Credit Terms

Credit Terms and Payment Conditions

Payment terms shall be strictly those agreed and approved at the order confirmation stage and/or as otherwise confirmed in writing by the Company.

In the event that no specific credit or payment terms have been expressly agreed for a particular order, the related invoice shall be due and payable within thirty (30) days from receipt of invoice.

All invoices must be settled in full by the applicable due date. Any overdue amounts may be subject to interest and/or compensation for recovery costs in accordance with the provisions relating to late payments in commercial transactions under Sub-Title 1A of the Commercial Code, Chapter 13 of the Laws of Malta.

The Company reserves the right, at its sole discretion, to suspend, withhold, or refuse further supplies, deliveries, services, or order processing where any amounts remain overdue, until all outstanding balances are settled in full.

The granting of credit facilities shall remain at the sole discretion of the Company and may be reviewed, amended, suspended, or withdrawn at any time, particularly in the event of late payment, exceeded credit limits, or any other circumstances which may affect the customer’s creditworthiness.