1. Overview

This Payment Policy outlines the accepted payment methods, payment terms, and related procedures for purchases made from KAVDO.

All payments must comply with the terms specified in the official Proforma Invoice (PI) or Sales Contract.

In case of discrepancy between this page and a signed Sales Contract, the signed contract shall prevail.

2. Accepted Payment Methods

KAVDO accepts the following international payment methods:

  • Bank Transfer (T/T – Telegraphic Transfer)
  • Letter of Credit (L/C)
  • Other internationally recognized payment methods as agreed in writing

Cash payments are not accepted for international transactions.

All payments must be made to the official company bank account listed on the Proforma Invoice.

3. Standard Payment Terms

Unless otherwise agreed in writing, standard payment terms are:

  • Deposit payment before production
  • Remaining balance before shipment

The typical structure is:

  • 30% deposit upon order confirmation
  • 70% balance before delivery

Payment terms may vary depending on:

  • Machine type
  • Order value
  • Customization level
  • Long-term cooperation agreement

All specific terms will be stated clearly in the Proforma Invoice.

4. Currency

Payments are typically accepted in:

  • USD (United States Dollar)
  • EUR (Euro)
  • Other currencies if mutually agreed

The applicable currency will be stated in the quotation and Proforma Invoice.

Any exchange rate differences caused by bank transfer delays are the responsibility of the Buyer.

5. Payment Process

Step 1 – Quotation Confirmation
Buyer confirms technical specifications and pricing.

Step 2 – Proforma Invoice Issued
KAVDO issues an official PI including bank details.

Step 3 – Deposit Payment
Buyer transfers the agreed deposit amount.

Step 4 – Production Begins
Production is scheduled after deposit confirmation.

Step 5 – Balance Payment
Remaining balance is paid before shipment according to agreed terms.

Step 6 – Shipment
Shipment is arranged after full payment is received (unless L/C or other agreed method applies).

6. Bank Charges

All bank transfer fees must be covered by the Buyer.

The full invoice amount must be received in KAVDO’s bank account.

If intermediary bank deductions occur, the Buyer is responsible for the shortfall.

7. Letter of Credit (L/C)

When payment is made via Letter of Credit:

  • L/C must be irrevocable
  • Terms must match the Sales Contract
  • All banking fees outside China are borne by the Buyer
  • L/C conditions must not include unreasonable clauses

Production may begin after L/C confirmation depending on agreement.

8. Late Payment

If the balance payment is delayed:

  • Shipment may be postponed
  • Storage costs may apply if machine is ready but unpaid
  • KAVDO reserves the right to suspend order processing

9. Order Cancellation and Refund

Payment-related cancellations are governed by the Refund & Cancellation Policy.

Deposits may be non-refundable once production has started, especially for customized equipment.

10. Payment Security

KAVDO will never request payment to personal accounts.

Customers should verify bank details directly with KAVDO via official email or phone before making payment.

We are not responsible for losses caused by fraudulent payment instructions from unauthorized sources.

11. Contact Information

For payment inquiries, please contact:

KAVDO
Email: info@kavdo.com
WhatsApp: +8618114705146
Address: Shiqiu Industrial Park, Lishui, Nanjing, Jiangsu, China