Notice of Terms

By registering as our customer ("the Customer”) and purchasing products from MISUMI, the Customer is deemed to agree on contents of the Notice of Credit Terms (“this Notice”) regardless of any other provisions the Customer may have with MISUMI regarding the credit term.

1. The Customer’s accounts payable shall be closed at the beginning of each month based on the date of each invoice (“Closing Date”). Full payment of the price stated on the
    invoice(s) shall be made on or before the expiry of the (1) month from the Closing Date of the invoice(s) [“Cut7-1M-Pay7”] (Refer *Note). Time for payment shall be of the
    essence.
    *Note:  This credit terms will be shown on invoices as “Cut7-1M-Pay7”.
                Example of payment due date:

Invoice Date	Payment Due Date
Jan 1st to 7th	Feb 7th
Jan 8th to Feb 7th	Mar 7th
Feb 8th to Mar 7th	Apr 7th

    The Credit Term of “Cut7-1M-Pay7” is specifically catered for customers with payment cycles at the end of the month, with a buffer of 7 days.

2. The Customer shall acknowledge receipt and indicate its acceptance of the products purchased from MISUMI by affixing signature and company stamp on the delivery order, or
    by e-signature accompanying the delivery of the said products.

3. MISUMI’s bank details:-

	Beneficiary Name:	Misumi South East Asia Pte Ltd
	Beneficiary’s address:	331 North Bridge Road #07-02
		Odeon 331, Singapore 188720
	Beneficiary’s Bank:	United Overseas Bank
	Bank’s address:	80 Raffles Place UOB Plaza 1
		Singapore 048624
	Bank/branch code:	7375 / 494
	Swift code:	UOVBSGSG
	Account number	421-312-031-4

4. In the event the Customer fails to make full payment in accordance with this Notice and by the due date, then without prejudice to any of MISUMI’s other rights, MISUMI may, in
    its sole discretion:
       (i) Suspend or cancel deliveries of any products due to the Customer; and/or
       (ii) Claim against the Customer:-
              (a) the full price of the products purchased by the Customer stated in the invoice(s) if the Customer has not made any payment for the products it has purchased; or
              (b) the balance of the price due from the Customer to MISUMI if the Customer has made part payment for the products it has purchased.
              (c) a default charge may be additionally imposed on the balance at the rate determined by MISUMI separately.

By registering as our customer ("the Customer”) and purchasing products from MISUMI, the Customer is deemed to agree on contents of the Notice of Credit Terms (“this Notice”) regardless of any other provisions the Customer may have with MISUMI regarding the credit term.

1. All bank charges incurred on payment by TT remittance, including bank charges incurred for receiving payment, will be borne by the Customer.

2. 30 days End of Month credit terms is offered with invoice cut-off date set as 20th of each month. Full payment of the price stated on the invoice(s) shall be made and credited to
    MISUMI account on or before invoice due date. Time for payment shall be of the essence.
    This credit terms will be shown on invoices as “Cut20-2M-Pay7” which is equivalent to "30days End of Month", with a buffer of 7 days.
                Example:

Invoice Date	Expected Payment credited to MISUMI account
21-Sep-2021 ~ 20-Oct-2021	30-Nov-2021

3. The Customer shall acknowledge receipt and indicate its acceptance of the products purchased from MISUMI by affixing signature and company stamp on the delivery order, or
     by e-signature accompanying the delivery of the said products.

4. MISUMI’s bank details:-

	Beneficiary Name:	Misumi South East Asia Pte Ltd
	Beneficiary’s address:	331 North Bridge Road #07-02
		Odeon 331, Singapore 188720
	Beneficiary’s Bank:	Sumitomo Mitsui Banking Corporation
	Bank’s address:	3 Temasek Avenue, #06-01
		Centennial Tower, Singapore 039190
	Bank/branch code:	7472 / 806
	Swift code:	SMBCSGSG
	Account number	12390241

5. In the event the Customer fails to make full payment in accordance with this Notice and by the due date, then without prejudice to any of MISUMI’s other rights, MISUMI may, in
    its sole discretion:
       (i) Suspend or cancel deliveries of any products due to the Customer; and/or
       (ii) Claim against the Customer:-
              (a) the full price of the products purchased by the Customer stated in the invoice(s) if the Customer has not made any payment for the products it has purchased; or
              (b) the balance of the price due from the Customer to MISUMI if the Customer has made part payment for the products it has purchased.
              (c) a default charge may be additionally imposed on the balance at the rate determined by MISUMI separately.