What are the payment terms and order process at Gelan Biotechnology?
Payment Terms: We typically adopt a common industry arrangement: a 50% deposit is paid after order confirmation, and the remaining 50% balance is settled before shipment after mass production is complete. We accept corporate payment methods such as wire transfer and letter of credit. Based on mutual trust and long-term cooperative relationships, we can engage in friendly negotiations regarding specific terms to seek more flexible arrangements.
The standard order process is as follows:
1. Requirement Alignment: Both parties conduct detailed discussions on product concepts, specifications, and market demands.
2. R&D and Prototyping: Formulation development and sample production proceed based on confirmed requirements. This process typically takes 7-10 business days.
3. Sample Confirmation: Samples are shipped for your testing, evaluation, and final approval.
4. Advance Payment: Upon sample confirmation, pay 50% of the total order value as a production deposit.
5. Mass Production: Upon deposit receipt, the factory procures raw materials and initiates bulk production.
6. Quality Inspection: Products undergo rigorous quality control upon completion.
7. Final Payment: Remaining 50% balance is paid after products pass inspection.
8. Shipping & Documentation: Goods are shipped with full transport documentation provided (e.g., packing list, invoice, certificate of conformity).
