The terms will be specified on each invoice and are to be honored based on the agreement between the two parties. Payment is expected to be received on or before the due date, not after. If received after the due date, Cobra America reserves the right to apply 1.5% financing fee of the open balance assessed on your monthly statement. Interest is compounding. The shipping cost is forwarded based on the amount quoted to us by the freight forwarder. The shipping price can change at any time and will be supplemented by a separate invoice if necessary. Unless specified otherwise, the transfer of goods starts at the agreed upon point of pick up (i.e. Warehouse, Factory, Port).