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

Before ordering aluminum outdoor furniture, make sure the contract states the invoice currency, chosen payment method, and how bank charges will be divided. The available payment options are TT, LC, and PayPal, but the supplied terms do not name a currency or say who pays transfer fees. Both points should be confirmed with the supplier in writing.

Set Clear Payment Terms Before Ordering

Keep the product price separate from the total amount to be paid. Specify the currency for furniture, shipping, and any other agreed charges. If either party will convert funds, record the agreed exchange-rate basis. The listed information does not set an exchange rate, payment schedule, or fee amounts, so these should not be assumed.

Also identify who covers each potential bank charge: the buyer's sending bank, intermediary banks, and the supplier's receiving bank. State whether the supplier must receive the full invoiced amount. If deductions leave a balance unpaid, agree how the difference will be settled and reconciled.

Match Payments to the Order Details

For the Como aluminum outdoor dining set, the stated minimum order quantity is 5–10 sets. Samples require 7–10 days, while formal orders take 30–45 days. Confirm payment milestones and production-start conditions alongside the order schedule, since the supplied information does not connect a particular payment method with specific dates.

Record the selected size, color, table configuration, quantity, and delivery timing in the contract. The table can be arranged for 6, 10, or 12 people. Standard carton packing and a stated capacity of 150 kg per seat are also listed. These details help ensure that each payment can be matched to the correct order.

Available shipping methods include sea, air, express, rail, multimodal transport, FCL, LCL, and door-to-door delivery. Confirm the chosen route, shipping costs, and whether those costs will be billed in the same currency as the furniture.

What the Supplied Information Covers

Company and Project Context

The company lists 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 define payment currency or bank-fee responsibilities.

Reported projects include over 500 sun loungers for a resort poolside in the United States, as well as outdoor furniture for hotel leisure areas in New Zealand and Spain. The project examples offer purchasing context but do not disclose the currencies or transfer-fee arrangements used.

Frequently Asked Questions

What currency should appear on the contract?

The supplied product details do not specify a currency. Agree on one with the supplier and use it consistently on the quotation, invoice, and contract.

Who is responsible for bank transfer charges?

The listed terms do not allocate these costs. Write down who pays sending-bank, intermediary-bank, and receiving-bank fees, and clarify whether the supplier must receive the invoice total in full.

Do payment methods determine production timing?

The information lists TT, LC, and PayPal, and separately gives sample and formal-order lead times. It does not specify how payment choice affects production. Confirm payment dates and the conditions for starting production directly with the supplier.

Final Checklist

Before signing, agree on the invoice currency, payment method, fee allocation, payment milestones, and any exchange-rate terms. Make sure these match the Como set configuration, order quantity, shipping selection, and delivery schedule. Foshan Kingwell Industry Co., Ltd. lists manufacturing, OEM and ODM services, and custom project solutions, with TT, LC, and PayPal among its payment options. For technical or order support, contact info@kingwellgrou.com.

About the Company

Foshan Kingwell Industry Co., Ltd. manufactures 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.