TMW-Payment.docVIP

Introduction A significant element in a trade situation between a Buyer and a Seller is the payment for the goods. In this process, the Seller wants to be certain that the Buyer will pay the agreed amount on time once the goods have been despatched. At the same time, the Buyer wants to be sure that the Seller delivers the goods as agreed, at the right time and place and in the right quantity and quality. There are different options for handling the transfer of payment from the Buyer to the Seller. The contract between the parties will therefore stipulate in detail which method of payment has