1 Credit terms
This defines the length of time whereby customers can enjoy product and
services provided by the Company before payment falls due.
1.1 Credit terms per product
Credit terms can only be granted for after sales services.
Credit terms for vehicles can only be granted through exception handling.
Approved exceptions can be found in the Appendix.
1.1.1 Services
Maximum 30 days credit terms from invoice date can be granted for parts,
workshop and contracted services.
Direct debit is encouraged for contracted services, but not mandatory.
Credit terms for government account relates to services can only be granted
through exception handling. Approved exceptions can be found in the
Appendix.
1.1.2 Engines
Payment must be secured with full settlement in cash, Letter of Credit or bank
guarantee before delivery of the engine.
1.1.3 New vehicles
Payment must be secured prior to the delivery of the vehicle.