What payment terms does RPMC offer?

(1) Payment terms are advance payment unless otherwise stated. For firms with no credit history with RPMC, we will require payment prior to shipment.

(2) Any remittances received by a bank or other depository of RPMC in connection with this Contract will be received by such bank or other depository solely as a clearing agency. Such receiving bank or depository has no authority to determine whether or not the amount remitted constitutes payment in full. Remittances marked to indicate “payment in full” or other similar expressions may be deposited by such bank or depository notwithstanding such markings and such deposit shall not indicate RPMC’s acceptance of the remittance as payment in full and shall not otherwise be treated as an election by, or an impairment of any of the rights of, RPMC unless expressly agreed in writing by RPMC.

See our complete Standard Terms and Conditions document.