SUMMARY
High-volume clients (50,000+ units annually & 1,000+ pcs/colour regularly) → flexible payment methods available.
Lower-volume clients (<1,000 pcs/colour) → must pay by TT at least 7 days before BL submission.
For orders <3,000 pcs, if bank-to-bank document transfer is required → $250 documentation fee applies.
Policy on Payment Terms and Shipping Documents
Effective Date: 10th September 2025
At Olympia International Ltd., we strive to offer our customers flexibility in payment methods while maintaining efficient shipping documentation practices. This policy sets out the framework based on order size and purchasing patterns.
1. Clients with High Annual Volumes
Customers placing over 50,000 units annually and regularly ordering 1,000 pcs/colour or more will be eligible for flexible payment terms.
Olympia is open to discussing and implementing a variety of payment methods to suit the specific needs of these clients.
2. Clients with Lower Volumes
For customers ordering less than 1,000 pcs/colour, payment must be made via Telegraphic Transfer (TT).
TT payment should be received by Olympia a minimum of 7 days prior to Bill of Lading (BL) submission date.
3. Bank-to-Bank Document Transfer
For orders of less than 3,000 pcs, if the customer requires bank-to-bank document transfer, an additional USD $250 documentation charge will be applied to the invoice.
4. Rationale for the Policy
Flexible terms are extended to high-volume clients as part of our long-term partnership approach.
For smaller-volume customers, advance TT payments ensure smooth processing and reduce financial risk.
Documentation fees reflect the additional administrative and banking costs involved in managing small orders through bank-to-bank transfers.
5. Commitment to Our Customers
Olympia remains committed to offering fair, transparent, and flexible payment solutions tailored to order volumes.
Our policies are designed to protect both parties while ensuring smooth execution of all shipments.
For questions regarding payment terms or document handling procedures, please contact your Olympia International account manager.