Payment Policy

1Payment Terms

Payment terms for each order will be stated in the applicable quotation, pro forma invoice, order confirmation or commercial agreement.

Unless otherwise agreed in writing, Samway Global may require an advance deposit before sourcing, supplier engagement, sampling, tooling, manufacturing or procurement activities commence.

2Deposits

Deposits may be non-refundable where Samway Global has incurred or committed costs in connection with the customer’s order.

Such costs may include:

• supplier engagement
• sourcing
• product development
• sampling
• tooling
• manufacturing
• procurement
• inspection
• logistics
• other customer-specific expenses

The applicable quotation or commercial agreement will specify the required deposit.

3Balance Payments

Where a staged payment arrangement applies, the remaining balance shall become payable according to the agreed payment schedule.

For orders subject to pre-shipment inspection, final payment may be required following a satisfactory inspection result and before shipment, unless different terms have been agreed in writing.

4Payment Method

Payments must be made using the payment method specified by Samway Global.

Where payment is made by bank transfer, the customer is responsible for ensuring that the full invoiced amount reaches Samway Global.

5Bank Charges and Currency

Unless otherwise agreed, the customer is responsible for:

• bank charges
• intermediary bank charges
• transfer fees
• foreign-exchange costs

Prices may be quoted in Pounds Sterling (£) or another currency specified in the quotation.

6Late Payment

If payment is not received by the agreed due date, Samway Global may, to the extent permitted by the applicable agreement and law:

• suspend sourcing
• suspend production
• suspend shipment
• withhold documents
• suspend further services
• cancel the relevant order
• recover reasonable collection costs
• charge applicable contractual interest

7Payment Delays

Any delay in payment may result in corresponding delays to:

• production
• inspection
• loading
• shipment
• documentation
• delivery

Samway Global shall not be responsible for delays caused by the customer’s failure to make payment on time.

8Cancellation Following Non-Payment

Where an order is cancelled or terminated due to non-payment, the customer remains responsible for amounts already incurred or committed on its behalf, subject to the applicable commercial agreement and law.

9Refunds

Any refund will be considered in accordance with the applicable quotation, order confirmation and commercial agreement.

Where Samway Global has already incurred supplier, sourcing, development, inspection, manufacturing or other costs, those costs may be deducted where contractually and legally permitted.

10Commercial Agreement

Where a signed B2B Master Sourcing Agreement or other written commercial agreement contains specific payment terms, those terms shall prevail over this Payment Policy.

11Contact