Terms of Trade

Payment

Trade accounts are due by the 20th of the month following date of invoice.

25% prompt payment discount

Trade customers who pay their invoice(s) by the due date are entitled to deduct a prompt payment discount of 25%.  Eligibilty for the prompt payment discount expires at the end of the month following date of invoice - with no exceptions.

Non-payment of invoice by the due date

In cases of non-payment, BTI's standard terms of trade (see below) allow BTI a number of remedies, including the ability to:

• recover the goods;
• recover all amounts for any damage, losses, costs or expenses (including actual legal costs and expenses) arising from the non-payment by the Customer including costs of recovery of the goods;
• charge default interest at the rate of 18% per annum and all actual legal costs and other costs and expenses incurred in enforcing BTI's rights;
• require that all the account, whether or not due, is paid immediately.

Detailed terms of trade

Follow the link to view of a copy of BTI's Standard Terms of Trade.