Back To Company Information PageFINANCIAL INFORMATION
METHOD OF PAYMENT
Payment must be made in favor of Sait Ltd. by T/T only. Please address TelegraphTransfer to:
PAYMENT IN T.W. DOLLAR:
Overseas Chinese Bank
NO. 1 Fu Hsing North Road
Taipei, Taiwan
Account NO. : 009-001-0002535-7
Account Name: SHULMAN AIRFREIGHT INT'L TAIWAN LTD. (SAIT LTD.)
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PAYMENT IN U.S. DOLLAR:
Pay to order of SAIT Ltd for Mantraco (on USA payment only)
Bank of Amercia
Los Angeles Airport Branch 0641
835 North Sepulveda Blvd
El Segundo Ca 900245 U.S.A.
A/C No. 03299-00517
A/C Name: Shulman Air Freight International Taiwan Ltd (SAIT Ltd)
For those members who have bi-lateral agreement with us to pay with other kinds of basic currency, request to follow up the agreement to transfer our HAWB receivable. For U.S. dollar checks, we can only accept checks whose banking locations are in the United States.
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DIRECTION OF STATEMENTS AND INVOICES
ACCORDING TO OUR ISO9002 WORKING MANUAL, OUR COMPUTER SYSTEM ARE GOING TO STANSARDIZAGION OF OPERATION & ACCOUNTING PROCEDURE, EFFECTIVE FROM JULY 01, 2000. ALL OUR CONSOLIDATION POUCH ONLY CONTAINS THE FOLLOWING DOCUMENTS: -
(1) HOUSE AIRWAY BILL ATTACHED COMMERCIAL INVOICE, PACKING LIST AND OTHER SHIPPING DOCUMENTS.
(2) CARGO MANIFEST (7509 FORM FOR U.S.A. ONLY)
(3) CARGO MANIFEST (AS DEBIT MEMO WITH THE AMOUNT OF DEBIT)
(4) CURRENT PROFIT SHARING CREDIT MEMO WILL BE STOP TO PRINT AND RELEASED ON CONSL BY CONSO BASIS. BUT PROFIT SHARING ON EACH HAWB WILL FORWARD TO YOUR ACCOUNTING DEPARTMENT WITH MONTHLY STATEMENT ON MONTHLY BASIS.
(5) SYSTEM ON CREDIT MEMO OF PROFIT SHARING ARE SUBJECT TO TEH DESTINATION OF HAWB. IF ANY SHIPMENT INVOLVED WITH TRI-ANGLE TRADE, WE NEED TO SET UP THE FORMAT ON SYSTEM BEFORE SHIPMENT. APPRECIATED ALERT US IN ADVISE.
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According to the Business Tax Regulation, all our payments to overseas agents must provide either (1) Invoice with signature, or (2) Receipt with signature. The payment cover, regardless of amount, is (1) Inbound freight payable, or (2) export profit sharing or onward cost as well as breakbulk fee, if any. If the inbound shipment or export profit sharing is deducted from our receivable, we must provide either the invoice or the receipt, otherwise the tax authority will not be considered our expenses, nor will it be allowed to be deducted from the profit. From now on, our accounting office may request you to give us a receipt of invoice on our payments.
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INFORMATION REQUIRED ON STATEMENTS FROM OTHER MEMBERS
The cheque or Telex information of payment must be followed by specification giving date of HAWB and HAWB number or statement date and numbers
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ANY OTHER INFORMATION
All invoices should be paid within 15 days after your receiving our statement on twice monthly, which will be forwarded either by Telex or mail. This will help us to meet the requirement of the airline's payment. We accept collect MAWB from all WACO members, but the HAWB amount must exceed the amount of MAWB or get our Telex confirmation before shipping.
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REMARKS
We experienced difficulties in collecting our receivables. Some of our members delayed their payment until our repeated Teles tracings and some even forgot to remit after tier Teles confirmation. Since receivables involved with quite a few accounts that finally resulted from a small amount of money into a big amount which forced this office running after cashflow especially during peak load season in Taiwan.
You are kindly requested to effect payment strictly in accordance with our agreement with a Telex indicating the actual date that you remitted. This request is made on vice versa basis. Thank you for your cooperation.