Payment Terms
Standard
Terms must be accepted and agreed upon in writing before any
transactions may be made to any of our distribution centres, Trents
branches, On The Spot, Four Square, Henry's, New World and
PAK'nSAVE outlets, and any other member or Trent's Wholesale
Limited charge customers.
Standard payment terms are 2.5% settlement discount with payment
made by the last trading day of the month following the date of the
invoice. These terms are acknowledged as the accepted standard
practice in the New Zealand grocery industry. The deduction relates
to both the transfer of the "del credere" risk from you the vendor
to Foodstuffs South Island Limited, and the administration costs
involved in providing the central payment facility.
The settlement discount applies to both wholesale purchases and
charge through transactions.
Special
If payments are required to differ from that of standard terms
and might include a greater payment frequency, these will need to
be negotiated.
