💳 Payment Terms

Payment Terms

SIA GLAVERO is a B2B (business-to-business) company. Our payment procedure is tailored for high-volume and pallet orders, which require precise legal accounting.

1. Payment Method:
   • We accept **bank transfers** only.
   • Payment must be made to the bank account specified by SIA GLAVERO.
   • This payment method ensures legally accurate transaction accounting between two businesses.
2. Payment Details:
   • Company Name: **SIA GLAVERO**
   • Bank: **Citadele banka AS**
   • Account Number (IBAN): **LV36PARX0033416310001**
   • VAT Number: **LV40203643654**
3. Mandatory Information in Payment Purpose:
   • Please indicate the **invoice number** (e.g., "Invoice No. INV-2024-001").
   • Without the invoice number, the payment may be unidentified, which will **delay order processing**.
4. Payment Deadline and Order Processing:
   • Invoices must be paid within **5 (five) working days** from the date of issue.
   • The order is processed only after **receipt of the full invoice amount** in our bank account.
   • **Order Cancellation:** If payment is not received within the specified period, SIA GLAVERO reserves the right to **automatically cancel/annul** the order, and the product reservation will be lifted.
5. International Payments (Outside Latvia):
   • Payment must be made in **EUR** currency.
   • The customer must ensure that the payment is made using the **OUR** commission type, where **all bank commissions are covered by the client/payer**. This is necessary for the full invoice amount to reach the SIA GLAVERO account.

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Example of how to correctly state the payment purpose:

"Invoice No. GLAV-2024-123"