Managing Currency and Bank Transfer Fees in Aluminum Furniture Contracts

Before ordering aluminum outdoor furniture, agree with the supplier on the currency shown on the invoice, the payment method, and responsibility for bank charges. The available payment options are TT, LC, and PayPal, but the stated terms do not identify a currency or explain how transfer fees are divided. Put these details in writing before confirming the order.

Contract Terms to Set Before Payment

Separate the quoted price from the amount that must arrive in the supplier’s account. Specify the currency for the furniture, shipping, and any other agreed costs. If either party will convert funds, document the exchange-rate basis and how the converted amount will be calculated.

Also identify who covers fees charged by the sending bank, intermediary banks, and the receiving bank. State whether the supplier must receive the full invoice amount. If a transfer arrives short because of deductions, explain how the balance will be paid and reconciled.

Apply the Terms to the Como Dining Set

The Como aluminum outdoor dining set has a stated MOQ of 5–10 sets. Sample production takes 7–10 days, while formal orders take 30–45 days. Confirm the order quantity, production and delivery dates, payment milestones, and fee arrangements together so each payment can be matched to the relevant order stage.

The set can be customized by size and color, and the table can be configured for 6, 10, or 12 people. Record the selected design and quantity in the contract. The product information also lists standard carton packing and a load capacity of 150 kg per seat.

Payment and Order Details to Verify

Company Credentials and Project Context

The company profile cites BS 5852 for outdoor furniture in the European region, EN 581 for outdoor tables in European countries, and CE for outdoor dining sets. These listed credentials do not define payment currency, exchange rates, or responsibility for banking charges.

Reported projects include more than 500 sun loungers for a resort poolside project in the United States, as well as outdoor furniture for hotel leisure areas in New Zealand and Spain. The available examples offer project context but do not state the currencies or bank-fee terms used for those purchases.

Frequently Asked Questions

What currency should appear in the contract?

No currency is specified in the product or company information. Agree on the invoice currency with the supplier and use it consistently in the quotation, invoice, and contract.

Who is responsible for transfer charges?

The listed payment options do not say who pays bank fees. Name the party responsible for charges from the sending bank, intermediary banks, and receiving bank.

Could the payment method change the production schedule?

The information lists TT, LC, and PayPal and gives sample and formal-order lead times, but it does not connect a specific payment method to a production schedule. Confirm when payments are due and what payment conditions must be met before production begins.

Recommendations Before Signing

Document the invoice currency, payment method, fee allocation, payment milestones, and any agreed exchange-rate rules before signing. Make sure these terms correspond to the Como set’s final configuration, order quantity, and delivery schedule. Foshan Kingwell Industry Co., Ltd. lists manufacturing, OEM and ODM, and custom project solutions, with TT, LC, and PayPal among its payment options. For order or technical support, contact info@kingwellgrou.com.

About the Company

Foshan Kingwell Industry Co., Ltd. produces outdoor furniture for commercial projects and offers custom design, sourcing, and customer support. Established in 2015, the company reports operating a 26,800-square-metre factory and exporting 90% of its products. Its listed credentials include BS 5852 and FSC, and its project experience includes hospitality and residential settings.