Trade Terms
International trade terms, Incoterms, and wholesale pricing structures
Last Updated: January 2025
Global Trade
Flexible Payment
Volume Discounts
Fair Terms
1. Incoterms (International Commercial Terms)
We support standard Incoterms 2020 for international trade. The following terms are commonly used for our wholesale sock orders:
FOB (Free On Board)
Seller delivers goods on board the vessel at the named port of shipment. Buyer assumes all costs and risks from that point. Most common for sea freight.
Example: FOB Shanghai - We deliver to Shanghai port, you handle ocean freight and import.
CIF (Cost, Insurance, and Freight)
Seller pays for shipping and insurance to the destination port. Buyer handles import customs and inland delivery.
Example: CIF Los Angeles - We pay for shipping to LA port, you handle customs clearance.
EXW (Ex Works)
Buyer collects goods from our factory and handles all shipping, insurance, and customs. Lowest price option.
Example: EXW Factory - You arrange pickup from our facility and handle everything.
DDP (Delivered Duty Paid)
Seller delivers goods to buyer's location with all costs paid, including customs duties. Most convenient for buyer.
Example: DDP Your Warehouse - We deliver to your door with all fees paid.
2. Payment Terms
2.1 Payment Methods
- Wire Transfer (T/T): Most common method. Bank fees apply.
- Letter of Credit (L/C): Available for large orders (typically $50,000+). Provides security for both parties.
- PayPal: Available for orders under $10,000. 3% processing fee applies.
- Trade Credit: Net 30/60 terms available for established customers with approved credit.
2.2 Payment Schedule
| Customer Type | Deposit | Balance |
|---|---|---|
| New Customer | 50% | 50% before shipment |
| Regular Customer | 30% | 70% before shipment |
| Established Customer | 0% | Net 30 terms |
| Custom/Complex Orders | 50% | 50% before shipment |
3. Pricing Structure
3.1 Volume-Based Pricing
We offer tiered pricing based on order volume. Larger orders receive better per-unit pricing:
| Order Quantity | Discount | Price Range |
|---|---|---|
| 100-500 pairs | Base Price | $3.50-$5.00/pair |
| 500-1,000 pairs | 5% off | $3.30-$4.75/pair |
| 1,000-5,000 pairs | 10% off | $3.15-$4.50/pair |
| 5,000-10,000 pairs | 15% off | $2.98-$4.25/pair |
| 10,000+ pairs | 20% off | $2.80-$4.00/pair |
*Prices vary based on materials, customization level, and design complexity. Contact us for specific quotes.
3.2 Customization Pricing
- Logo Embroidery: $0.50-$1.50 per pair (depending on complexity)
- Custom Colors: No additional charge for standard yarn colors
- Custom Patterns: $200-$500 design fee (waived for orders 1,000+ pairs)
- Premium Materials: 10-30% price increase depending on material
- Rush Orders: 20-50% surcharge for expedited production
4. Currency and Exchange Rates
All prices are quoted in USD unless otherwise agreed. For orders in other currencies, exchange rates are locked at the time of deposit payment. We accept payment in:
- USD (United States Dollar)
- EUR (Euro)
- GBP (British Pound)
- CNY (Chinese Yuan)
- Other major currencies by arrangement
5. Customs and Import Duties
Unless DDP terms are agreed, buyers are responsible for all import duties, taxes, and customs fees in their country. We provide all necessary documentation:
- Commercial Invoice
- Packing List
- Certificate of Origin (if required)
- Quality Certificates
- Other documents as needed for your country
We can assist with customs documentation and provide HS codes for your products. Consult your customs broker for specific duty rates in your country.
6. Minimum Order Quantities (MOQ)
| Product Type | MOQ | Notes |
|---|---|---|
| Stock Items | 100 pairs | Available colors/designs only |
| Custom Colors | 300 pairs | Per color/design |
| Custom Designs | 500 pairs | Per unique design |
| Complex Customization | 1,000 pairs | Multiple logos, special materials |
*MOQs may be negotiable for established customers or large annual commitments. Contact us to discuss your specific needs.
7. Samples and Prototypes
- Stock Samples: $10-$20 per pair (refundable with order of 500+ pairs)
- Custom Samples: $50-$150 per design (includes setup costs)
- Sample Shipping: Buyer pays actual shipping costs
- Sample Timeline: 7-10 business days for custom samples
Sample costs are credited toward your first production order of 1,000+ pairs.
8. Annual Contracts and Partnerships
For high-volume customers, we offer annual supply agreements with additional benefits:
- Locked-in pricing for 12 months
- Priority production scheduling
- Reduced or waived MOQs
- Extended payment terms (Net 60-90)
- Dedicated account manager
- Free design and development services
- Quarterly business reviews
Annual contracts typically require minimum annual purchase commitments of $100,000-$500,000 depending on product mix.
9. Contact for Trade Inquiries
For questions about trade terms, pricing, or to request a custom quote:
velonsocks Trade Department
Email: trade@velonsocks.com
Phone: +1 (555) 123-4567
WhatsApp: +1 (555) 123-4567
Address: 123 Manufacturing Drive, Industrial Park, City, State 12345
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