Payment Terms

Last updated: December 2025

1. General Overview

This Payment Terms Policy applies to all transactions made with Fortex Composite Materials through https://fortexfrp.com. We prioritize transparent and reliable payment procedures to support smooth international trade with global distributors, OEM partners and project-based clients.

2. Accepted Payment Methods

To support buyers across different regions, Fortex accepts the following secure payment options:

• Telegraphic Transfer (T/T) – 30% deposit before production, 70% balance before shipment.
• Letter of Credit (L/C) – Irrevocable L/C at sight (subject to approval).
• PayPal / Western Union – Available for small sample orders or urgent transactions.
• Alibaba Trade Assurance – For verified buyers requiring additional protection.

All payments are processed in USD, unless otherwise agreed in writing.

3. Deposit & Balance

• Production begins once the deposit is received.
• The final balance must be settled before shipment or container release.
• Flexible terms may be offered for long-term and high-volume clients.

Delayed or incomplete payments may affect production timelines and shipping schedules.

4. Invoicing & Documentation

After confirming the deposit, Fortex will provide:

• A Proforma Invoice (PI) with product specifications and payment terms
• Commercial Invoice and Packing List before shipment
• Additional export documents, such as: – Bill of Lading (B/L) – Certificate of Origin – Inspection Report (SGS/BV/TÜV, if required)

All documents comply with international export and customs regulations.

5. Late Payment & Non-Payment

If the buyer fails to complete payment on time:

• Orders may be held or canceled.
• Deposits are non-refundable once production begins.
• Storage, demurrage or interest charges may apply.
• Fortex reserves the right to retain or resell goods if full payment is not completed.

6. Security & Fraud Prevention

Fortex only uses verified corporate bank accounts. Before sending funds, please confirm account details via our official email (fortexfrp@gmail.com). We do not request payment through personal accounts or third-party agents.

We encourage buyers to perform due diligence to avoid fraudulent activities.

7. Dispute Resolution

Payment-related disputes will be handled in accordance with:

• The contract terms agreed between Fortex and the buyer
• Applicable laws of the People’s Republic of China
• Jurisdiction: Shenzhen, Guangdong Province

Our goal is to resolve issues through clear communication and mutual understanding.

8. Contact Information

For questions regarding payment arrangements:

📧 fortexfrp@gmail.com

🕓 Monday–Friday, 9:00–18:00 (GMT+8)