Wholesale Trade Terms
Understanding the key terms in wholesale trade is essential for successful partnerships and transactions. At EleganceTrading™, we ensure clarity and transparency in all our dealings.
Minimum Order Quantity (MOQ) & Minimum Order Value (MOV)
At EleganceTrading, we apply both a Minimum Order Quantity (MOQ) and a Minimum Order Value (MOV) policy to ensure smooth wholesale operations and competitive pricing for our partners.
Minimum Order Quantity (MOQ)
- Definition: The smallest number of units required per product in an order.
- Variation by Product: MOQ may differ depending on the product line and will be indicated on product pages or confirmed by our sales team.
- Flexibility: Larger quantities allow for better pricing and more efficient shipping.
Minimum Order Value (MOV)
- Definition: The minimum total value required per order to qualify for processing.
- Purpose: Ensures efficient handling, consolidated logistics, and favorable wholesale pricing.
- Custom Solutions: For high-volume or recurring buyers, tailored MOV arrangements may be available.
By setting both MOQ and MOV, we can provide consistent value, reliability, and efficiency to all our wholesale customers.
Shipping Methods
At EleganceTrading, we offer flexible international shipping solutions to meet the needs of our wholesale customers. Our available shipping methods are:
EXW (Ex Works)
- Goods are made available for pickup at our warehouse.
- The buyer is responsible for all transportation, export duties, insurance, and customs clearance.
- Ideal for customers who prefer to manage their own logistics and shipping.
DAP (Delivered at Place)
- We arrange transportation and deliver the goods to the agreed destination.
- The buyer is responsible for import duties, taxes, and customs clearance at arrival.
- A convenient option for customers who want us to handle shipping up to their location.
Payment Terms
At EleganceTrading, we offer flexible payment options designed to meet the needs of our wholesale partners. Our available terms are:
Clean Payment (Advance Payment)
- Definition: The full invoice amount is paid in advance before the goods are shipped.
- Security: Ensures a smooth transaction process and timely order dispatch.
- Best For: New customers and one-time purchases.
Payment on Account
- Definition: Approved customers may place orders on account, with payment due within an agreed period (e.g., 30 days) from the invoice date.
- Eligibility: Subject to credit approval and a positive trading history with EleganceTrading.
- Best For: Long-term wholesale partners seeking flexible payment arrangements.
These terms are designed to balance flexibility with reliability, ensuring efficient and secure transactions.