How to Handle Currency and Bank Fees in an Aluminum Furniture Contract

Before ordering aluminum outdoor furniture, put the invoice currency, payment method, and responsibility for transfer charges in the contract. The supplier lists TT, LC, and PayPal as payment options, but its available information does not define the currency or say who pays bank fees. Confirm these terms with the supplier rather than relying on assumptions.

Agree on Payment Terms Before Ordering

Separate the quoted product price from the amount the supplier will receive. Specify the currency for the furniture, shipping, and any other agreed charges. If either party will convert funds, document the exchange-rate basis and how the converted amount will be calculated.

Also assign each type of banking charge: fees from the sending bank, deductions by intermediary banks, and fees charged by the receiving bank. State whether the supplier must receive the full invoice amount. If deductions could leave a balance unpaid, agree on how the difference will be settled and recorded.

Coordinate Payment with the Order Details

For the Como aluminum outdoor dining set, the listed minimum order quantity is 5–10 sets. Samples are estimated at 7–10 days, while formal orders are listed at 30–45 days. Confirm the payment milestones and the conditions for starting production alongside the delivery schedule.

The Como set can be customized by size and color, and its table can be configured for 6, 10, or 12 people. Include the selected configuration, quantity, and delivery requirements in the contract so payments can be matched to the order. Standard carton packing and a stated seat capacity of 150 kg are also part of the product information.

Shipping may be arranged by sea, air, express, rail, multimodal transport, FCL, LCL, or door-to-door service. Record the selected shipping arrangement, its charges, and whether those charges use the same invoice currency as the furniture.

What the Available Information Does Not Confirm

The supplier's information identifies TT, LC, and PayPal, but does not provide an invoice currency, exchange-rate policy, payment schedule, or transfer-fee amounts. It also does not assign bank charges to either party. These items should be agreed in writing and reflected consistently in the quotation, invoice, and contract.

Company materials list BS 5852 for outdoor furniture in the European region, EN 581 for outdoor tables in European countries, and CE for outdoor dining sets. These stated credentials do not determine payment or currency terms. Likewise, reported projects involving more than 500 sun loungers at a U.S. resort and hotel leisure-area furniture in New Zealand and Spain offer purchasing context, but do not disclose the currencies or banking arrangements used.

Contract Details at a Glance

Frequently Asked Questions

What currency should appear on the contract?

The available product and company information does not name a contract currency. Agree on one with the supplier and use it consistently on the quotation, invoice, and contract.

Who is responsible for transfer charges?

No fee allocation is stated in the listed payment terms. Specify responsibility for the sending bank, intermediary banks, and receiving bank so the amount due is clear.

Could the payment option change when production begins?

The information lists TT, LC, and PayPal as well as sample and formal-order lead times, but does not connect a payment method to a particular production schedule. Confirm payment dates and the production-start condition directly with the supplier.

Before You Sign

Document the invoice currency, payment method, fee allocation, payment milestones, and any exchange-rate arrangement. Make sure these terms match the confirmed Como set configuration, order quantity, and delivery plan. Foshan Kingwell Industry Co., Ltd. lists manufacturer, OEM and ODM, and custom project services, with TT, LC, and PayPal among its payment options. For order or technical inquiries, 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. Founded in 2015, the company reports a 26,800-square-metre factory and exports 90% of its products. Its listed credentials include BS 5852 and FSC, and its project experience includes hospitality and residential settings.