PAYMENT POLICY

Last Updated: 17-Jan-26

Payment Structure

To proceed with parts sourcing and ordering, the following payment terms apply:

• Orders up to XCD $3,000 (landed value):
  ✔ 100% payment required upfront
• Orders between XCD $3,001 and XCD $10,000:
  ✔ 50% deposit required to place the order
  ✔ 50% balance payable prior to release or shipment
• Orders above XCD $10,000 or special-order items:
  ✔ 70%–100% upfront payment, depending on supplier requirements

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Deposits & Refunds

• Deposits become non-refundable once parts are ordered from suppliers
• Refunds are only considered if an order is cancelled before supplier confirmation
• GPSL is not responsible for delays caused by suppliers, freight carriers, or customs authorities

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Order Processing

• Orders are processed only after cleared funds are received
• Proof of transfer does not constitute payment confirmation
• Balance payments must be settled before parts are released, shipped, or delivered

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Accepted Payment Method

• Bank/Wire transfer to Delwaves Ventures Ltd (Trinidad & Tobago)
• Full banking details are provided on official quotations and invoices
• PayPal
• Other approved electronic methods
• Payment instructions are provided after pricing approval.

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Payment Terms

• No payment is required until the customer approves the quoted price

Pricing & Currency

• All quotations are issued in XCD unless otherwise stated
• Prices are valid for the period stated on the quotation and may be affected by:
  • Supplier price changes
  • Exchange rate fluctuations
  • Freight or duty adjustments

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Right to Refuse Service

Delwaves Ventures Ltd reserves the right to refuse or cancel any order where payment terms are not met.