Payment Terms

Payment Term Types are as follows:

• Payment Terms for Orders Under $10,000.00 U.S. Dollars is Net 30-Days from date of shipment
• Payment Terms for Orders Over $10,000.00 U.S. Dollars requires a 50% down-payment, 50% payment due prior to shipment after customer acceptance test at our facility
• Payment Terms for Orders Requiring Commissioning or Installation require a 50% down-payment, 40% payment due prior to shipment after customer acceptance test, and a 10% payment after installation and or commissioning is complete
• Payment Terms for Orders over $200,000.00 U.S. Dollars require a minimum 50% down-payment and progressive payments which are negotiated prior to contract agreement

Georgia Oven Company shall retain title to all equipment, component or system until the invoiced price is paid in full. The customer must take ownership of the equipment and/or system within 1 week after acceptance or storage fees will be added to the final payment. Orders are not subject to cancellation without Georgia Oven Company’s written consent and then only upon customer’s agreement to compensate Georgia Oven Company for losses caused by such cancellation.  Unless otherwise specified in quoted specifications, all equipment shall be installed by and at the expense of the customer