FOR IMPORTERS

Open Account Terms

At URIPS, we understand the importance of flexibility and trust in international trade. Our Open Account terms offer a convenient and efficient way for our clients to manage their commodity purchases. Here’s what you can expect when you choose URIPS under Open Account terms:

What is an Open Account?

An Open Account is a trade arrangement where the seller ships the goods and the buyer pays at a later date, usually within 30 to 90 days. This method is based on trust and is commonly used between long-term business partners. It provides buyers with the flexibility to receive goods and sell them before making the payment.

Key Features of Our Open Account Service

How It Works

  1. Order Confirmation:
    • Place your order with URIPS and specify Open Account terms.
    • Receive a detailed quotation and proforma invoice.
  2. Shipment:
    • URIPS prepares and ships the goods according to the agreed schedule.
    • Necessary documentation, including export licenses and certificates, is compiled and provided.
  3. Receipt and Sale:
    • The buyer receives the goods and can sell them before the payment is due.
    • URIPS provides updates and support throughout the shipment process.
  4. Payment:
    • The buyer makes the payment within the agreed period (30 to 90 days).
    • Secure payment options are available to ensure the safety of your transaction.

Why Choose URIPS?

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