Normal Terms of Trading

   A.   Buying from Our Stock [For All Members]

To view & order our stock in Japan, you need become our member. Ordinary membership is free of cost. On application for membership, customers will be assigned a password to login to our stock pages.
Our payment terms for buying from our stocks are as follows.

1- 100% irrevocable and confirmed Letter of Credit (L/C) in favor of HAS-NIHON TRADING CO., LTD. drawn and negotiable at any Japanese or International Bank in Japan.
Note: L/C may not be acceptable in certain cases, due to international regulations, or due to our internal policy.

OR

1- 50% advance payment upon receipt of confirmation of vehicle's chassis numbers.
2- 50% remaining balance is to be paid within five working days of the shipment of order and receipt of copies of shipment      documents including bills of lading by customers.
Note 1: For vehicles under Yen 200,000 FOB value, 100% amount should be paid in advance.
Note2 : Any bank charges/commission, occurred at time of remittance, should be beard by customer.

The shipments of the order will be made Earliest within 15 days of the receipt of the payment, subject to availability of the shipping vessel. For some rare destinations vessels are available only once in a month (or sometimes more long), so the shipment may take longer time.

Cancellation of Order

The order cannot be cancelled after acceptance by the customer. In case of cancellation, the company may seek the suitable amount (minimum Yen 50,000 + expenses for preparing the vehicle for shipment ) to cover the loss.
The company reserves its rights to the sold items (Vehicles, Parts, etc.), until all dues from the customer have been cleared. Although every effort is made to ensure that the items have been supplied are strictly to the specification, however, should there be any discrepancy the allowances will only be made at company's discretion.

   B.   Buying from Our Live Auction [For Premium Members]

We are now having our own auction on this web-site. Only premium members are allowed to view & participate in our live auctions. Customers will be bound to buy the item, for which their bid will be highest. If customer fails to pay the Full Bid Amount & Export Fee, the security deposit submitted for premium membership will be seized & his/her membership will be changed to ordinary. Company also reserves the rights of canceling ordinary membership too.
The terms for payment is different then  the terms of buying from our stock, which is, FULL PAYMENT required within 4 working days after receiving the P.Invoice, unless chosen another payment style or plan. Partial payment is not acceptable for purchases from our Live Auction.

   C.   Buying from Other Japanese Auctions [For Premium Members]

We are  registered as a member with almost all  Japanese Auto Auctions. Everyday we check the next day's auctions, to find out vehicles according to our customer's requirements. If we find any matching vehicle, we send an email to our customer with auction sheet & photos. If customer likes the vehicle & authorize us to bid, we then next day bid for that vehicle up to the authorized amount. If our bid is successful & we get the vehicle, we ask the customer to pay the amount, and as soon as we get the payment, we arrange the shipment of vehicle by nearest available ocean vessel.

Premium Members can search their desired vehicle by themselves, from the Japan Auction sites, provided by us or ADS, and forward their requirement to us for purchase. We will buy the vehicle on their behalf, within their mentioned FOB price. If the customer fails to pay the Full Bid Amount & Export Fee  for bought vehicles, after authorizing us for bidding in auction, the security deposit submitted for premium membership will be seized & his/her membership will be changed to ordinary. Company also reserves the rights of canceling ordinary membership too.

In ADS, Premium Members can only search their desired vehicle by themselves. Our Auction & Purchase department staff will bid the vehicle on their behalf. The staff can also search the vehicles, if provided the conditions, & send the information before bidding, for confirmation.

Besides this ordering system, we can also accompany a customer to auctions in Japan, so he/she may select the vehicles of his/her own choice and instruct us to bid by computer. If the bid is successful, the remaining procedure & terms are same as ordering from auctions.

Payment terms for this system are same as Section B, Buying from our Live Auction. FULL PAYMENT is required within 4 working days after receiving the P.Invoice, unless chosen another payment style or plan. Partial payment is not acceptable for purchases from Japanese Auction.

D.   Bank Charges / Fees [For All Members]

Our prices shown in P.Invoices and Invoices are net selling prices without adding any Bank Charges , which should be paid in full without deducting any bank charges etc. A full invoiced amount must be transferred into our Japan Account. We ask all customers to choose "Sender has to pay the bank charges" section, while arrangement of payment with their banks, so that we can receive full amount in Japan. We will credit to your account whatever we receive into our Bank  and we can always show or prove the received amount.

Conclusion ;
   *** We have to Receive P.Invoice or invoice amount in Full (net) into Our Japan Bank Account.
   *** All Bank charges (fees) , both Customer and Japan side , should be excluded (Customer has to pay).

All our prices announced in Website are discounted, after carefully considering these expenses. We are not increasing the List Prices or not making our stock Expensive by Including these kind of Expenses.

Methods of Payment