SECURE & TRANSPARENT

Payment Policy.

Clear, documented payment terms that protect buyer and seller on every transaction, at home and abroad.

Home  /  Payment Policy

  1. General Terms

All monetary transactions are conducted with absolute integrity, transparency, and in strict compliance with central banking regulations and international trade laws. Payments must be executed according to the exact timelines and milestones specified in the issued Proforma Invoice, Sales Agreement, or Purchase Order.

  1. Accepted Payment Methods

To facilitate secure global commerce, we accept the following instruments:
•  Telegraphic Transfer / Wire Transfer (T/T)
•  Irrevocable Letters of Credit (L/C at sight / Deferred L/C)
•  Cash Against Documents (CAD) / Documents Against Payment (D/P)
•  Bank Cheques, Pay Orders, and Demand Drafts (Domestic only)

  1. Domestic Payment Terms (Pakistan)

•   Standard: 100% Advance Payment or Partial Advance with balance cleared prior to dispatch.
•  Cash on Delivery (COD): Available only for authorized low-volume parcel delivery.
•  Credit Facilities: Granted exclusively to pre-approved corporate clients following a thorough credit evaluation. Al-Naseer Traders reserves sole discretion over credit limits and terms.

  1. International Payment Terms

•  Advance T/T: 100% Advance Wire Transfer for initial orders or sample shipments.
•  Split T/T: 30% to 50% advance deposit, with the remaining balance due upon presentation of the Bill of Lading (B/L) copies.
•  Letter of Credit: Irrevocable L/C opened through a prime international bank. All L/C terms must match the Proforma Invoice explicitly to avoid document discrepancies.

  1. Currency & Exchange Rates

Payments are accepted in PKR, USD, EUR, GBP, or CNY as contractually designated. All foreign exchange conversions, fluctuating market rates, and corresponding intermediary banking charges are governed and absorbed according to the primary agreement.

  1. Taxes, Levies & Bank Charges

•  Taxation: All local Sales Taxes, GST, Value Added Taxes (VAT), Withholding Taxes, and statutory government levies are payable entirely by the buyer.
•  Banking Fees: The sender’s banking fees are borne exclusively by the buyer. Intermediary and receiving bank charges are allocated as per the selected trade agreement mechanism.

  1. Delinquent Payments

Failure to settle balances within agreed timelines will result in:

•  Immediate suspension of order processing and production lines.
•  Holding of shipments at the port of origin.
•  Accrual of late payment interest or administrative fees where contractually mandated.
•  Revocation of active credit facilities and suspension of future orders.

  1. Cancellations & Order Financials

Orders for standardized inventory may be cancelled only via mutual written consent. For customized, branded, or specially procured export items, advance deposits are completely non-refundable once production or sourcing has commenced. Approved refunds are routed through the original payment channel.

  1. Compliance & Anti-Money Laundering (AML)

Al-Naseer Traders enforces a zero-tolerance policy regarding financial crimes. All transactions must strictly comply with Anti-Money Laundering (AML), Counter-Terrorism Financing (CTF), and international trade sanction frameworks. We reserve the right to demand corporate verification documents and reject any suspicious or unverified transfers.