Common use of Billing Process Clause in Contracts

Billing Process. 3.1 Buyers should collect Invoices in duplicate from the respective mine. 3.2 In case of dispatch against LC, ▇▇▇▇ will present following documents to the Banker for release of payment: a) Seller’s tax invoices in triplicate. b) A statement showing details of Manganese Ore supplied for the quantities shown in the tax invoice as in (a) above shall be sent along with the bill of exchange as per the claims submitted to bank. c) Proof of transport in case of dispatches by Rail(Railway Receipt). 3.3 MOIL will send debit/credit note on the completion of sampling and analysis process. In case any amount is due from the buyer, payment shall be made within 15 days from date of debit note. If any default is made in payment, the interest clause 2.8 will be applicable.