Payment Terms

Payment Terms & Information

Iron Industries strives to provide secure and transparent payment terms to our customers. We’ll structure your payment(s) to best fit your budget and accounting-needs. Below is a brief description of of our financials.

1) In some cases we pay in advance or on-the-spot before loading.

2) Other times we pay after loading or Cash Against Documents (CAD).

3) In some countries we will pay after the loaded containers have been returned to the port. In circumstances like this we will pay a deposit-against-shipment.

4) For large orders we pay on LC Terms. I will discuss this process in person or over the phone.

Letters of Credit

We open our Letters of Credit with JP Morgan Chase in New York. We don’t use foreign banks.

If you have any questions please call us at: 1+305-780-4942

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www.ScrapIron.com

Payment Terms Iron Industries

Payment Terms Iron Industries