Open Credit
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To apply for an Open Credit of 30 days, 60 days, and 90 days from the ordering day



The terms and conditions:

1) Customer is required to apply for a credit check from "The Hong Kong Export Credit Insurance Corporation" a public body owned by the Hong Kong SAR. (http://www.hkecic.com)

2) Customer will pay for a credit checking fee of US$ 60 by credit card via Paypal upfront. (may not need to file for each order)
- Guidelines.


3) If the credit is disapproved, the credit checking fee of US$ 60 can only be fully refunded under the following 4 conditions:
 

  •  The customer company has been established for more than 4 years,
  •  The customer company has no payment due more than 30 days,
  •  The customer company is not involved in any law suits, and
  •  The customer is willing to submit its company financial information to "The Hong Kong Export Credit Insurance Corporation"
    ( where customer's financial information is protected by the Hong Kong privacy act.)
     

4) Upon approval, based on the approved credit amount and payment terms days 30,60, or 90.
 

  • Customer will pay additional 1.5% of the invoice amount for the export insurance charge,
  • Customer will pay additional 1.5% of the invoice amount for the loan processor charge,
  • Customer will pay additional 0.0% of the invoice amount for the 1st 30 days,
  • Customer will pay additional 2.0% of the invoice amount for the 2nd 30 days,
  • Customer will pay additional 3.0% of the invoice amount for the 3rd 30 days,

    Note: Open credit of 30-90 days is counted from the ordering day but not the shipping out day.


5) The discount level is not more than 40%. (For discount level over 40%, we will first use the pricing with 40% discount. After we received the total amount in full 30-90 days letter, we will refund the difference (however, the bank charges are not refundable).
 

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Sales Contact:                                                                                                                                                                 (Text Mode)

Europe:                          sales-euro@everspring.net

USA:                               sales-us@everspring.net

Rest of the World          sales-row@everspring.net

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