orders with payment
terms of prepayment will be scheduled for shipment upon the receipt
of payment on a first come first serve basis.
Payment by Wire Transfer
Make wire transfer payment in US Dollars for the full quote or
invoice amount. All bank charges, both your bank charges and foreign
charges, are to be paid by you. Please have your bank determine
any wire transfer fees and pay them separately. Please call for
Precix Advanced Cutting Technology at 604-513-0400 for wire transfer
*To avoid delays in
shipping, please ensure that you wire your payment sufficiently
in advance. International wire transfers may take 2-7 days to
arrive. Let us know when your wire transfer is on its way, so
that we can follow up with our bank. Orders with payment terms
of prepayment will be scheduled for shipment upon receipt of payment
on a first come first serve basis.
Letter of Credit Terms and Conditions
For payment by Letter of Credit, please have your bank issue an
Irrevocable Letter of Credit (L/C) according to the following
terms and conditions.
Note: We recommend
that you fax us a draft of your bank's L/C or your L/C application,
for us to review the L/C for acceptability before your bank finalizes
it. This may save everyone time and possible amendment costs.
• Beneficiary: Precix Advanced Cutting Technology, Inc.,
#2-19555 9th Ave., Surrey, BC, V4N 4C5, Canada.
• Total amount: as quoted to you in our official price quotation.
• Payable: in US Dollars 100% at Sight.
• Validity for shipment and negotiation: 90 days from receipt
of L/C at PRECIX.
• Partial shipments: allowed.
• Transshipment: allowed.
• Incoterm: If you specify an Incoterm in your L/C, it must
agree with the Incoterm stated in our official quotation.
• Shipment from port/airport: If you specify a ship from
port or airport in your L/C, it must be the USA or Canada port
or airport stated in our official quotation, which must be an
international point of export in the USA or Canada.
• Port/airport of destination: If you specify a port or
airport of destination, it must be the port or airport stated
in your official quotation, and it must be an international point
of import in your country.
• All banking charges inside and outside CANADA to be paid
• All Letter of Credit Amendment fees inside and outside
the CANADA to be paid by you.
• All duties, customs fees, taxes, inspection fees and other
cost to be paid by you.
• Advising and Confirming: Letter of Credit to be advised
and confirmed through a bank in CANADA and to be negotiable and
payable at a bank in the US or CANADA.
• Forwarder: Precix Advanced Cutting Technology reserves
the right to nominate the export forwarder. You may specify a
specific airline and your import agent at time of quotation.
Please follow these
instructions to ensure prompt processing of your order. If you
cannot meet any of these terms and conditions, notify us immediately
to see whether a change is possible.
Please ensure that
the Letter of Credit is received by us in sufficient time for
review and acceptance before our agreed upon shipment date. For
a sample of an acceptable Letter of Credit click here.
If you or your bank
have any questions, please contact your sales representative.
Thank you for your cooperation.
Cash Against Documents (CAD)
Terms and Conditions
Under CAD terms, you - the customer - appoint your bank as consignee
for the shipment and as paying agent. Customers and their appointed
bank have to be approved by Precix Advanced Cutting Technology
for CAD terms prior to shipment. CAD terms are not available to
When you place your
purchase order with PRECIX:
• In your purchase order, name the bank you will be using,
including the bank's full street address (not a P.O. Box), city
and postal code, telephone number, fax number and contact person
or department at the bank. The bank must be in the same country
that the shipment is going to, ideally at a location close to
the airport/port at which the shipment is arriving, so that we
avoid delays for transferring the freight papers from the bank
to you or your import agent.
When PRECIX ships your
order under CAD terms:
• We will ship through a freight forwarder appointed by
Precix Advanced Cutting Technology.
• The shipment will be insured through Precix Advanced Cutting
• The freight forwarder will consign the shipment to the
bank, meaning the Air Waybill or Ocean B/L is made out to the
• The freight papers (Waybill, Draft and Invoice) will be
sent by our forwarder separately from the freight by courier directly
to the bank for payment.
• As soon as the bank receives the freight papers, they
have to accept the Draft and effect payment. Payment of the full
invoice amount is due in US Dollars upon receipt of the freight
papers, by wire transfer to the bank stated on the Draft.
• Upon acceptance of the draft, the bank must release the
freight papers to you, so that you can pick up the shipment from
customs, or you can hand the papers to your import agent to clear
the shipment from customs for you.
Please be aware that:
• Because the freight and the freight papers are sent separately,
there will be a delay for you to receive the shipment from customs.
The freight papers go out by courier on the business day following
the day of shipment and take 2-3 business days to reach the bank.
• Your bank must be familiar with this process, and assure
you that they will promptly take care of processing the draft,
and release and send the papers to you, so that you (or your import
agent) can obtain the shipment from customs.
• Your bank must be fully informed by you about the upcoming
CAD and have funds available.
• Please make sure your staff who handles the CAD shipment
is familiar with this process.
If you, or your bank,
have any question about Cash Against Documents terms, please contact
your sales representative at the above phone or fax number.