SDHH agrees to pay the price of the Lubricant Products on the due date specified in the invoice issued by PTT by transfer and remit such payment to the bank account directed by PTT. [NOTE: Please consider the method of payment whether PTT prefer cash or Letter of Credit or Bill of Lading. This Clause will then be revised to reflect our normal practice.] Any late payment of the price of the Lubricant Products shall be subject to the interest at the rate of [ ]% per annum, calculating from the due date until the date of payment of such outstanding price.