Commercial Information (continued)
Customers in the U.S.A. and Canada
Payment Options—Acceptable payment methods are cash, company check, wire transfer or credit card (MasterCard, Visa or American Express). Diffuser Express encourages the use of credit card payment for purchases under $2000.00.
Credit—EDI will ship to municipalities, private accounts, established industrial accounts and governmental agencies on open account with approved credit.
Terms—EDI payment terms for approved accounts are 1% 10 day, Net 30 days from the date of invoice. Interest rate at 1-1/2% per month will be charged on all accounts unpaid 30 days after the invoice date.
International Customers
Payment Options—Typical international payment terms are prepayment via company check, wire transfer, or credit card (MasterCard, Visa or America Express). Payment via Letter of Credit is also acceptable and sometimes preferable for large quantity purchases.
Credit—International open accounts are available to pre-approved accounts and are subject to terms and conditions of the insurance program of the U.S.A. Department of Commerce Export Import Bank (Ex-Im Bank Insurance Program).
Export-Import Bank—The Export-Import Bank of the United States (Ex-Im Bank) is a U.S.A. government agency whose mission is to support the financing of U.S.A. Exports. EDI and the Ex-Im Bank has formed a partnership to offer financing alternatives to prepayment and Letter of Credit.
Financing Through Ex-Im Bank—Through the Ex-Im Bank's Short-Term and Medium-Term Export Credit Insurance program, EDI is authorized to offer attractive financing to its international customers.
For additional information on the Short-Term and Medium-Term financing assistance programs, please contact EDI or the U.S. Export Import Bank at 312-353-8072 or by fax at 312-353-8098 for additional information on the program including credit reference or other requirements.
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