Common use of FREIGHT PAYMENT Clause in Contracts

FREIGHT PAYMENT. a) Transporter shall raise the bills after completion of the transportation of all the consignments & payment will be made within 45 days from the date of receipt of bills. Delivery challans accepted by the consignee are to be submitted along with the bill. b) Mode of payment of freight will be either on: "To Pay" [TP] (i.e. to be paid by Consignee) basis after receipt of goods at destination, OR To be billed" [TBB] (to be paid by BHEL-FSIP Jagdishpur) after satisfactory delivery of goods to Consignee and production of documentary evidence in support thereof. c) Transporters shall submit their freight bills along with LR/GR copy acknowledged by consignee in original or delivery ▇▇▇▇▇▇▇ accepted by the consignee in original and BHEL Jagdishpur weighing slips. Only BHEL Jagdishpur weighing slip will be considered and used for freight calculation. d) All freight payment will be made through e-Payment after deducting TDS as per applicable law. Total freight amount will be rounded off to nearest full rupee value for claiming freight charges.